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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
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.
Ursula Librizzi 5/30/2017 READ MORE
Best Practices for Your Business's Cybersecurity

Cyberhacking should be at the forefront of every business owner’s mind. According to IBM, companies face a 26 percent chance of a data breach in a 24-month period. And hackers are only getting smarter; data breaches reached a record high in 2016, according to the Identity Theft Resource Center.
Ursula Librizzi 5/18/2017 READ MORE
Streamline Online Payment Forms With JotForm and PayJunction

Businesses routinely make use of digital forms to tackle numerous organizational and transactional tasks. With a user base of 2.5 million worldwide, JotForm is at the forefront of easy online form creation, enabling businesses to build custom forms with simple drag-and-drop tools. No coding background is required.
Christina Lavingia 5/16/2017 READ MORE
How Refunds Impact Credit Card Processing Fees

Unless you have a no-returns policy, refunds are unavoidable. Even if your goods are in pristine condition, a change of heart can be enough to reverse a purchase decision.
Christina Lavingia 5/4/2017 READ MORE