Utilizing PINLess debit to decrease cost of acceptance is certainly very enticing, but it also can be a very daunting undertaking. For some merchants, PINLess debit may mean a full-scale change to POS, reconciliation, and acquirer/gateway message specification and configurations to support this transaction routing.
Author: wcapra
Easing the Burden of Data Privacy Compliance
Many organizations lack enough awareness of the data they collect to effectively tackle consumer privacy. In some cases, a data mapping exercise coupled with a third-party vendor assessment can be enough to uncover the detail needed to map the flow of consumer data into and out of a business. In others, fundamental change may be…
Leaping from Level 2 to Level 1 PCI Merchant Status? Here's how we can help.
For many merchants, PCI Compliance and related activities are a necessary annual pursuit that require additional work for resource strapped internal business units. The looming complexities of PCI DSS 4.0, combined with transitioning to a Level 1 merchant, will likely leave many organizations in the lurch as they determine how to handle these increased responsibilities.
The Top Upcoming Card Brand Changes All Merchants Should Know About
Any time the card brands introduce a new change, it has potential to carry significant impact to the merchant community. In this article, we’ll examine the top merchant-facing changes recently announced by Mastercard, Visa, AMEX, and/or Discover.
Convenience & Energy and the Growth of Subscription Services
Subscriptions are everywhere you look, including places where subscriptions haven’t traditionally been leveraged, such as fast-food chains and movie theaters. Convenience stores and energy retailers are no exception. There are many reasons for the growth of subscription services.
Should You Be Accepting Cryptocurrency?
As new currencies continue to emerge in the market, the questions that must always steer consumer engagement and technology roadmaps are: what is the impact on consumers who wish to transact for physical goods? What segment of the population are you missing if you don’t move to implement? And does this segment impact bottom line?
Can EMV 3DS 2.0 Benefit Your Organization?
EMV 3DS 2.0, the new standard, allows merchants to perform enhanced consumer authentication via means such as biometric verification or one-time SMS passcodes. Previously, all a fraudster would need to complete a Card-Not-Present transaction is a payment card and zip code. With EMV 3-D Secure pushing a one-time code to a consumer’s device, the fraudster…
How should petroleum marketers plan remaining a relevant energy provider to consumers as drivers migrate to electric vehicles?
The Federal government and myriad states continue to plow forward in setting new laws and providing consumer incentives to push the market towards a critical mass of electric vehicles. For petroleum marketers, the change in how vehicles will “fuel” is a cause for transformation as well. Do petroleum marketers want to maintain their relationships with…
Not All Fleets Are Created Equal
Whether an organization maintains an existing fleet offering or they’re evaluating fleet as a new opportunity, one of the most common barriers that retailers face when attempting to gain incremental market share is that their offering assumes a universal need across the fleet portfolio. In reality, the needs that over-the-road (OTR) fleet users require in…
Buy Now, Pay Later is here to stay. But should your business be ready?
Many consumers and merchants have embraced Buy Now, Pay Later (BNPL) solutions. For merchants, the opportunity to boost their basket sizes, increase total transaction volume, and access a broader demographic base has been a boon. Consumers view it as a way of purchasing big ticket items while avoiding the burden of high-interest credit card debt.…
PAX POS Security and what it means to your organization
Security attacks should be mentioned in the same breath for predictability as death and taxes, and increasingly an organization’s security resources are too strapped for time to operate, complete project work, and continue to adapt and tune their security approach. Third parties who can evaluate your current security environment and provide critical, unbiased feedback with a plan for continued improvement are more vital than ever before.
Using Data Sciences to Understand Your Business
To maximize the efficacy of your data, you need to set an action plan that the data should inform from the moment of collection. To do this to the fullest, it’s essential to stay ahead of market trends and data science techniques. Where merchant organizations have identified a problem to solve, and they maintain data…