PayJunction and PCI Compliance Go Hand-in-Hand PCI compliance is an important part of having a merchant account. The PCI Compliance Guide Website states that it is “a set of requirements designed to ensure that ALL companies that process, store or transmit credit card information maintain a secure environment. Essentially any merchant that has a Merchant ID …
What is NFC Technology? Have you ever wondered how tap services like Apple Pay, Samsung Pay, and Google Wallet work? It’s simpler than you would think. It is called contactless NFC (near field communication) technology, and inside the device, an NFC chip operates as one part of a wireless link. When two of these chips …
Why Merchant Account Chargebacks are a Big Deal Merchant account chargebacks used to be no big deal. This has all changed when in April 2015 Visa set forth a limit for chargebacks on a business’s merchant account. This means that chargebacks can only be allowed to make up one percent of sales and/or 100 chargebacks …
Why BPA is Bad News BPA is a dangerous chemical that has been linked with obesity and attention disorders. It is toxic to the reproductive and developmental systems. The good news is that a lot of manufactures have recognized how dangerous this chemical is and have started removing it from their products, such as in …
Remote Signature Capture PayJunction has an exciting feature called remote signature capture that simplifies accepting credit card payments. Remote signature capture allows you to email your customers a receipt that they can sign using their mouse or mobile device touchscreen. All one has to do is click on “email receipt” within the PayJunction system. Type …
Cash in the World There are many indications that cash will be phased out in the next decade. Most major European countries are moving away from cash. Many have already capped cash transactions, such as a limit of €1000 in Italy and Portugal, and the number of cashless transactions in Europe is expected to reach …
Wearable Mobile Payments App There are a lot of exciting things to look forward to in the mobile payments industry for the consumer and the business owner. Mastercard Worldwide has established a partnership that will allow contactless payments with some luxury watch brands. Mastercard also established a partnership with WISeKey. This is a Swiss company …
The 2015 U.S. Fraud Liability Shift If a consumer used a counterfeit credit card in a retail location, it used to mean that the card issuer was liable. However, beginning in October 2015, the U.S. went through a fraud liability shift. That liability has shifted to the merchant if they have not replaced or upgrades their …
