Have an iPhone and desire to run transactions from just about anywhere you go? Then this iPhone application is for you. I have included the link below, just make sure you do not get your merchant account from these guys because if you read the fine print you’ll see their rates are very high - [...]
If you haven’t watched part one of of this two part series go here to watch the first video.
The theme of part two of this series is that there is much more than just price to pay attention to when shopping for a merchant account. Watch the video and take a look at my [...]
We do write about PCI issues on this blog but by no means are we experts in this area, yet. I just ran across a blog that does specialize in this area and the authors look to be highly qualified to write about these issues. There focus is PCI DSS for higher education [...]
I just got off a conference call with authorize.net and a new client of mine. Our mission was to switch their merchant account provider within their authorize.net account. I happy to say the whole process took about five minutes and was almost painless (the hold music was brutal!).
I have previously written on this [...]
A Third Party Processor is an independent processor that is contracted with by a Acquiring Bank or Processor to conduct some part of the transaction processing process.
-Some of these Third Party Processors specialize in running and hosting networks of Point Of Sale (POS) terminals connected to their Host via dial out modem; they produce the [...]
Watch this video and save significant money on your merchant account.
About This Quickbooks Post
If you want to use QuickBooks® accounting or point of sale software you may think you have only one option for your merchant account provider. If Intuit had it’s way that would be true but thanks to some determined companies that is not the case. That means now you can use Quickbooks [...]
A Processor is the company that actually routes an Authorization Request from a Point of Sale device (such as a Verifone credit card terminal) to Visa or Master Card, and then arranges for Fund Settlement to the merchant. Such processors are traditionally accessed via direct dial out modems connecting to their system.
-Processors need to have [...]
By John Robinson, of Cocard Synergy
It’s a Pain in the You-Know-What, but Necessary.
PCI seems daunting. I’m sure you’ve heard about it. To start, it’s actually PCI DSS that we’re concerned with, and that stands for Payment Card Industry Data Security Standard. “Data Security Standard” is the key here.
Basically, the idea is to prevent identity theft. [...]
By John Robinson
It seems like everyone’s using the internet these days to run transactions. Even brick-n-mortar businesses are using web-based software with USB magnetic strip readers, making their laptops into swipe terminals.
As fantastic as that is, it can confuse even the most sophisticated internet geek when something goes awry. Who should you call?
I [...]
A downgrade occurs when a transaction fails to meet certain pre-defined criteria from Visa or MasterCard, and an additional charge is added to the discount rate for processing the transaction.
Part of my job is to review and analyze merchant account statements from various businesses around he country. When ever I see the categories of “mid qual” and “non-qual” I get a big smile on my face because I know my potential client is being taken advantage of.
Here is how these tiers work to [...]
