Payment processors are companies, usually third-party, that handle payment transactions between the merchant and customer by relaying payment information from the customer to the merchant’s bank account. They enable merchants to receive debit or credit card payments online by providing a connection to an acquiring bank.
While technology created the space that allows for seamless financial transactions between clients and merchants, it has also become a cause for abuse. It has provided another area of opportunity for potential criminals to leech on, most of which are fraudulent in nature. Fraud has always been a danger to both supplier and consumer. […]
We’d like to hear from you on how you prefer to make business purchases! Schedule an appointment with us for more tips and solution for your business. Call us at (800) 644-3909 or send us an email to [email protected].
We know the benefits of taking cards. Processing of payments using a debit or credit card is lightning fast and very secure. But if we go deeper, the full amount for what you charge a customer does not go straight from the credit card company and then to you, the merchant.
One of our clients called us with an interesting question regarding disputing a fraudulent transaction on their Business Debit Card. As part of our weekly newsletter series, we asked one of our staff members to get to the bottom of it and make sure our customers knew how to protect themselves.
