Credit Card Processing Blog

NFC stands for near field communication. This type of technology can be used to transfer data between devices that are close to each other. Transferable data includes payment information. One of the reasons this type of technology has become more prevalent in recent years is although it has similarities to Bluetooth, it works over significantly shorter distances and uses much less power. The functionality of NFC makes it possible for someone to pay with a card or mobile device by simply waving their NFC item in front of a compatible reader. While this is more convenient with a card than swiping, NFC devices means consumers don’t even have to pull out or carry a card. In terms of devices and readers, Android was actually an early leader in NFC integrations. However, the reason this technology has seen a significant surge is it’s what Apple uses in their iPhone 6 line and Apple Watch to conduct Apple Pay transactions. 3 Reasons NFC Payments Are Secure Although it’s easy to understand the appeal of such a convenient payment method, plenty of consumers… Read more

PCI compliance is a requirement for all businesses that accept credit and debit cards. As we covered in a previous post on the latest PCI compliance standards, there are multiple areas merchants need to pay attention to in order to fully ensure their compliance. While choosing a reputable processing company can help take care of many of those requirements, there are certain steps a business may need to take on their own. This is especially true as businesses grow and are expected to meet a higher compliance level. For example, while businesses that do less than 50,000 transactions a year through a specific provider like American Express are recommended to complete a self-assessment questionnaire on an annual basis, those that pass this threshold are required to complete this questionnaire every year. Everything Businesses Need to Know About SAQ So, what exactly is a self-assessment questionnaire? This document, which is often simply referred to as SAQ, contains a set of questions based on the requirements of the PCI DSS. The document covers a total of twelve compliance requirements. Those requirements are… Read more

Earlier this year, The Verge reported that there are 1 billion Apple devices in active use around the world. The majority of those devices run iOS. One iOS feature that Apple has put a lot of effort behind is Apple Pay. This payment feature allows people to use their phone, tablet or watch to make payments with a single touch. Apple Pay is designed to work in stores, as well as in apps. And while it’s not directly a part of Apple Pay, these devices also make it possible to automatically fill in payment details on websites by using the autofill feature of iCloud Keychain. How Apple Pay Works Consumers can use their iPhone or Apple Watch to pay in stores. With the iPhone, a consumer holds their iPhone near the contactless reader with their finger on Touch ID. They can also double-click the Home button if their iPhone is locked to access Wallet and quickly make their purchases. Apple doesn’t stored card number information or submit it to merchants during a transaction. With the Apple Watch, consumers can double-click… Read more

Although most businesses are well aware that they need a strong online presence, there’s a big difference between knowing this information and putting it into action. While the Internet can do things like connect businesses with a huge pool of potential customers, that doesn’t mean finding success online is easy. Whether a business is really struggling with their online efforts or has found a little traction but feels like they’ve plateaued, we want to cover five online mistakes that cost businesses money. The most common online mistakes businesses make are not: Having a Responsive Website Design It’s been almost a decade since the iPhone was first introduced to the world. During that time, the way people use the Internet has completely changed. Many people now use their phone more frequently to get online than they do their desktop or laptop. Because mobile usage continues to grow, it’s important for business websites to function well on smaller screens. The best way to do that is with a responsive website design. Any business that processes payments through their website but doesn’t have… Read more

Now that February has officially begun, we’re just over two months away from this year’s deadline for filing taxes. Along with finding a credit card processor that offers great rates, being aware of applicable tax deductions is a proven way for businesses to save big. Since there’s still time to go through all of your financial information from last year, we want to highlight six ways you can reduce your 2015 taxes: Employee Benefits Did you pay for things like accident and health plans under a qualified benefit program for your employees? If so, you can deduct those costs. Group-term life insurance coverage, educational assistance and dependent care assistance are other examples of deductions that fall into this category. Section 179 Thanks to Section 179, businesses don’t have to spread out the deduction of purchases like equipment over the course of multiple years. Instead, Section 179 currently allows a business to deduct up to half a million worth of qualifying purchases in the same calendar year. Keep in mind that there are some limitations in regards to specific purchases like… Read more