Credit Card Processing Blog

Last year's Black Friday and Cyber Monday sales were record-breaking and this year will likely be the same. Especially for online stores, the holidays bring tons of increased traffic and sales, so making sure your site and brand are ready is absolutely crucial. As we head into November, now's the perfect time to take stock of what your business needs to do to be successful this holiday season. Not sure where to begin? Here are just a few areas where you can start to make improvements so you're ready to take on more clients and more sales. 1. Segment Your Offers Black Friday and the rest of the holiday season is a great time to rack up sales from both new and existing customers. A great way to encourage both of these customer segments to buy is to provide them with different offers. You can entice new customers with the type of Black Friday deal they expect and then reward existing customers for their loyalty with an exclusive offer. 2. Emphasize Gift Cards Not only do people already want to buy gift… Read more

Because we vet some of the best credit card processors out there, we get exclusive insight into the trends that shape the industry, including how things like facial recognition, virtual reality and digital wearables are changing payment technology. The Internet of Things is a great example of how technology is helping payment processing evolve. As the year comes close to an end, let's take a look at what's already being done with IoT, as well as what we're likely to see in the near future. Mastercard Teams Up with WeWork The recently announced partnership between Mastercard and WeWork, a community of shared work space perfect for very small startups and entrepreneurs, aims to see if the office space/sharing model can benefit from Mastercard’s technology (and vice versa). WeWork’s Enterprise Innovation Lab in San Francisco is in the process of incorporating Internet of Things, data analytics, digital payments and other technologies from Mastercard, including metered payments for desk usage. This means WeWork members will only be charged for the amount of time they actually use a desk. And in the on-premise “Honesty Market,” WeWork members will be… Read more

October is National Cyber Security Awareness Month, so in an effort to ensure you're doing all you can to protect your online data, we want to share a few useful payment security tips for business owners. 1. Understand PCI Compliance PCI compliance is a big topic when it comes to credit card processing. And the reason it's at the top of this list is because it's a solid starting point for keeping all your online payment activity secure. Although there are definitely aspects of PCI compliance that can be quite complex for larger corporations, understanding and implementing the basic principles will greatly benefit your business. 2. Avoid Storing Payment Data There have been a lot of high-profile data breaches recently, so it may be surprising to learn that 95 percent of credit card breaches come from small businesses, not giant corporations. That statistic makes it clear that small and medium businesses are popular targets for online thieves. You can help protect your business and all of your customers from being compromised by not storing payment data after a transaction is complete. 3. Verify Transactions It's… Read more

Last year, we published the 2016 Guide to Apple Pay for Business, covering how Apple Pay works and why businesses should accept it. From 2015 to 2016, Apple Pay transactions increased by 500 percent. Thanks to ongoing innovation by Apple and adoption by businesses, the popularity of Apple Pay among consumers has continued to increase. Apple Pay Online is a very significant innovation rolled out over the last year that takes many of the things consumers like about Apple Pay and puts them directly into a browser. How exactly does Apple Pay Online work and is it right for your business? Let's take a look as we break down some of the most important things to know about Apple Pay Online. How Apple Pay Works Online When someone uses Apple Pay in a retail setting, they hold their phone or watch up to a supported reader and then authenticate the transaction. Now that Apple has deployed their payment technology online, it's possible for consumers to buy online directly through Apple Pay, which so far, is only supported by Apple's own Safari browser. If… Read more

PCI compliance requirements for businesses of all sizes is always growing. This topic is just as important for businesses that accept payments online as it for those that process through a brick and mortar location. Not only is keeping up with PCI compliance important for avoiding fines and protecting your ability to process payments, but it also plays an essential role in protecting sensitive information for both your business and all customers. There are numerous elements of PCI compliance, but we're taking a special look at PCI compliance for businesses with multiple locations. If your business already has multiple locations or you're planning to expand in the near future, here's what you need to do to have all your bases covered. Understanding PCI Compliance Validation PCI validation ensures that a business is following all compliance requirements. A business can achieve PCI validation by putting necessary equipment and processes in place to protect cardholder data during online and offline transactions. This includes securing a card processing network with necessary firewalls, regularly updating passwords, staying current with security settings and deploying encryption when… Read more