Online payment services offers an e-commerce business owner a solution to accept credit card payments for goods and merchandise sold. Most of the time, the process is automated and will offer a real time credit card processing service. Modern credit card payment processing services also integrate other features including shopping carts and e-check processing. Most of the time, consumers will connect their online payment solution with their bank or they will go through their own bank for services. When a transaction is made, the customer and the merchant is notified [...]
What are Virtual Terminals?
With credit and debit cards quickly becoming consumer’s payment of choice, business owners are looking for more convenient methods of credit card processing. Businesses advantage from a virtual terminal in making telephone, mail, and fax orders more convenient by replacing traditional in-store hardware for credit card processing. A virtual terminal allows you to manually process payments from any computer which has an internet connection, anywhere around the world.
What can I do with a virtual terminal?
Manually enter payment transactions and accept credit cards over the phone, by fax, [...]
In today’s tough economic times everyone is feeling the pinch, and charity and non-profit organisations are no exception. From large organisations like the Red Cross and Unicef to local church and civic groups, charity organisations have always relied on the generosity of others to help those in need. Since the collapse of the housing market and the resulting recession, those people who may otherwise have been active supporters of non-profit groups may not have the means or even the time to donate. This has left many organisations with the best [...]
PCI Compliance has been the buzz word for the last several years, but what is it really? And how does it affect our world?
PCI stands for Payment Card Industry. In 2006, the five major credit card companies (American Express, Discover, JCB, MasterCard, and Visa International) got together and developed standards on how to protect card transactions.
In addition to purchases made in person, telephone purchase and online payments had to be considered.
The PCI SSC (Security Standards Council) has defined requirements on the storage and transmittal of both credit and debit card [...]
