New data security bill moves forward with credit union backing.
New report shows Apple Pay not as secure as initially touted to be.
Despite added security measures, most retailers are lagging in embedded chip card processing implementation.
Data shows card payments are increasing in favor among consumers worldwide, putting the onus on merchants to secure effective payment processing capabilities. However, it's important that, when selecting any new credit card processing software, businesses aim for solutions that offer flexibility and affordability. Finding such a solution can be difficult, particularly given the realities of […]
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 […]
There are currently two ways that debit card transactions are processed by credit card software: online debit cards and offline debit cards. Online debit cards are essentially enhanced automatic teller machine (ATM) cards, as they use the same personal identification number (PIN) authentication system and debits are reflected in the user’s account immediately.
Weak security in payment industry opens door to credit card thefts. More than 70 retailers and payment processors have disclosed breaches since 2006, involving tens of millions of credit and debit card numbers, according to the Privacy Rights Clearinghouse. Meanwhile, many others likely have been breached and didn’t detect it. Even the companies that had […]
In marketing generally and in retailing more specifically, a loyalty card, rewards card, points card, or club card is a plastic card, visually similar to a credit card or debit card, that identifies the card holder as a member in a commercial incentives programme. In the United Kingdom it is typically called a loyalty card, […]
POS or PoS is an acronym for point of sale (or point of service). This can mean a retail shop, a checkout counter in a shop, or a variable location where a transaction occurs. In Europe, the acronym EPOS for Electronics at the Point Of Sale is used in preference.
A credit card software system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that the credit card issuer lends the consumer money rather than having the money removed from an account. […]