Use the Address Verification System (AVS) to Help Prevent Fraud
Payment systems have gotten much more complicated in the last 20 years. This will continue to happen as fraud prevention tools are becoming more sophisticated and complex. One fraud prevention tool that is important for all credit card transactions is AVS. AVS stands for Address Verification System. The card brands (Visa, MasterCard and Discover) require […]
5 Pitfalls to Avoid When Looking for Credit Card Processing
There are so many things to think about when owning a business. Payments are the most important part of a business and payment systems are often overlooked. Accepting payments is how your business will stay in business and should not be set up as if you are setting up a utility. Payments systems should be […]
What Is a High Risk Merchant Account? | EMSpayments
By Julie Franke, CPP Business owners are often surprised to hear that a High Risk Merchant account is required for certain types of businesses. Your processor will determine whether you fall into one of their high-risk categories when you apply for a merchant account. Either you are high-risk, or you are not – there is […]
Restaurant Payment Processing
With a solution set developed specifically for the restaurant sector, it’s no wonder Electronic Merchant Services (EMS) is the provider of choice across the hospitality industry. We understand the processing requirements of national chains, franchises and independent ownership. Our investments in restaurant specific applications and features have helped many food and beverage organizations optimize their […]
How to Protect Your Business and Win at Chargebacks
Chargebacks can have big financial consequences for merchants. In fact, penalties and fees are often charged by banks and card companies in order to persuade merchants to limit their chargeback frequency. And while a merchant who has a chargeback rate of greater than 1% of transactions can seem risky to banks, chargebacks are simply a […]
Do You Really Need a Merchant Account?
The Statistics According to the U.S. Census Bureau, there will be a projected 181 million credit card holders living in the country this year. That’s over half the population. I could get into even more detail about the numbers, but it’s pretty obvious that if you don’t allow your customers to pay with credit cards, […]