It’s been a very busy year of travel for the team here, and we are excited to tour Canada this November with one of our great partners, BAASS Business Solutions. The BASS Connect 2017 tour includes several stops along the way, including London (November 14th), Burlington (November 15th), Thornhill (November 16th), and finished in Vancouver on November 30th.

Credit card processing transactions are processed in one of two ways, batch or real time.  The method selected is determined by the company accepting payments and the environment where credit card transactions are processed.

Multicurrency billing is one of the strongest differentiating factors between SAP Business One and other leading mid-market ERP systems.  To maintain this strong differentiating feature, SAP Business One credit card processing functionality MUST enable users to accept accounts receivable payments in multiple currencies.

International companies who need the ability to process payments in multiple currencies will be able to do so using American Payment Solutions credit card processing SAP B1 integration. APS also allows this feature through a single database, using a single gateway, which simplifies this process regardless of your native currency.

Why it's important to use Acumatica level 3 processing when accepting credit card payments

It is incredibly easy these days to set-up a new business to accept electronic payments.  Companies can subscribe to an online entry level accounting package like QuickBooks or Sage 50 and be up and running collecting payments the same day.

Secure Acumatica Credit Card Processing for eCommerce Customers

Consumers today are more demanding than ever before. For merchants to compete online it is important to offer a secure, convenient, intuitive, online shopping experience.  It is equally important for the businesses taking those orders to automate the process with a tightly integrated solution to avoid human error and duplicate data entry.  Acumatica is the fastest growing Cloud ERP platform available today.  Kensium, is a leading Acumatica eCommerce certified integration partner.  American Payment Solutions is a leading Acumatica certified credit card processing integration partner.  

 PC Charge is discontinued middle ware that is no longer supported. It stores credit card information on the local server.  For this reason, it is possible the local server can be hacked, compromising the credit card data.  If you are still using this discontinued solution you should be looking for PC Charge alternatives. Companies using PC Charge may be held accountable for any credit card data theft in the case of a data breach.

In 2015, Verifone announced the retirement of PC Charge. Since it is no longer supported, users are not able to validate PCI DSS compliance.  In order to validate PCI DSS compliance you must find a PCI DSS compliant solution.  We receive many calls from companies exploring options to PC Charge.  If you are looking for a credit card processing replacement, you have come to the right place!   

Payment Card Industry Data Security Standards (PCI DSS) were first introduced in 2004 and have tightened ever since.  The standard was created to increase controls and reduce credit card fraud.  In short, PCI compliance is a set of industry standards used to measure the security of businesses that accept, process, store, and transmit credit card information. If a company is PCI compliant they are less likely suffer data breaches that could expose customers to identify theft. If a company has a merchant ID and accepts credit cards in either their physical or virtual business, then they are subject to PCI DSS industry standards. . It is important to find a credit card processing solution that is PCI compliant. 

PCI Compliant Acumatica Credit Card Processing: How to Protect Your Customers From Data Compromise

If you are using Acumatica Cloud ERP and processing credit cards for accounts receivable you are responsible for using a PCI compliant Acumatica credit card processing solution that adheres to the Payment Card Industry Data Security Standards (PCIDSS).

Companies who store, process or transmit cardholder data must be PCI compliant.  In order to be PCI compliant, companies must follow 12 basic security requirements as follows:^[1]

^{PCI Compliance Requirements}

1. Install and maintain a working firewall to protect data
2. Keep security patches-up-to-date
3. Protect stored data
4. Encrypt data sent across public networks
5. Use and regularly update anti-virus software
6. Restrict access by "need to know"
7. Assign unique ID to each person with computer access
8. Create unique passwords and security parameters
9. Track all access to data by unique ID
10. Regularly test security systems and processes 
11. Implement and maintain an information security policy
12. Restrict physical access to data

4 PCI Compliance Levels

The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to protect customer credit card data by maintaining a secure credit card processing environment.  Businesses that are not PCI compliant may be subject to fines, sanctions, and loss of privileges from the clearinghouse that processes credit card payments.  Businesses that fail to protect customer data can also be subject to lawsuits and governmental prosecution.

Sage 300: How to Reduce Canadian Merchant Account Fees 

Canada is a great place to grow your business.  The federal government offers start-up facilities and various programs to nurture the growth of business. Despite the governments help, small and mid sized businesses face many challenges to keep their business afloat.  For example, the fees associated with a Canadian merchant account can quickly add up for businesses processing credit card transactions.