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MasterCard Revisits Transaction Processing Rules Around Card Validation

MasterCard Revisits Transaction Processing Rules Around Card Validation

All four card brands (Visa, MasterCard, Discover and Amex) provide written rules and regulations for processing their cards to ensure sound business for all. MasterCard recently changed its standards around determining card validity at checkout. MasterCard Processing Rules In its most recent transaction processing rules, which were published on June 1, 2017, MasterCard required businesses to take steps to validate the authenticity of a card at checkout. The steps are as follows: Check the valid date and the expiration date on the front of the card. If the card is expired or not yet valid, obtain an authorization from the…

How Dr. Hrach Obtained Premier Merchant Services for Medical Offices

How Dr. Hrach Obtained Premier Merchant Services for Medical Offices

It can be challenging to manage patient payments, especially if you operate a membership or concierge model for your medical practice. Dr. Barbara Hrach is an internal physician with more than 20 years of experience. When shopping for a payment processing provider that could accommodate both her concierge model as well as her associate’s fee-for-service model, PayJunction stood out as a provider that could integrate both practice models. Along with maintaining its versatility, Dr. Hrach’s practice gained a wealth of payment features that boosted efficiency for her office manager, Jeneva Escalera, and gave her better insights into her…

Small Business Insurance: 3 Policies to Consider

Small Business Insurance: 3 Policies to Consider

New businesses have many options when it comes to collecting money for their goods or services. In a nutshell, the job of a small business insurance broker is to help these business owners protect as much of that money as possible. Unfortunately, many business owners elect to cut corners on their small business insurance policies and hope that they do not face a loss or a claim while uninsured. However, just one liability claim often means tens of thousands of dollars in litigation and settlement costs, and most new businesses simply don't have the resources to deal with such unexpected…

Are You Paying the Lowest Possible Debit Card Fees?

Are You Paying the Lowest Possible Debit Card Fees?

You may sometimes wonder if the payments industry has your best interest in mind. At PayJunction, we believe in ethical billing, as we’ve outlined in our ongoing unethical billing series. Our goal is to educate the business community about unfair billing practices. In installment 16 of this series, we will expose how some payment providers are not passing on the savings Congress legislated to benefit businesses like yours. A Refresher on The Durbin Amendment The Interchange cost of any transaction is typically proportional to the level of risk associated with it. Since card-present debit transactions verify sufficient funds during…

The 4 Things Successful Brick and Mortar Stores Do Differently

The 4 Things Successful Brick and Mortar Stores Do Differently

Can brick and mortar stores thrive in a digital age? Definitely – provided they know how to make themselves stand out. Focus Website on Local Traffic Search almost anything on Google, and you’ll end up with hundreds of thousands, even millions, of results. How is a small business owner supposed to feel optimistic about ever getting to the top page? The secret of Internet success is that you don’t need to conquer the global market to see results. In many cases, brick and mortar stores can benefit by focusing on their local community. Almost three-quarters of users who do…