In this day and age, accepting credit cards is a necessity for your business. But accepting credit cards means accepting the unique challenges and risks that accompany them. Keep reading for our top 5 security risks in credit card payments (and how to protect your...
In 2017, Hedges & Company reported a 16% increase in online auto parts sales, putting e-commerce on track to outpace brick and mortar sales. And this trend isn’t just impacting certain transactions – e-commerce sales are up for both B2B and B2C markets. If you...
A B2B (business-to-business) transaction is any sale where your customer is a business instead of an individual. Traditionally, B2B transactions were the territory of paper invoices and handwritten checks, but the convenience of credit cards is changing that. What do you need to know about...
PCI DSS is a set of standards created to ensure safe credit card handling practices. Learn how to become PCI compliant, and avoid unnecessary fines....
According to a recent survey, 62% of small businesses storing customer credit card and banking information on cloud storage say they do not follow industry regulations to secure their cloud storage. That is an alarming number. ...
Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.” ...
The payments industry has been under increasing scrutiny from federal and state regulators in the past few years to implement appropriate risk monitoring and compliance policies and procedures. As VARs, gateways, and ISVs seek to expand into traditional payments areas, they must understand the risks...
Mastercard is taking that notion of biometrics, plastic cards and payments to a different level with the announcement of a next generation biometric card that combines EMV chip technology with a fingerprint reader on the front of the card to authenticate the identity of a...
Paying with a credit card today may mean dipping your card in the EMV reader, twiddling your thumbs, then yanking out the card when the machine beeps/dings/honks. Or maybe you still swipe your card through a magnetic-stripe reader. But soon you might be able to...
Does your business process credit cards and/or debit cards through a website shopping cart? That type of transaction is referred to as “card not present," and contains the most risk for you as a business owner. To help minimize your risk for these...
No business owner wants a credit card Chargeback. But, they can happen. Let BASYS help you, as the owner or manager of a business, to understand Chargebacks, and provide 6 tips to reduce your risk of credit card Chargebacks....
Choosing a credit card processor for your business is an extremely important decision. After all, they are handling YOUR money. What can you investigate in the due diligence process to ensure a credit card processor can deliver on those high expectations? Here...
EMV has been all the rage in the credit card industry for some time now. Let’s step away from the overly-complex play-by-play of a standard EMV transaction and talk about what is important: where EMV came from, how it works, and how it...
In the payment processing industry, technology and security are always important topics. Tokenization falls under both, and is therefore incredibly important. What is tokenization, and why does it matter to your business?...
The Visa Small Merchant Security Program issued new QIR requirements effective Jan 31, 2017. As a business owner, this is what YOU need know....