Category: Credit Card Processing


Credit Card Processing, Security and PCI Compliance

Fighting Fraud with Machine Learning

Ben Dwyer
by Ben Dwyer

There are several good techniques for fighting fraud, including biometrics and multi-factor authentication, but alone, they aren’t enough. Instead, payment providers and the card networks need to dig into the vast amount of payment information that’s produced every day to find patterns that indicate likely fraudulent activities. They can then use this data to find […]

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Fraud remains a thorn in the side of businesses, credit card processors, and customers. In fact, credit card fraud created losses in the billions every year.

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Credit Card Processing, News

Should Your Business Go Cashless?

Ben Dwyer
by Ben Dwyer

The use of cash as the de facto payment option is shrinking, and nearly 40% of Americans favor going completely cash-free. Then, in the summer of 2017, Visa stepped up a “war on cash” by offering businesses money to go cashless. If you run a business, it’s almost inevitable that much of your sales are […]

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The way we pay for things is changing. The wide availability of credit cards, debit cards, contactless payments, and online shopping has transformed our payment options.

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Credit Card Processing

Mastercard and Visa Limited Acceptance Programs

Ben Dwyer
by Ben Dwyer

Let’s take a look at what you’ll need to do if you want to accept only one type of card. What is Visa Limited Acceptance? Mastercard Acceptance Factors to Consider Cost Savings Customers’ Payment Preferences Competitors’ Card Acceptance Surcharging Rules Accepting Debit Cards Only Accepting Credit Cards Only Possible Drawbacks For Debit Only For Credit […]

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As a small business owner, you may wonder if you can accept only debit cards or only credit cards. The short answer is yes, but there are rules you’ll need to follow and considerations before making that decision.

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Credit Card Processing

Saving Money with Interchange Optimization

Ben Dwyer
by Ben Dwyer

For most businesses, the problem with ensuring optimal interchange is that it’s confusing, and your processor has no incentive to assist you. The time needed to learn the ins and outs of interchange in order to ensure you’re properly optimized is significant, and since the savings only benefit you, not your processor, you’re usually on […]

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Interchange optimization goes beyond the basics of credit card processing. It’s about making sure that your interchange charges (the fees going to the banks that issue credit cards) are optimal for your business and that you’re avoiding downgrades.

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Credit Card Processing, Security and PCI Compliance

Biometrics for Payment Security

Ben Dwyer
by Ben Dwyer

Credit and debit card fraud cause losses in the billions. Anything that can reduce the impact of fraud will significantly improve confidence throughout the payments marketplace and save businesses money. One potential way to fight fraud is through the use of biometrics — your uniquely identifying personal features like fingerprints, voice, face, or eyes. Let’s […]

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One of the main issues in the payments industry is how to combat fraud. Although fraud impacts less than 1% of all transactions by some estimates, it’s still a major concern for consumers, banks, card networks, and businesses.

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Credit Card Processing

Instant Payments – Changes are Coming

Ben Dwyer
by Ben Dwyer

We expect money transfers between buyers and sellers to take days, not minutes. But is that reasonable in a world where so much of what we do is instant? When we can get customer support, social media updates, responses, or communications within moments of our requests, why do payments take so long? Fortunately, this could […]

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The world of payments and processing does not evolve quickly. While we’ve seen recent technological improvements through EMV chip cards and NFC/contactless payment methods, other parts of the payment processing ecosystem are slower to change.

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Credit Card Processing, Legal

Wells Fargo Merchant Services Lawsuit

Ben Dwyer
by Ben Dwyer

Let’s take a look at what the lawsuit claims and what you can do if you process credit cards through Wells Fargo Merchant Services. Wells Fargo Lawsuit Wells Fargo’s Response First Data’s Role Does this affect you? What to Look For Tiered Pricing Excessive Bundled Rates Billback Pricing Interchange Clearing Fee Excessive Interchange Markup Equipment […]

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In the latest accusation against Wells Fargo, the company’s merchant services division is facing a lawsuit that alleges misleading sales tactics, expensive cancellation fees, and overbilling, including mislabeling some of its own fees as interchange.

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Credit Card Processing, Medical and Dental

Carestream Dental Review – Practice Management Software

Ben Dwyer
by Ben Dwyer

One way that dental practices can become more efficient is through using good dental practice management software. Carestream Dental provides several dental practice management solutions. In this review, we’ll take a look at some of the options, explore features and functionality, and help you decide if it’s a good fit for your dental practice. Carestream […]

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With corporate dentistry becoming a threat to smaller dental practices, the need to optimize administration and effectively manage dental procedures has never been more important.

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