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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.
Ursula Librizzi 6/22/2017 READ MORE
What Causes Interchange Fluctuation?

If you’re on an Interchange-plus rate plan, you pay the wholesale cost to run a transaction (known as Interchange) plus a provider markup. The wholesale cost is determined by the card brands (Visa, MasterCard, Discover and Amex) and accounts for the risk or rewards associated with the card.
Christina Lavingia 6/22/2017 READ MORE
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).
Ursula Librizzi 6/20/2017 READ MORE
Will an Electronic Signature Hold Up in Court?

In the age of convenience, it’s no surprise that documents — and even signatures — are being digitized. In comparison to the old process of mailing documents to obtain a signature or requiring a customer to visit your business, digital signatures offer an efficiency boon for businesses and customers alike.
Christina Lavingia 6/15/2017 READ MORE
How Level 2 Credit Card Data Impacts Interchange Fees

Processing a credit card starts a chain reaction of communication. Your Merchant Account Provider sends the transaction info to the card association network via its processor (aka the technical glue that handles the transmission of transactions). Then, the card network reviews the transaction info and responds with an approval or denial, which is communicated back to the provider to complete the transaction. This all happens in a matter of seconds.
Ursula Librizzi 6/13/2017 READ MORE
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.
Ursula Librizzi 6/6/2017 READ MORE