EMV is a lot like a new puppy. It has the best intentions, wants to protect you, and show you how much it loves you. However, since it is new to this world it tends to just get in your way at first.
While EMV has been around for a while, it is very new here in the US, and can be very confusing for consumers, merchants, and processors alike.
Are you interested in saving time and money when it comes to your credit card processing solution for Sage 300?
Looking for more flexible rates and clearer transparency in your monthly merchant statements?
Join us on February 24th at 2pm ET to see this brand new integration for Sage 300 which can provide everything you are looking for!
As a small to mid-sized business, accepting credit cards is paramount to your company success. Behind the scenes of accepting credit cards and keeping track of your inventory and/or services, you need a variety of solutions to run your business. A key aspect of accepting credit cards is selecting which credit card processing solution you should use.
Credit card processing fees can be difficult to decipher if you don’t have a consultant to help. Most merchants pay anywhere from 1.90%-4.30% depending on what cards they accept, whether the card is accepted via swipe, keyed-in, or eCommerce, and how much profit margin the processor has built in. Since processing fees have become difficult for most business owners to understand, flat rate processing fees have gained popularity in recent years.
As a reseller or business advisor, you very likely have clients in the retail and wholesale manufacturing space who, as part of their everyday business processes, accept credit cards. Each month merchants receive their statements showing numerous fees and one large payment deduction. Many of these merchants admit to being confused over their monthly statements, and even more simply don’t take the time to review them. If this describes you or your clients you could be wasting a lot of money each month.
Internet and mobile sales continue to grow in popularity among shoppers and profitability for retailers. Last year, online sales in the U.S. topped $307 billion. The lucrative internet marketplace has also led to more online crime. Recent cyberattacks on U.S. businesses, which affected such titans of industry as Target, JPMorgan Chase, Home Depot and Premera, has Congress scrambling to craft laws to protect businesses and consumers against data breaches. And in 2014, businesses lost an estimated $3.5 trillion globally from retail fraud. Online sellers took the biggest hit, according to LexisNexis, primarily due to losses from card-not-present (CNP) credit card processing transactions.
To cut down on card fraud, banks and credit card issuers are
PCCharge has been providing a much needed service for ERP End-Users throughout the greater part of a decade, offering an on-site integrated credit card processing solution. The problem however is their solution is extremely vulnerable to hackers. The credit card data is not tokenized or stored in a vault and once a hacker gets access to the local server. Well at that point all the data is readily available for the taking.
