The Importance Of Secure Credit Card Processing

Secure credit card processing is now essential for any business, whether that business is selling physical products in a store, operating through mail order, or doing business solely through the Internet. Whenever a business is granted a merchant account, the bank offering the facility assumes a risk. All credit card transactions are subject to chargebacks, which can potentially result in losses incurred by the bank. There is also the ever present possibility of credit card fraud, which can be dramatically reduced, but never completely eliminated.

There are still many people who are reluctant to use their credit cards for online purchases, despite the fact that they are fundamentally safer than transactions carried out over the telephone, and even those through mail order. Although their fears are largely unjustified, there is one situation which can cause trouble for the unwary. It is quite possible for a fraudster to create a duplicate web page, which looks exactly the same as a page where a customer would enter payment details. Instead, of course, the information is fed to an email address used by the criminal.

The problem is that many people who use the Internet are not accustomed to making sure that the page displayed is a genuine secure web page, with “https”, instead of “http” in the address bar. Experienced Internet users are hard to fool, but there are many ingenious scams which catch even them out when they are not paying enough attention. When you add this activity on to the simple stealing of credit cards, you can see that the banks have a lot to deal with in making transactions secure.

Setting up secure credit card processing on your own website is not difficult. Even if you have no actual merchant account, you can use a third party processor. In fact, this is easier, as it involves no need to match up the different parts of the merchant system. When you have your own account, you need to make sure that the shopping cart software integrates properly with the payment gateway, and that these both integrate with the card issuer system. Only then can important information be properly verified.

When choosing your secure credit card processing system, be sure that you have as much security as you can get. Make sure that the system asks for and checks the CVV number on the back of the card, and that Address Verification Service is used to compare the billing address held by the card issuer with the address filled in on the online form. Both of these steps add a significant extra layer of security to the payment process. By making sure that your system has these features, you will be availing yourself of the highest possible degree of secure credit card processing.






 

Credit Card Processing News:

 

Which Transaction Is Faster For Small Purchases: Cash Or Credit? - The Consumerist (blog)

The Consumerist (blog)
Which Transaction Is Faster For Small Purchases: Cash Or Credit?
The Consumerist (blog)
Those on the pro-cash side seem to have had numerous bad experiences with card processing equipment that is slow or malfunctioning. .

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Merchant Account Review EUR Getting The Best Service And Support .
whichmerchantaccount.com - They offer four different credit card processing services covering both your online and offline transaction needs...


Why Merchant Account Is Necessary For Any Businessman | Business .
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Despite new law, subprime credit cards and payday loans can still be very dicey
You can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that took effect yesterday is supposed to prevent banks from employing tactics that push borrowers deeper into debt. Yet loans and cards with crushing terms still beckon...


Unusual travel plans? Alert issuer - Bankrate.com

Unusual travel plans? Alert issuer
Bankrate.com
"Then that data is then bounced up against some qualifying factors," says Todd McHugh, president of Omega Processing Solutions, a credit and debit card .

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How To Make Your Business More Profitable With Merchant Account .
Would you like to make money online? Do you think that it is the best opportunity you may use? If yes, you are right. There is nothing as profitable and as easy...


Bad Credit? Your Options Are Getting Better
Changing regulations mean that people with poor credit histories still have appealing choices...


Processing Credit Card Sales with an iPhone
Financial management company, Intuit and iPhone accessories seller, mophie have announced the availability of Credit Card application that enables small businesses to process credit card payments via the Apple iPhone...


High Risk Merchant Accounts: Proper Setup Leads to Processing .
There's no doubt that working with an ethical and experienced high risk merchant account agent can be tremendously helpful to a business. But, be careful in your selection of a high risk merchant account providers. ...


Hyatt and Chase Launch First-Ever Hyatt-Branded Credit Card
Hyatt Hotels Corporation and Chase Card Services, a division of JPMorgan Chase & Co. today announced the launch of the first Hyatt Card, a simple and rewarding Visa credit card. Â The introduction of this co-branded credit card, through Hyatt subsidiary HyCard, Inc. and Chase Card Services, demonstrates the companies' commitment to provide Hyatt guests with even more of the benefits and simple ...


Rental investments wait while credit score improves
Rental investments wait while credit score improves..


 

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