All Posts by Christina Lavingia

How MCC and SIC Codes Impact Credit Card Processing

How MCC and SIC Codes Impact Credit Card Processing

It’s no surprise that there are various types of businesses. However, you might not know that there’s a formal classification system for businesses that can impact their credit card processing. Businesses are mapped to their respective industries through an Standard Industrial Classification Code (SIC) and Merchant Category Code (MCC). SIC codes are managed by the U.S. Department of Commerce and used by the IRS and processing banks, while MCC codes are issued by the credit card brands (Visa, MasterCard, Discover and Amex). While these four-digit numbers sometimes overlap and sometimes differ, they both categorize a business by…

How to Automate Recurring Billing With PayJunction

How to Automate Recurring Billing With PayJunction

Welcome to PJ University, where we teach you how to use PayJunction like a pro. Today’s lesson is how to set up recurring payments. It can be challenging to handle recurring payments efficiently and securely. If you aren’t able to store credit card information in your payment software, you’re likely requesting a signed authorization form and credit card information from your customers regularly. You may also be writing card information down on paper, but this is not PCI compliant. With PayJunction, you can set up payment schedules to bill as often and long as you’d like.…

How to Elevate Your Business Reporting With PayJunction

How to Elevate Your Business Reporting With PayJunction

Welcome to PJ University, where we teach you how to use PayJunction like a pro. Today’s lesson is how to create cumulative reports. If you’re used to a traditional credit card terminal, where you had to print out batch totals at the end of the day, our reports are going to save you time, increase organization and provide greater insights into your transactions. After logging into PayJunction, select “Reports” from the menu on the left, then select “Cumulative Report” from the sub-menu. The page will load with a report that you can customize. To do this, select the…

Meet the Smart Terminal by PayJunction

Meet the Smart Terminal by PayJunction

This is the Smart Terminal by PayJunction. It makes payment processing simpler and more secure than with traditional terminals — and it’s better for the environment too. Let’s take a look at how it works. As an example, Victoria is the office manager at Dr. Smith Dermatology. One of her favorite patients, Oliver, has stopped in to pick up some sunblock and is ready to pay. Victoria enters the amount into her computer and requests payment from Oliver. It shows up on the Smart Terminal, and Oliver is presented with a variety of payment options: a classic credit card,…

Why EMV Fallback Is a Risk for Your Business

Why EMV Fallback Is a Risk for Your Business

Let’s paint two seemingly harmless scenarios for you. A customer comes into your business and attempts to pay for a purchase with an EMV chip card. The transaction fails despite your terminal being EMV certified, so you decide to proceed by allowing the customer to swipe his chip card. The transaction can’t be processed properly because your EMV terminal isn’t certified to process EMV transactions or doesn’t have an EMV slot. You work around this by asking the customer to swipe the chip card instead. Great, you got paid! However, both of these examples illustrate an…