Incorporating Credit Card Acceptance To Increase Sales
Connecting with B2B ERP systems and other business software to streamline payment acceptance
In the past few years, there has been a significant effort to curb debit and credit card fraud, especially through the integration of mobile and EMV payment processing. However, while these platforms tend to be effective shields against bogus payments, merchants should still seek to do more when it comes to ensuring they and their customers aren’t hit by fraud on a regular basis.
Using payment tools and technology to gain an edge in the market
The PCI DSS (Payment Card Industry Data Security Standard) is a set of standards that are put in place to ensure that all companies accept, process, store, and/ or transmit cardholder data (i.e., credit card information) in the safest possible manner. The PCI DSS is run by the PCI Security Standards Council, which is an independent body founded by the five largest credit card companies.
U.S. retail and restaurant owners and operators have a big opportunity to improve security at the point of sale with EMV technology, a global standard for credit and debit payment cards based on chip card technology. It ensures that the card is authentic and belongs to the customer using it.