Credit Card Processing Security

Discussing common security issues which credit card processing customers face during implementation and operation. PCI compliance standards, testing and verification.

Find Out What Visa’s Level 4 Merchant Changes Mean for Your Business

Big news this month from Visa! They recently announced that any businesses that process fewer than one million Visa transactions in person or 20,000 ecommerce transactions in both the United States and Canada are now considered Level 4 Merchants. It’s estimated that 90 percent of businesses who accept credit cards fall into this category. At the core […]

Posted in Business, Security

How This Unusual Agreement Could Change Payment Processing

When most of us think of Visa and MasterCard, we generally think of them as competitors. And while that’s probably also how the companies think of each other, a recent announcement shows they’re not afraid to work together when an issue is mutually beneficial. The two companies recently announced that they’re working together on accelerating the adoption of […]

Posted in Business, Security

Which Payment Processing Features Matter Most?

In the not-too-distant past, there were only a handful of payment processing options for most businesses. However, technology growth and other factors have helped bring far more providers into this space. Not only are there more options than ever, but single niche processors have even sprung up, furthering competition in specialized payment processing areas. While competition […]

Posted in Advice, Business, Security

Could Data Breach Insurance Protect Your Business from Credit Card Fraud?

A data breach can be one of the worst things to happen to a business, causing difficult-to-repair reputation damage and taking a large chunk out of its budget. With data breach insurance, a company has the protection it needs to reduce financial loss in the event of a cyber attack. This insurance usually covers legal, […]

Posted in Security

Do Your Receipts Reveal Too Much Information?

At one time, businesses routinely put customers at risk by printing an entire credit card number on each receipt. But in 2003, the government passed into law the Fair and Accurate Credit Transactions Act (FACTA), which stipulates that companies cannot include more than five digits of a credit card number on a receipt. Additionally, expiration […]

Posted in Security

Will Contactless Payments Increase Fraud Risks?

Merchants and consumers have high hopes for the upcoming switch to EMV, assuming it will reduce fraud. But as consumers search for more convenient ways to pay, new concerns have emerged about security. Contactless payments allow customers to pay without swiping a card, whether they do so through a payment-enabled mobile device or a chip-equipped […]

Posted in Security

How to Detect if a Credit Card is Stolen

Credit card fraud cost businesses $11.27 billion in 2012, according to the Nilson Report, including the cost of lost merchandise and chargeback fees. As criminals have become more sophisticated, businesses are challenged to protect themselves, catching fraud early to avoid costly losses. If businesses can learn to spot a bad credit card number from the […]

Posted in Security

What You Need to Know About Risk Acceptance

Any business that accepts credit cards accepts a certain amount of risks. Chargebacks and fraudulent activity are a natural part of doing business. There are some things businesses can do to minimize those risks, but card issuers accept a small percentage of loss as one of the costs. For some businesses, though, those risks are […]

Posted in Security

What is Data Breach Protection?

Businesses are all too aware of the risk of working in a technology-enabled world, especially with so many data breaches having made recent news. One data breach can damage the reputations of a company and its payment processors, requiring a business to spend years rebuilding trust. In some cases, businesses never recover. According to data […]

Posted in Security

Hazards of Stolen Credit Cards and How to Protect Your Business

Identity thieves create chaos, clearing out victims’ bank accounts and damaging their credit for years. More than 15 million residents fall prey to identity thieves each year with losses costing consumers and businesses more than $50 billion annually. The person with the stolen identity isn’t the only one who suffers. When a thief pays for […]

Posted in ECommerce, Mail/Phone Orders, Retail, Security, Wireless Orders