5 Tips on How to Spot Credit Card Fraud
If you are taking payments card-not-present transactions in your business, either over the phone or through your online shopping cart, you have likely experience credit card fraud. Over 80% of fraud happen in card-not-present situations. In some business models, this is the only way to take payments, so how do you protect yourself? As a […]
10 Tips for Data Security in Your Business
The business landscape has changed dramatically over the last few weeks. More and more businesses are moving to online formats, even if just temporarily. This will bring more fraud. When you are a business owner, the buck stops with you. It is your responsibility to protect our customer’s data as well as our own system’s […]
PCI Compliance – How Is Your Business at Risk?
Most business owners have heard that PCI Compliance is important. They know they may pay a fee if compliance is not completed annually. But, do you know what is really at stake? It is cardholder data (credit card data) that is at stake. Not just your customers data, but your data as well. Just as […]
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 […]
Tackling Merchant Data “Insecurities”
Among both brick-and-mortar and online businesses, security plays an important role in selecting payment solutions. The rise in data breaches and the desire to avoid associated risks is driving these security concerns. But their goals aren’t just to protect their businesses. They also want to provide a higher level of service to their customers. Online […]
EMVCo Reports 6.1 Billion EMV Chip Payment Cards in Global Circulation
Latest figures highlight progression of EMV chip card issuance and increase in EMV chip-based transaction volumes to more than half of all card-present payments WASHINGTON, D.C. (June 4, 2017) — Official figures of aggregated data published by technical body EMVCo show that by the end of 2016, the number of EMV® payment cards in global […]
Should PCI Compliance Keep You Up At Night?
Why should PCI compliance and security be a top priority? Despite the ongoing advances in point-of-sale systems and technologies, data breaches remain a very real threat to the average small and medium sized business (SMB). That’s because SMB owners often place their full trust in the technology solution to protect them. In reality, all businesses […]
Understanding PCI Compliance
What is PCI Compliance? Payment Card Industry Data Security Standard (PCI DSS) is the set of rules established by the Payment Card Industry to protect cardholder information. The requirements ensure that companies with a Merchant ID (MID) store, transmit and track credit card information securely. PCI DSS is administered and managed by the Payment Card […]
Cyber Security Update
Just as the United States Department of Defense released its DoD Strategy for Operating in Cyberspace (DSOC), new information from law enforcement agencies revealed new and more involved cyber crimes. The DSOC is the first official and comprehensive strategy for protecting the nation’s military, intelligence and business operations, including the financial payments industry, Deputy Secretary […]
