Blog Posts | Page 45

PCI compliance involves adhering to the Payment Card Industry Data Security Standard (PCI DSS) standard established by the Payment Card Industry Security Standards Council (PCI SSC) to protect customer credit card information from cyber threats. This is a critical measure for preventing data breaches and ensuring customer trust.

Credit card surcharging has rapidly gained in popularity in recent years as court decisions, and legislative changes have gradually removed legal barriers to the practice. The ongoing COVID-19 pandemic has greatly accelerated this trend. Nonetheless, the question remains: Should you add a surcharge?

Flat-rate credit card processing removes the unpredictability and complexity that can come with other pricing models. We’ll take a closer look at what flat-rate credit card processing is, how it works, and the pros and cons of the model.

Even though financing may be limited, it is possible to get a cannabis loan for your existing dispensary or startup business. Find out what funding options are available in this high-risk industry and how to get funds for your business.

Your business obtains its MID when it begins working with an acquiring bank after opening a merchant account. Whether you want to work with an acquiring bank directly or indirectly with the help of a merchant services provider, you’ll need to complete a verification process to get your MID.

With Chase Credit Journey, Chase offers free access to your VantageScore 3.0 powered by Experian, with updates available weekly when you log in. You don’t need a Chase account to use Chase Credit Journey, though existing Chase customers can access it directly from their Chase account. Let’s take a closer look at what Chase Credit […]

A business line of credit offers flexible access to funds, but not all lines of credit work the same way. Revolving and non-revolving lines of credit differ in how funds are reused, how interest accrues, and how businesses typically use them. Understanding the difference can help you choose the option that best fits your cash […]

Discover Credit Scorecard is a great way to keep an eye on your FICO score and the factors that go into determining your FICO score.

You need to be PCI compliant. This isn’t just a matter of complying with a bureaucratic regulatory requirement or avoiding a PCI non-compliance fee. A data breach that exposes your customers’ cardholder data can have a catastrophic effect on your business, and following proper PCI compliance procedures is your best method of ensuring that this never happens to you.

A merchant account is designed to temporarily hold funds from credit and debit card transactions until they can be settled. When processing is complete, these funds will then be deposited into the merchant’s business bank account.