No Signature Required
Change in Card Brand Signature Requirements Took Effect As of April 14, 2018, the requirement for obtaining a signature on in-store sales transactions is now optional with Visa®, MasterCard®, Discover® and American Express® in the U.S. and Canada. (Discover and American Express also include other countries such as Mexico and the Caribbean.) However, Visa’s elimination […]
5 Ways to Reduce Everyday Business Data Security Risks
As a business owner are you keeping an eye on everyday data security risks? Running a small to medium size business means your customers probably have a never-ending to-do list, and it’s easy to let payment data security fall to the bottom of it. Businesses that keep data security practices up to date and top […]
Safe-T in Business – Deepening Data Safeguards
Whether businesses are prepared or not, data breaches happen. There were 1,080 breaches involving a total of 1.7 billion records exposed between January to October 2017. Regardless of size or transaction volume, any business that processes payments at a point of sale or online is at risk of a data breach. In fact, according to […]
Wireless Payment Processing
Today’s point-of-sale credit card processing is all about high-tech options, and TransFirst® really delivers, especially when it comes to wireless solutions. Wireless credit card processing enables merchants and service providers to accept payment cards wherever they do business. If you sell (or want to) at outdoor venues, sporting events, kiosks, food carts, open markets, customers’ […]
Accounts Payable: Everything You Need to Know to Streamline Your Business’s Payments
Remember how those entrepreneurs on TV often quip that “it takes money to make money?” Well, they’re right—at least in part. No matter what kind of business you’re in, you’re likely paying someone for something in order to keep your business running. Put together, all those costs and expenses—most specifically the ones purchased on credit—create […]
The Small Business Owner’s Guide to Choosing the Right Ecommerce Platform
Be prepared when you start to build your ecommerce website. Fastly error: unknown domain: player.ooyala.com. Please check that this domain has been added to a service. Details: cache-sin-wsss1830047-SIN (151.101.2.27) Wendy and Walter, a recently married couple from Wyoming, are enjoying home roasted coffee on a Saturday morning. Wendy gets a notification on her phone and […]
Electronic Payment Systems Moving Beyond Cash, Checks
As you start your small business, you put a lot of thought into what to charge for your products or services. But you might not spend as much time considering how you’ll get paid. With studies showing an increase in the use of credit cards for payment, it’s wise to accept credit, debit and prepaid […]
Fighting Back: How E-Retailers Can Take Chargeback Prevention Into Their Own Hands
Credit card chargebacks — when customers contact their credit card issuers to dispute charges and have their money returned — have risen by more than 20% over the last year, and are hitting smaller merchants — both brick and mortar and E-retailers — the hardest. The cost of paying for fraudulent or disputed credit card […]
Here’s why US EMV could be poised to rise in 2017
This story was delivered to BI Intelligence “Payments Briefing” subscribers. In its monthly EMV update, Visa announced that chip-enabled merchants now account for 46% of the company’s in-store payment volume. The firm also saw over 800 million chip-on-chip transactions in November, up 359% year-over-year (YoY). The numbers point to rising EMV penetration across the US, […]
Mobile Payments Take a Click, but Processing Takes Days
If Google’s search engine started keeping bankers hours, people might take to the streets with pitchforks and torches. But a digital payment that takes over 72 hours to clear because you placed it on a Friday night? In the U.S., that’s the status quo. At Bank of America, mobile payments take at least one business […]