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Recovering From a Security Breach

Recovering From a Security Breach

Posted on 27 July, 2016

The news seems to be full of stories about the latest credit card security breach. The story is always the same: Thousands of credit card holders wind up with their card information in the hands of thieves. Breaches happen for many reasons, but the result is an unhappy customer who loses trust in the business. […]

PIN-Based Charges

PIN or Signature: Which Is More Secure?

Posted on 26 July, 2016

Banks and other card issuers send out nearly 30,000 new debit cards every day in the United States alone — that’s an average of one every five seconds. According to a study reported by Nasdaq, the average consumer used his or her debit card 21 times each month in 2014, up from 16 times per […]

Defining Interchange-Plus Pricing

Defining Interchange-Plus Pricing

Posted on 25 July, 2016

When business owners decide to accept credit cards as forms of payment, they need to sign up with a processor for services, such as a high-risk merchant account. As they search for a credit card processor, merchants hope to secure the best terms possible. Understanding interchange-plus pricing and its benefits are critical. When thinking about […]

Why So Many Companies Are Deemed High Risk

Why So Many Companies Are Deemed High-Risk

Posted on 21 July, 2016

The words “high-risk business” can make someone think that a business is in the practice of selling questionable items. While certain industries get flagged as high risk in the merchant account industry, companies in these industries are not necessarily selling products someone would consider questionable. What’s being sold is often straightforward and won’t raise any […]

How Rolling Reserves Cause Problems

The Danger in Rolling Reserves

Posted on 20 July, 2016

When processors offer high-risk merchant account services, they’re accepting a tremendous risk. To lessen their exposure, most processors require retailers to fund a reserve. The processor then has money to cover refunds that stem from legitimate chargebacks and fraud. There are multiple ways to fund a reserve, but the most popular are the rolling reserve […]

Defining Friendly Fraud

Tackling Friendly Fraud

Posted on 19 July, 2016

The words “friendly” and “fraud” don’t seem like the two should go together, especially given that fraud is never friendly. Friendly fraud is a phrase that the merchant service industry uses to describe accidental or intentional chargebacks. This chargeback problem costs the retail world billions of dollars every year, and analysts expect its prevalence to […]