Any retailer that accepts credit and debit cards as forms of payment must also take industry-approved measures to protect customer information. Typically, this means some form of encryption.
Month: December 2012
Imagine a customer bringing an item that retails for $50 up to a register, then suddenly finding out that they will be charged an additional $2.50 for paying with a credit card.
Earlier this month, United States law enforcement officials announced the conviction and sentencing of a Swedish credit card payment processor for his role in a cyber crime ring that bilked unsuspecting businesses to the tune of $71 million.
For small and midsize businesses (SMBs), credit card processing fees can seriously impact the bottom line. Consequently, many companies have tried to go the cash-only route. The problem with that is, over the years, consumers are increasingly relying on plastic over paper currency.
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In the world of payment processing, there are a number of major corporations that carry a lot of clout. The Payment Card Industry Security Standards Council (PCI SSC) – the primary standards body in the sector – is itself comprised of major global payment brands, specifically American Express, Discover, JCB International, MasterCard and Visa. As […]