“Security” Posts

Best Practices for Your Business’s Cybersecurity

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. As a PCI Level 1-compliant Merchant Account Provider, we live and breathe security. Without adhering to the highest standards, we wouldn’t be able to serve our customers effectively. We believe every business should be secure to protect both its own interests and those of its customers. Here are our…

5 Reasons Why You Need a Customer-Facing Terminal

5 Reasons Why You Need a Customer-Facing Terminal

If you’re shopping for a new credit card terminal, it’s easy to feel overwhelmed by your options. Make the wrong choice and you could be in the same position in a year’s time. Changes in payment technology and consumer trends are unpredictable, but some credit card terminals are better suited for the future than others. Without over-complicating the matter with makes and models, we’ll focus simply on the credit card terminal's physical orientation. There are five compelling reasons why you should opt for a customer-facing terminal over a traditional cashier-facing one. The Imminent Rise of Chip…

AVS Downgrades Increase Your Fees

AVS Downgrades Increase Your Fees

Address Verification System (AVS) is a common fraud-prevention measure for card-not-present transactions. AVS checks that the purchaser is in fact the cardholder by requesting the address and ZIP code for the card and comparing it to the bank’s records. Presumably, a fraudster would not know this information and would be prevented from making an e-commerce or over-the-phone purchase. Beyond catching fraudsters, AVS affects your processing rates too. Why is this the case? The card brands try to account for risk and reward when it comes to processing rates. If either one goes up, so do your rates. By not…

EMV Verification: Chip and PIN vs. Chip and Signature

EMV Verification: Chip and PIN vs. Chip and Signature

When the United States finally embraced EMV, the major card issuers favored chip and signature as the authorization method. However, as security measures to prevent credit card fraud advance, chip and PIN is the natural progression. Below, we discuss each verification method and best practices to prepare for what’s to come. Chip and Signature Currently, chip and signature is the most common method of verification for chip card transactions in the United States. Why? Because it’s so similar to how magstripe credit cards are verified (swipe and signature). It’s what we’re used to. Plus, it’s…