Category Archives: Security
Update: Global Payments loses PCI Compliance Status
Global Payments Inc., the company responsible for allowing up to 1.5 million (CreditCardProcessing.net had initially reported the number as 10 million, the original estimate) accounts to be breached has been removed from Visa’s list of PCI compliant processors, though the … Continue reading
Up to 10 Million Mastercard and Visa Cards Breached
Mastercard has confirmed that U.S. based payment processor Global Payments Inc. has had a security breach, potentially compromising up to 10 million credit card accounts. The Secret Service has confirmed the incident and is currently investigating. Mastercard has taken immediate … Continue reading
Chip and PIN Credit Card Processing
Chip and PIN credit cards are common in Canada and Europe, but has not yet become popular in the United States due to the technology and expense required to switch from magnetic stripe readers to Chip and PIN credit card … Continue reading
EMV Chip-Based Credit Cards Coming to the US
The credit card industry overseas uses EMV technology to reduce fraud, and the technology is slowly starting to make it’s way to the United States. EMV cards store credit card data on a computer chip rather than a magnetic stripe, … Continue reading
Will Your Customers Data be Safe When They Pay You With Smartphones at the Checkout Line?
Mobile payments or mobile wallets are being considered the future of credit card payments. Instead of swiping a card at the register, customers will “swipe” their smartphone to make a payment. Actually, the smartphone payments work similar to the gas … Continue reading
Incentives Offered To Encourage New Credit Card Processing Trends
American consumers are often under the false impression that the technology in use in this country is the top of the line and most advanced. In reality, many other countries are using newer technology in other areas from cars to … Continue reading
How to Eliminate Fraud When Processing Payments
A long time concern for merchants and consumers has been the security of credit card processing. As the industry has evolved over the years, both security measures as well as the hackers that work to breech them have changed. With … Continue reading
Preventing Credit Card Processing Fraud Online and Off
Did you know that credit card processing fraud is prevalent among online retailers? In fact, each year the amount lost to fraudulent credit card transactions totals in the millions of dollars. While it would be nearly impossible to eliminate all … Continue reading
Credit Card Processing Security Issues
With millions of consumers worldwide using credit cards to pay for products and services, the issue of secure transactions is a big concern. If the wrong person obtains your credit card information you may become the victim of fraud or … Continue reading
Credit Card Processing Companies and Deceptive Business Practices
When choosing a credit card processing company it is very important to research the company in question before making your final decision. Merchants rely on these processors to ensure transactions are properly handled and that they receive payment for each … Continue reading
