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Omnichannel Payments Streamline In-store, Online, and Invoice Payments
What Does Omnichannel Payments Mean? Omnichannel payments is a big phrase for what essentially means the ability to use one solution platform to accept payments from customers any way they want to pay: in-person, online, in a shopping cart, via email or postal mail, over the phone, on a mobile device, or as part of recurring payment and subscription plans.
PayJunction Team
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Credit Card Authorization vs. Pre-Authorization
In the payment processing industry there is a ton of jargon used interchangeably, and sometimes done so incorrectly. As a business owner processing credit cards, it is important you know what these terms mean so you use them correctly if a customer asks.
Ursula Librizzi
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What Is PCI DSS?
PCI DSS stands for the Payment Card Industry Data Security Standard. Any business or organization that processes, stores or transmits cardholder data is required to adhere to PCI DSS. The credit card brands (Visa, MasterCard, Discover and Amex) created these security standards to prevent fraud and instate industry-wide standards.
Christina Lavingia
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Who Regulates Credit Card Processing Companies?
Credit card processing companies, including Acquirers, Merchant Service Providers, Payment Gateways, and Payment Facilitators are regulated by a variety of organizations and regulatory bodies. The Card Brands, the Payment Card Industry Data Security Standard (PCI DSS), the National Automated Clearing House (NACHA), sponsor banks, and federal and state governments all play a role in overseeing the credit card processing standards.
Ursula Librizzi
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ACH Rejects and Processing Explained
ACH stands for Automated Clearing House, a network managed by NACHA. The network enables the electronic transfer of funds from one bank to another by directly debiting a consumer or business checking or savings account. It is commonly used for payroll, bills and invoices, and tax payments. ACH transaction fees are lower than those of credit and debit cards, so it is a popular cost-effective payment type, especially for higher ticket purchases.
Ursula Librizzi
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What Is an AVS Mismatch?
Declined transactions are stressful. No cardholder likes being in that position, and it’s a tense situation for business owners who lack answers to rectify the issue.
Christina Lavingia
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