Chapter 1 – Chargeback Prevention: The Little Code on the Back of the Card

MerchantProcessingNMCredit Card Processing/ Merchant Services

Chargeback prevention is front of mind for many in today’s environment of taking transactions online and over the phone. Chargebacks can cost you time, energy, and most importantly for any business, money. Through a series of blogs, we hope to educate you to information and tools you can use to protect your business. How many times have you purchased something … Read More

Interchange Optimization for B2B (Business to Business) Processing

MerchantProcessingNMCredit Card Processing/ Merchant Services

Purchasing cards, corporate cards and business cards (B2B cards) are a procurement card issued by a large corporate or government entity to an employee to make purchases without the time consuming task of getting an approved acquisition form. These cards are authorized for certain types of business purchases. For example: An employee may purchase industrial parts for his manufacturing firm … Read More

3 Essential Things to Know About Chip Cards

MerchantProcessingNMCredit Card Processing/ Merchant Services

In the results of a telephone survey that collected data from 932 credit card holders, it was found that 70 percent of American credit card holders today shop with EMV technology-based chip cards. While it may have once just been a point of interest for proprietors with a penchant for keeping up with industry metrics, these days, being savvy about … Read More

Secure Your Business’s Online Transactions

MerchantProcessingNMCredit Card Processing/ Merchant Services

In an era where credit card fraud is prominent and an easier, more viable option for illegally obtaining money, it’s understandable that business owners are concerned about the security of their transactions. This is especially worrisome when a lot of your merchandise is sold online. With the integration of EMV chip enhanced credit cards, fraudsters are becoming more and more … Read More

ECommerce 101: Protect Your Business from Fraudulent Sales

MerchantProcessingNMCredit Card Processing/ Merchant Services

Fraud can happen to any business. It can lessen sales, decrease customer trust, and if it becomes a frequent issue, put a company out of business. However, there are a few things you can do to protect your business from fraudulent sales. Check out these helpful tips on how to prevent fraudulent sales within your business: AVS (address verification) When … Read More

Bob From Brand X – Flat Rate

MerchantProcessingNMBob from Brand X Nightmares

Bob’s new trick is an old one. His new rate is 1.69% and he says he won’t have any higher rates for keyed-in cards, rewards cards, or corporate cards (?). I think that Bob is either an outright liar or he is new to credit card processing and doesn’t have a clue what he’s talking about. Too bad the company … Read More

Bob From Brand X – Is it Worth it to Switch?

MerchantProcessingNMBob from Brand X Nightmares

Bob’s favorite pitch still seems to be, “Let me do a comparison and I guarantee I’ll save you money.” Ask yourself if you want to save money if it is going to cost you more in other areas. Do you want to go through the hassle of doing a comparison, which will be in hieroglyphics instead of English, to possibly … Read More

Bob From Brand X – Rate Guarantee

MerchantProcessingNMBob from Brand X Nightmares

Bob’s new quote sheet has a guarantee. Let’s take a look. “We will not increase the qualified discount rate for 48 months.” Response to Bob – BS. How many cards are charged a qualified discount rate? Answer: not very many. Most cards today are debit cards and rewards cards, and then there are corporate cards, keyed-in cards… the list keeps … Read More