Switching merchant services providers may seem like a hassle if you are switching to save money it’s worth it and your new provider should make it as painless as possible. However, there a few important items to consider when making the switch. Credit card processing is a commodity, companies usually switch for a few main reasons; to get better rates, enhanced integration, superior support and/or to ensure PCI compliance.
New research from Kaspersky Lab shows that the average cost to small-to-medium sizes businesses in the United States and Canada has reached record highs.
The company found that data breaches now exceed $140,000 for SMBs (up 36% from 2017). Most of the cost comes from the need to quickly upgrade infrastructure and software, but there are hefty fines if the data that was compromised included credit card data. For enterprise companies, the costs are even greater, with the average data breach cost being $1.75 million on average.
Sage 100 users now have the ability to get invoices paid almost as fast as their invoices are printed. It’s like adding a 24 hour a day collection agent to your staff. Customers demand convenience especially when it comes to paying for your products and services. ClickToPay is designed to help companies get paid faster for the products and services they offer. ClickToPay is a simple and secure credit card processing payment feature enabling your customers to pay invoices with the click of a button. Invoices are paid and processed online, anytime. It is super easy to set up in Sage 100 and also easy for your customers to use. Sage 100 users can rest assured that this automated process is PCI compliant and your customers information is secure.
If you are a Sage 100 end user, you’ve probably learned that card present transactions aren’t the easiest payments to process through your ERP. For years, USB Swipers have been the only way to process transactions in a card present environment, unless you want to purchase a full-scale point of sale, which can be very costly in the ERP space. USB Swipers do not have the ability to process transactions using the EMV-embedded chips, which have been a standard since 2016 in the USA.
If you understand that “change is the only constant in life,” then it’s no surprise Visa introduced the new Visa Claims Resolution (VCR) on April 15, 2018 to simplify the credit card processing chargeback process. In business, change is often painful but required to adapt to the rising cost of doing business. Merchants are now figuring out how to adjust to this recent change that Visa made to the rules. We hope this blog helps assist you in your transition to the new rules in handling Visa credit card processing chargeback disputes and the new time-frames allowed to process those disputes.
There is no easier way to become PCI Compliant than working with the experts at APS Payments. Back in the old days, criminals would rob banks and trains full of cold hard cash. These days, criminals try to steal credit and payment card data from exposed networks among other modern-day tactics that leave companies and card holders vulnerable. They are constantly searching for victims. Thankfully, the Payment Card Industry Data Security Standard (PCI DSS) was developed in accordance to credit card processing PCI Compliance standards with several layers of protection against theft. Here are 12 steps you can take to protect your cardholder data and facilitate the broad adoption of consistent data security measures on a global scale.
Processing a partial down payment or splitting a bill among several credit cards on an order may seem like a hassle if you don’t do it every day. If you’re in the business of making it convenient for your customers to do business with you, then you’ll most likely encounter one or both of these requests often. In fact, one of the most popular questions our Acumatica integrated payments customers ask is, “How do I apply a down payment or a split payment to an Acumatica sales order?’ Click below to watch a video with step by step instructions for processing split payments and down payments.
Have you noticed any PCI compliance fees on your merchant statements? Unexpected and hidden fees are a risk for any business processing credit cards and there are ways to eliminate or reduce them with a little extra diligence. If you’ve been processing credit cards for the last few months or years, the topic PCI compliance has probably surfaced. Credit card processing statements are already confusing and many merchants aren’t sure how to pass the grade with PCI compliance.
With so many payment processors, it can be tough to find the one that best suits your Canadian merchant account business before you make the switch. However, it’s vital to make sure that your payment processor aligns with your business needs. Here are several reasons to consider using North American Payment Solutions for your Canadian payment processing needs:
Our team works diligently to help keep our merchants’ data safe. For merchant processors, this means we need to ensure all our customers are following the PCI-DSS Regulations.
PCI compliance security standards are technical and operational requirements set by the PCI Security Standards Council (PCI SSC) to protect cardholder data. The standards apply to all entities that store, process or transmit cardholder data – with guidance for software developers and manufacturers of applications and devices used in those transactions. The Council is responsible for managing the security standards, while compliance with the PCI set of standards is enforced by the founding members of the Council, American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc.
