Just as sure as spring weather and flowers are blooming, it’s time you may be “hosed” by your credit card processing service provider. This is because it is the time of year the card brands release and adjust the interchange fee schedule. When this happens, many of the credit card processing companies will use this as an excuse to adjust their fees.
0 Comments
In the aftermath of the EMV liability shift, the major trend in payment security has been the migration of fraud from card-present situations to the online world. EMV technology has been very effective at fighting card-present fraud, and as a result nearly every store that has adopted EMV has seen plummets in fraud. As overall EMV adoption increases, fraud decreases.
As a buiness that accepts credit cards, never ask for a credit card number to be emailed. If you provide a form for a customer to complete, you should state very clearly that full credit card numbers and expiration dates should never be emailed on the form. Also this applies to this same info left on voice mail. This is for the security of credit card data of your customer and for your business to adhere to PCI Complaince per the card brands.
Let us know if you have questions about this or if we can be of service to your business in the area of credit card processing or Point of Sale Systems. Call 904-567-8612 New Customer Feed Back, “Ray, it went really really well. It was easier than anybody thought and it went faster than we could believe. Thanks so much for your help.”
This a mobile business and they needed help as the current system wasn’t working well and they had little customer support. We solve problems! Give us a call with your credit card processing problems! 904-567-8612 You might find this of interest:
News First Data Stats Reveal Hurricane-Induced Whipsawing of Consumer Spending September 14, 2017 By Jim Daly @DTPaymentNews One advantage in providing merchant-acquiring services to 3.6 million U.S. locations is that First Data Corp. has a unique read on how major disasters such as hurricanes affect consumer spending. Statistics from the Atlanta-based processor show that spending spiked in the Miami area just before Hurricane Irma made landfall in Florida Sept. 10, then plunged 57% from year earlier levels. Five Reasons Why You Should Not Use Your Bank for Credit Card Processing
Although it may seem appropriate to seek services from the bank where you have your business account, this would not be true for your credit card processing. For example, a company that is a loyal customer to a bank may receive better terms on a bank loan when they apply for the loan through their own bank. But when it comes to your credit card processing this is the exception. You should look outside of the bank for better processing options. Many years ago before the internet, the old “ma bell” phones and the phone lines operated on sending/reading pulses. With the advent of the internet a new system has come to the market called voice over internet or VOIP. Today most if not all phone system uses VOIP or Digital Phone lines. If not in your office / business, but at the switching stations.
If your business has a website that takes credit cards, beware of a fraud that is increasing. Non-profit businesses are more at risk because the obstacles to prevent the fraud are normally not used.
We receive the News Leader and we always enjoy reading “Keffer’s Corner”. A recent edition (News Leader April 14th Keffer’s Corner) struck a chord with me, because I have recently been addressing this same subject. I must admit Mr. Keffer does a better job with this subject.
While he is addressing more on a retail side and we are more business to business, the theory is the same. Support & shop local. Support your local vendor. Give them the opportunity, look at what they have to offer. He calls it “economic recycling”. He also states the sales dollars go back into the community. With the revenue we generate from our business supported by local businesses, allows us to have income to spend locally. When we eat at the local restaurants, purchase groceries locally, have our car washed, buy gas, and hire a handy man for projects at our home. All of these purchases and more help us all, because these people that work at these establishments, will take their dollars, can and will end up at your business. This is derived partly because of support from your business supporting our business. Again economic recycling. Shop local and Vend Local. A copy of the article is available should you care to read it in it’s entirely. Another example of a junk fee that you may be charged on your credit card processing account. Read your statements. Let us help you and we will eliminate the junk fees.
If you have questions about this subject or other concerns related to Point of Sales Systems or credit card processing, contact us anytime via email info@firstcoastpayments.com or call us at 904-567-8612 |
First Coast PAYMENTS BLOGWe eliminate the junk fees others charge. Archives
February 2024
Categories
All
|