Sharing thoughts, facts, ideas, and best practices for business owners of all kinds.
Credit Card
Partnership
Point of Sale
POS
Once you complete a sale and sign an agreement with a merchant, it’s often easy to just move onto the next one and focus on finding more of them to sign. Merchants you’ve signed tend to stay happy and complacent as long as their hardware and software are functioning properly…
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Credit Card
EMV
Point of Sale
Restaurant POS Systems
Credit card processing: which type of machine is best for your business?
Accepting credit cards is as easy as accepting cash. As we all know, especially as a new business owner, there isn’t a whole lot of accessible money flying around when you first start a business. As a result, you have to use the most cost-effective methods to make sure you…
EMV
EMV Payment Systems
The term “EMV Payment Systems” might not be familiar to you. Don’t worry, it isn’t for most people yet. EMV is the label used for a new form of smart card just being introduced in the United States. But the U.S. is way behind the rest of the globe. In…
EMV
EMV Card Reader
An EMV card reader (see also, smart card reader) is like the machine you’re used to swiping your card through to run it for a transaction. Except it’s designed to read the new, more secure, encrypted credit cards the world is switching over to. I say “the world,” but today,…
EMV
EMV Smart Card Reader
Criminals are tireless. No rest for those wicked souls, right? Wrong. They’ll have no choice but to rest once their efforts at fraud are thwarted by an EMV smart card reader! These criminals… they will stop at nothing until they figure out a way to get as much information about…
EMV
EMV Compliance
What is EMV compliance? Credit cards never looked as “smart” as they do lately. At least in the United States, where we are all accustomed to the traditional magnetic stripe cards we have used for years. There hasn’t been a major change to them in a long time. Credit cards…
EMV
EMV Credit Cards
Get used to the EMV credit cards because they’re gonna be here for a while. Financial institutions here in America are starting to catch up with the rest of the civilized world. They are currently transitioning all credit cards, financial institutions, businesses and card holders to a more secure chip…
EMV
EMV Terminal
Have you ever heard the term EMV terminal before? It’s not a trick question, and don’t feel bad if your answer is “no.” Simply put, it’s a credit card processing machine for our new, more secure EMV credit and debit cards. EMV is the label of a new form…
EMV
Chip and PIN
Chip and PIN is another name for your new EMV compliant credit card. There are many names for this new type of card: Smart card EMV card Chip card IC card No matter what you call your card, though, it has a tiny computer chip embedded in the front of…
EMV
EMV Chip
EMV is an acronym for the 3 companies who came up with smart card security standards: Europay, MasterCard, and Visa. The EMV Chip standard they came up with is a set of guidelines for chip and PIN payment cards. (Read about that standard here.) In essence, EMV makes your…
EMV
EMV Technology
For years we’ve been accustomed to our credit cards’ traditional technology here in the US. But this technology isn’t as high-tech as it used to be. Enter EMV technology, which adds a new layer of safety on our daily credit card transactions. The little magnetic stripe on the back of credit…
EMV
EMV Definition
EMV stands for Europay, MasterCard, and Visa. These three companies came up with the standard used for authorizing smart cards. Yes, the future of credit cards looks very “smart” here in the United States. Credit cards have remained the same for a long time now. They look the same and…
The world of payments is rapidly changing in front of our eyes. Massive consolidation is happening at a record pace, and this will inevitably impact your business as a merchant services agent.