“Keyed” or Card-Not-Present consumer credit card transaction costs can be lowered by simply entering the Address Verification (AVS) information at the time of the transaction. AVS consists of two fields or prompts: billing address number and billing address zip code. Without entering this information in these fields, the transactions will downgrade to a higher percentage rate …
Read more »PCI DSS (Payment Card Industry Data Security Standards) are a set of requirements developed to help companies protect credit card and other sensitive cardholder data. When these requirements are followed, the chances of a security breach resulting in sensitive cardholder data loss are greatly reduced. All entities that process, transmit or store cardholder data must …
Read more »Tip of the Month: If your pin pad for Debit cards stops working, first try to unplug the power to the terminal, then plug it back in. This will reboot the terminal and hopefully reset the pin pad. Please contact me with any other tech questions. Kenny Noel 1-888-952-4250 kennynoel@a-bsolutions.com
Read more »Commercial, Purchasing, Corporate, and Government cards are increasingly being presented for payment of purchase orders and invoices. MasterCard and Visa have designed processing programs specifically for businesses who primarily accept these cards as payment. Level II and Level III Commercial Card Data processing was established to help businesses who process Commercial cards lower their merchant …
Read more »The following is a list of items that may be requested during the underwriting process of an e-commerce or mail order/telephone order merchant account: General Business Information Merchant Processing Agreement (Mandatory) Articles of Corporation IRS Confirmation of Non-Profit Status or Other Supporting Documentation (Non-Profit Organizations) Last 3 Months Current Bankcard Statements (Mandatory if Applicable) Voided Business …
Read more »This is a brief explanation of risk for E-Commerce and Mail Order/Telephone Order (MOTO) merchant accounts, and why Merchant Account Processing companies may request additional business or personal information for the underwriting of these accounts. Most merchants are somewhat familiar with the standard retail merchant credit card processing account, in that opening one is as …
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