10|2024
Did your business accept credit cards between January 2004 and January 2019? Keep reading to find out if you qualify for this class action settlement. Frequently Asked Questions What is the Visa/Mastercard Interchange Fee Settlement Recovery? A lawsuit was filed that claimed merchants paid excessive interchange or swipe fees for accepting Visa and Mastercard payments… Read more »
10|2021
What is PCI Compliance? PCI stands for Payment Card Industry. PCI standards were developed by the major card brands as a way to address potential vulnerabilities and guide organizations to maintain the integrity of cardholder data. All merchants are required to be compliant in order to accept credit cards. Why is PCI Compliance Important? PCI… Read more »
09|2021
PIN (personal identification number) debit is a debit transaction that’s routed through the debit network instead of the credit network. Debit transactions typically offer higher security and lower costs for merchants, but what is the difference between PIN and signature, and why does it matter? Signature Debit Signature debit is a debit transaction that’s being… Read more »
06|2017
At CardConnect Paradise we are always working to bring you the broadest and most innovative range of payment options to grow your business and maximize your revenue. We are pleased to introduce the Commercial Card Interchange Service, designed to save you money by reducing the interchange fees you pay on select Commercial Card Transactions. To… Read more »
10|2016
The National Institute of Standards and Technology (NIST) has determined that Secure Hash Algorithm (SHA) 128 encryption no longer meets sufficient security standards. By year end all merchants’ systems/solutions/POS devices operating with SHA-1 certificates will no longer be able to process. Subsets of your clients have been identified as having a terminal/software that is set… Read more »
10|2014
1. What is Apple Pay™? What does it mean to merchants and their customers? With the new iPhone® 6 release, Apple® is poised to accelerate the growth of mobile commerce and catalyze the “card-less” environment in an unparalleled manner. It provides a digital “wallet” in the device, in which consumers can store payment options that… Read more »
02|2014
Electronic check conversion is a process in which your check is used as a source of information, for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account, an electronic fund transfer. The check itself is not… Read more »
02|2014
Stay away from a High Risk Merchant Account. There are many merchant account service providers around and you need to settle for the best one. The underlying principle is not to settle for less than what you need and not to allow service providers to give you more than you want. This will help you… Read more »
01|2014
Here we need to have a basic understanding of what Third party credit card processing is and what it implies. Why do we need these third parties? We all know that a key to online business and e trade or ecommerce is accepting cards as a mode of payment. Without this it is very difficult to… Read more »
01|2014
Before any business can trade online they must have the ability to accept payments through credit cards for their goods and services, they must first have fully functioning web site. Merchants should then apply for a merchant account. In order to accept credit cards at your online store, you need to have a merchant account… Read more »
