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The more online transactions you process, the more risk you have in being exposed to fraud. Selling items online is convenient for your customers and increases sales for your business, but there is a risk involved and it’s much higher than in face-to-face transactions. When neither the card nor the customer is physically present at the point of sale, the merchant experiences the greatest exposure to disputes, chargebacks, and fraud. The following security measures can help reduce fraud exposure for online transactions. Authorize every sale on the order dateAuthorizations are valid for a specific number of days which can range from 48 hours to 21 days depending on the merchant category code. Merchandise must be shipped and sales must be deposited within these timeframes or the authorization will

Are credit card industry fees confusing to you? They are to most people, so today we thought we’d explain about those “miscellaneous” fees and charges that show up on your monthly merchant account statement. Let’s take a look at our bicycle shop statement to give us some good examples and explanations. Monthly Minimum Fee: fee which guarantees the merchant will be paying a minimum amount each month in processing fees. If a merchant’s discount fees do not equal their monthly minimum fee they will be charged the difference between the two in addition to their discount fees.Our bicycle shop had a great month! Most of their customers paid with cash (hey- it could happen!) and so their monthly processing fees totaled just $5. Since their minimum processing fee

Years ago, when I thought of the word ‘Compliance’ it would conjure up memories of childhood rules or conforming to some rigid set of expectations. Even dictionary.com’s definition harkens back to a time before credit card fraud completely altered the meaning. com·pli·ance [kuhm-plahy-uhns] noun 1. The act of conforming, acquiescing, or yielding. 2. a tendency to yield readily to others, especially in a weak and subservient way. 3. conformity; accordance: in compliance with orders. 4. cooperation or obedience: Compliance with the law is expected of all. Today compliance means something totally different to me and if you own a business that accepts credit cards, you know what I am talking about! With credit card fraud amounting to organized crime and card breaches affecting millions of people across the

These days, it is a rare treat to experience true Excellence in service: in almost any industry. Mediocre is the service mantra of the day but the crazy thing is that MOST companies are advertising their focus on amazing service yet still falling flat when it comes time to truly deliver. The credit card processing industry is no exception to this rule and maybe that is why we have found that delivering TRULY Above & Beyond service is one of the best ways to set TMC apart from the competition. We want to share a few of the ways we keep that service bar elevated so A- you know what to expect from us and B- you can share the information with your team and really outperform your