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POS 101: The Basics of POS Systems

POS 101: The Basics of POS Systems

Point of sale or POS systems allow business owners to accept payments from customers. What follows is an explanation of POS systems, how they work, their benefits to merchants, and more. What Is a POS System? A point of sale system allows retail businesses to accept credit, debit, and other forms of payment. These systems also record information about a retail store. Components of Retail POS Solutions Modern POS systems … Continue reading “POS 101: The Basics of POS Systems”

A Guide to PCI Compliance

A Guide to PCI Compliance

Businesses that accept customer credit card payments are required to follow payment card industry (PCI) compliance standards. If you are uncertain about PCI compliance, meaning you are uncertain about how to keep cardholder data secure, here is some information you should know. What Is PCI Compliance? PCI compliance is a set of standards mandated by credit card companies to ensure all transactions are secure. These standards are covered under the … Continue reading “A Guide to PCI Compliance”

eCommerce Credit Card Fraud Prevention Strategy for Online Merchants: The Ultimate Guide

eCommerce Credit Card Fraud Prevention Strategy for Online Merchants: The Ultimate Guide

eCommerce fraud greatly impacts both consumers and online merchants. Consumers are affected when their credit card data and personal information are stolen and used illegally. Merchants are affected because merchandise is stolen. What Is eCommerce Fraud? eCommerce fraud is any type of fraudulent transaction that deprives consumers or merchants of goods, services, money, or personal information. It involves much more than someone illegally using a consumer’s card information to pay … Continue reading “eCommerce Credit Card Fraud Prevention Strategy for Online Merchants: The Ultimate Guide”

How Does Wireless Credit Card Processing Work?

How Does Wireless Credit Card Processing Work?

Wireless credit card processing offers benefits far beyond what traditional credit card processing methods can offer small businesses. We explore these benefits and reveal more about how this modern process works. The 5 Steps of Wireless Credit Card Processing In order to complete a wireless credit card payment successfully, there are five steps that must first be finalized. Here’s how the process works: 1.   The Credit Card Is Swiped The … Continue reading “How Does Wireless Credit Card Processing Work?”

EMV: What It Is and Why It Matters

EMV: What It Is and Why It Matters

Over the past six years, businesses have been challenged with the implementation of EMV credit card processing. This method has replaced traditional credit card processing for a more secure payment system for customers and businesses alike. What is EMV? Why is it so important for businesses to implement it correctly? What Does EMV Stand For? EMV stands for Europay, Mastercard, and Visa. Smart chip-enabled credit, debit, and prepaid card technology, … Continue reading “EMV: What It Is and Why It Matters”

Help Your Professional Services Business Thrive with Small Business Payment Processing

Help Your Professional Services Business Thrive with Small Business Payment Processing

This past year has seen challenges for professional services businesses as they have had to adjust how they do operate. Even with things starting to improve, maintaining a digital business model will continue to help your business thrive. What Is a Digital Business Model? A digital business model is where you conduct business in a virtual environment using various tools like Zoom, online payment services, and so on. From conducting … Continue reading “Help Your Professional Services Business Thrive with Small Business Payment Processing”

Online vs. Offline Debit Transactions

Online vs. Offline Debit Transactions

Debit transactions are generally processed online or offline. To authorize an online transaction, a customer must submit a personal identification number, or PIN, at the point of sale. With an offline transaction, the customer completes the sale by signing their receipt. Both are legitimate debit transactions that businesses can use. Here’s a look at the pros/cons of online vs. offline credit card transactions: The Difference Between Offline and Online Payment … Continue reading “Online vs. Offline Debit Transactions”

Everything You Need to Know About Credit Card Processing

Everything You Need to Know About Credit Card Processing

Credit card transactions might seem fairly straightforward. Your customer inserts their card into the EMV card reader, the machine transmits the information for payment processing to your merchant services providers, and the payment is approved. Yet, there is much more going on behind the scenes that you may not understand or be fully aware of. Aside from chip-based transactions, there are others you may perform, such as swiped payments or … Continue reading “Everything You Need to Know About Credit Card Processing”

EMV Compliance Deadline for Gas Stations Update

EMV Compliance Deadline for Gas Stations Update

The deadline for EMV compliance for gas stations has come and gone; it was April 17, 2021. This due date was extended from October 2015, initially, to October 2017 to give gas station owners time to get their outdoor pump card readers compliant. It was extended a second time to October 2020. Yet, the global COVID-19 pandemic caused concern for gas station owners, so the deadline was moved a third … Continue reading “EMV Compliance Deadline for Gas Stations Update”

The Complete Credit Card Processing Guide to Credit Card Networks

The Complete Credit Card Processing Guide to Credit Card Networks

When was the last time you used your Chase card or your Capital One card? If you had to stop and think about it for a moment, you would not be alone. This is because most people do not think about the bank name on their cards. Now, if we asked you when was the last time you used your MasterCard or Visa, you probably would be able to remember … Continue reading “The Complete Credit Card Processing Guide to Credit Card Networks”