Clearly Payments

DECEMBER 2, 2024

Suitable for high-volume retail and service environments. Accepts contactless and EMV chip cards , which are more secure than magnetic stripes. to 3% per transaction , depending on the provider. Ensure the system supports modern features like contactless payments, mobile wallets, and EMV chip cards.

Credit Cards

Stax

NOVEMBER 6, 2023

The modern-day casino chips can be thought of as a great example of tokenization. The payment service provider would have their own secure storage where the PII is stored. The actual card information can be read only by the payment service provider or tokenization service and is kept away from intermediaries.

Encryption

Payment Savvy

JULY 3, 2024

This occurs when the cardholder contacts their issuing bank to request a reversal of the transaction amount, typically due to fraud, unauthorized purchases, or dissatisfaction with the goods or services provided. PCI DSS Compliance This is the cornerstone of debit card security.

Debit Card

BNG Payments

JANUARY 7, 2022

Ensure Your Business is PCI Compliant You've probably already heard a lot about the Payment Card Industry Data Security Standard (PCI DSS), commonly known as PCI. In short, all companies that process, store or transmit credit card information must comply with the PCI DSS. If not, inquire why.

Credit Cards

Stax

APRIL 18, 2024

This technology enables merchants to conduct transactions on the go, typically with both mobile wallet solutions like iOS’ Apple Pay, as well as tap-to-pay, magstripe, and chip cards like American Express, Visa, and Mastercard. This is facilitated through mobile apps or attachments that can accept credit card swipes, taps, or chip inserts.

Credit Cards

EBizCharge

AUGUST 30, 2024

The fees associated with credit card processing typically consist of various costs, including transaction fees, interchange fees, and service provider fees, which can significantly impact a business’s bottom line. These fees vary depending on the payment processor and the merchant’s chosen service plan.

Credit Cards

Clearly Payments

DECEMBER 5, 2023

The Definition of a Payment Processor A payment processor is a financial service provider that facilitates transactions between a seller (merchant) and a customer. The past decade has been characterized by a focus on enhancing security measures, with the widespread adoption of EMV (Europay, Mastercard, Visa) chip technology.

Processors

Payment Savvy

JULY 12, 2024

Processing online payments involves costs, whether they’re fees to credit card companies, processing networks, or payment service providers. Payment processing is how a merchant services provider handles credit card transactions. However, it’s possible to manage and minimize these fees effectively.

Debit Card

EBizCharge

APRIL 25, 2024

Merchant accounts provide a secure channel for handling sensitive financial information, such as cardholder data, in compliance with industry standards like the Payment Card Industry Data Security Standard (PCI DSS). A reliable internet connection is vital for real-time transaction authorization with this hardware.

Online and Mobile Banking