What Are High Risk Business and High Risk Products?

Why a Business Might Be Labelled ‘High Risk’ – and What That Means for The Bottom Line There are various reasons why a processor might label a merchant as ‘high risk.’ Some characteristics that identify high risk businesses are superficial factors based on the business’s industry or clientele, while others are directly related to the […]

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Interchange Fee and Rates

How the Interchange Fee Affects Merchants The privilege of accepting credit card payments comes with a few drawbacks, a major one being the cost associated with processing the transactions. The merchant is responsible for paying various fees; of these, the interchange fee is the most significant. What is the Interchange Fee? Each credit card transaction […]

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What is a Merchant Account Reserve?

Will a Merchant Account Reserve Withhold Revenue? Each merchant account, acquirer and processor is different. However, there is one element of credit card processing that is universally dreaded by all merchants—the merchant account reserve. What is a Merchant Account Reserve? A merchant account reserve is a set amount of the business’s money that is put […]

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What is PCI-DSS?

Payment Card Industry Data Security Standard PCI-DSS (sometimes shortened to PCI) stands for Payment Card Industry Data Security Standard. The History of PCI-DSS As the popularity of credit card use increased, card networks saw a need to enact security measures to protect consumer data. Before 2006, there were five versions of network security programs. Cardholder […]

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What is Tokenization?

Using Tokenization to Keep Cardholder Data Safe All merchants must comply with the industry’s mandate to protect cardholder information. Unfortunately, because of increased fraudulent activity in recent years, the task of keeping payment card data safe isn’t easy. Payment Card Industry Data Security Standards The Payment Card Industry has created Data Security Standards. The PCI-DSS […]

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What is Address Verification Service?

What is AVS and How Will it Help Prevent Chargebacks? Address Verification Service is an automated fraud prevention program. If managed properly, AVS can help reduce the risk of chargebacks. Detecting Fraud and Preventing Chargebacks Address Verification Service is an automated fraud prevention system that aims to reduce the number of unauthorized transactions. AVS tries […]

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Card-Not-Present Transactions

FacebookTwitterGoogle+LinkedInPinterestStumbleUpon How Card-Not-Present Transactions Differ from Card-Present Transactions and the Risks They Carry When making a purchase using a payment card, cardholders encounter one of two types of transactions: card-present or card-not-present. When a customer makes a purchase from a location that is different than that of the merchant, they are conducting a card-not-present transaction. When […]

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Difference Between ‘Acquiring Bank’ and ‘Issuing Bank’

Facebook0TwitterGoogle+1LinkedIn3Pinterest1StumbleUpon1 Do You Know the Difference Between the Acquirer and Issuer? The acquiring bank (also merchant bank or acquirer) is the financial institution that maintains the merchant’s bank account. The contract with the acquirer enables merchants to process credit and debit card transactions. The acquiring bank passes the merchant’s transactions along to the applicable issuing banks to receive […]

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Card-Present Fraud: Code 10 Authorization Request

FacebookTwitterGoogle+LinkedInPinterestStumbleUpon Place a Fraud Alert with a Code 10 Authorization Request Thanks to emerging technologies and increased eCommerce popularity, there are always significant risks of fraud for card-not-present merchants. While card-present purchases tend to be safer, merchants aren’t immune to unauthorized transactions. There are several things a merchant can do to prevent card-present fraud. A […]

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