Archives / 2008 / February
  • February 08 News Alert

    Technorati Profile

    Important PCI Update

    Effective January 1, 2008, Phase 1 of the Visa Payment Application Mandates stipulates that no merchant may be boarded that uses a payment application identified as storing vulnerable data. The Payment Card Industry Data Security Standard (PCI DSS) prohibits the storage of the full contents of any magnetic stripe, CVV2 or PIN data. Merchants are at high risk of being compromised if they use payment applications that store prohibited data or have security weaknesses. A good resource is available at, where you will find a list of validated payment applications (make sure your POS is on the list) and best practices. We also recommend and

    Tackling PCI

    The primary threat has to do with … more

  • Shopping Merchant Account Rate Quotes

    It can be difficult to compare quotes from one provider to the next. The problem is that most merchant account providers quote a qualified “rate as low as” price then surcharge “non-qualified” transactions. If you’ve been asking "what's your rate?" then you are likely contributing to the problem.

    First recognize that as a merchant, you will accept a diverse mix of credit and debit cards for payment and failing to find out how specific card types like signature debit, rewards, enhanced, world, business, corporate and others will be billed leads to higher bottom line costs.

    Action Steps

    The best contacts and resources to help you get it done

    Start with an understanding of Interchange

    Interchange fees are paid to cardholder-issuing banks and these rates are … more

by Ty Hardison

Share this Post

Share to Facebook Share to Twitter Share to Google+ Share to LinkedIn More...

See Your Merchant
Interchange Rates