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What Are AVS and CVV?
When a customer visits your business and pays with a credit card, it’s fairly easy to confirm the legitimacy of the purchase. A diligent cashier could ask to see photo ID to confirm that the person in front of her is, in fact, the cardholder. The name and face should match.
Christina Lavingia
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Credit Card Processing Basis Points — What Are They?
Every industry has its jargon, and credit card processing is no different. You are probably familiar with more-common terms just from bumping elbows with folks in the industry. These include Interchange, EIRF, downgrade and tiered. However, there are others that are used less frequently and are purposefully deceptive, such as settlement funding, padded dues and assessments, breach coverage security, etc.
Casey Russell
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Credit Card Processing Agreement Form: 3 Tips to Know
A credit card processing agreement form can hide terms and omit specific rates that could do significant financial harm to your business if unaddressed.
Ursula Librizzi
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How Does Credit Card Processing Work Diagram
When people think about credit card processing, they likely think of waiting for their transaction to process or their Merchant Service Provider, depending on which side of the transaction they inhabit. But there are a number of middlemen involved in credit card processing, and even businesses don’t necessarily interact directly with each one of them.
Christina Lavingia
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The State of Patient Payments in Health Care
Digital convenience is driving a change in consumer habits. Combine that with the shift to high-deductible health plans, and the result is patients paying more attention to the quality, cost and amenities available to them around the care they receive.
Ursula Librizzi
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Need a Sales Boost? 7 Best Ways to Market to Past Customers
Data shows that you have a 60 to 70 percent chance of successfully selling to an existing customer. Compare that to your low odds of earning the business of a prospect — between 5 and 20 percent — and it’s clear that your business will benefit from investment in your current customer base.
Christina Lavingia
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