All Posts by Ursula Librizzi

How to Process a Transaction Using the Smart Terminal

How to Process a Transaction Using the Smart Terminal

Welcome to PayJunction University, where we teach you how to use PayJunction like a pro. Today’s lesson will show you how to process a transaction with the Smart Terminal. After logging into PayJunction, select “Process a Credit Card” from the left-hand column. Then select the “Smart Terminal” tab on the top of the page. Now, select which terminal and account you would like to use. Enter the transaction amount and click “Request Payment” at the bottom of the screen. Your customer will take over from here. If tips are enabled on your account, they will be presented with a…

What Defines PCI Scope?

What Defines PCI Scope?

Whether you’re a player in the payments space or a business processing credit cards, you’ve heard of Payment Card Industry (PCI) compliance. With the intention to optimize security around credit and debit card transactions and protect cardholder information, all parties involved in facilitating a transaction fall within PCI scope. This includes any system components connected to the cardholder data environment (CDE). Processing credit cards can involve many different components, so PCI scope varies depending on the breadth of an organization's CDE. Because of this, many businesses are unaware of the components they are responsible for and which even…

Unethical Providers Markup Amex Fees

Unethical Providers Markup Amex Fees

Thus far, this series has covered a range of fake fees and markups. To no one’s surprise, some providers also practice unethical billing around Amex fees. Before we dive in, here’s a quick explanation of processing options for businesses that accept Amex. Amex Direct vs. Amex OptBlue American Express is a unique company. It’s not only a card association, but can also provide businesses with merchant accounts to process its cards. Businesses have two options for accepting Amex: Direct or OptBlue. Businesses that process over $1 million annually are required to process directly through American Express via…

MasterCard 2-Series Cards: What to Expect

MasterCard 2-Series Cards: What to Expect

MasterCard announced its expansion to 2-series bank identification numbers (BINs). For decades, MasterCards started with the number five. However, MasterCard plans to begin issuing cards starting with the number two in summer 2017. BINs Defined BINs are the first four to six digits of your credit card number. This unique set of numbers are used to identify the institutions that issue credit cards. Each brand has one or more of its own unique BIN series to correctly identify the bank the money is being transferred from. MasterCard 2-series cards will range from 222100 to 272099. BINs are integral for the…