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Glossary of Common U. S. Electronic Payments and Merchant Services Terms
A ACH transaction: Either a direct deposit or direct payment transaction processed via the Automated Clearing House (ACH). A direct deposit is the deposit of funds for payroll, employee expense reimbursement, government benefits, tax and other refunds, and annuities and … Continue reading
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PAYMENT OPTIONS REFERRAL PARTNERS PROGRAM
The Payment Options Referral Partners Program offers a simple and easy way for you to add value to your existing services, to leverage your existing client base and professional networks, and to create a significant, new income stream. … Continue reading
Posted in eCommerce, Electronic payments, Merchant services, Mobile payments, On-line payments, Referral Partners Comments Off on PAYMENT OPTIONS REFERRAL PARTNERS PROGRAM
MERCHANT ACCOUNT UNDERWRITING 101
In order for businesses to accept credit card, debit card, and related forms of payments, a merchant account is required. Some merchants attempt to arrange merchant accounts for their organizations with little knowledge of the process and issues addressed in … Continue reading
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HOW TO FIND THE RIGHT MERCHANT SERVICES FIRM
So you’re setting up an eCommerce site or mobile payments, or opening a retail store or B2B operation, and you’re looking for a merchant services provider to set you up to accept electronic payments. Or maybe you’re … Continue reading
Posted in eCommerce, Electronic payments, Merchant services, On-line payments, Project planning Comments Off on HOW TO FIND THE RIGHT MERCHANT SERVICES FIRM
A SYSTEMS APPROACH TO ORGANIZATIONAL CHANGE
Are you considering how to go about improving organizational performance? In Change-Agent Skills B: Managing Innovation & Change, Gerald Egan encourages each employee to be a change agent and recommends a three-pronged approach: Assess the current scenario How well is … Continue reading
Posted in Organizational change, Project planning, SDLC Tagged a/r processing, accounts receivable, b2b card payments, electronic payments Comments Off on A SYSTEMS APPROACH TO ORGANIZATIONAL CHANGE
Fighting Payments Fraud
CARD NUMBERS: protect them or…! Who isn’t concerned these days and cautious about identify theft and misuse of payment card account numbers? In 2016, 15.4 million consumers lost $16 billion; up from $15.3 billion lost by 13.1 million consumers in … Continue reading
Posted in Electronic payments, Fraud prevention, Identity theft Tagged ecommerce fraud, identity theft, payment card fraud, payments fraud Comments Off on Fighting Payments Fraud
HOW TO ACCEPT eCOMMERCE PAYMENTS ON-LINE
Accepting eCommerce payments on-line can be arranged by integrating an eCommerce shopping cart with an Internet payment gateway in conjunction with an eCommerce merchant account, and applying appropriate data security standards. According to PYMNTS.com, less than one third of new … Continue reading
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WANT THE FACTS ABOUT CHIP CARDS?
Learn what chip cards are, why consumers are getting them, how to accept them them and more at www.GoChipCard.com/merchant. Official site for U.S. chip card information Chip Cards are here in the U.S.! GOCHIPCARD.COM
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EMV: ARE YOU IN THE GAME?
EMV MERCHANT LIABILITY AND EMV USAGE Are you up-to-date on current issues affecting the implementation of EMV technology used in accepting card payments? Are you aware, for example, that liability … Continue reading
Posted in Fraud prevention Tagged EMV, financial liability shift, payment card fraud, payments fraud Comments Off on EMV: ARE YOU IN THE GAME?
EMV: IMPLEMENTING A MORE SECURE PAYMENTS SYSTEM
“If you want total security, go to prison.” – Dwight D. Eisenhower ACTION—REACTION The shift of financial liability to merchants for those fraudulent POS card-present transactions not processed via EMV-enabled equipment will occur October 1, 2015. As … Continue reading
Posted in Fraud prevention, Project planning Tagged a/r processing, accounts receivable, electronic payments, EMV, financial liability shift, liability shift, payment card fraud, payments fraud Comments Off on EMV: IMPLEMENTING A MORE SECURE PAYMENTS SYSTEM