Optimizing Costs for Payment Every Transaction   Accepting debit and credit cards is crucial for staying competitive in today’s marketplace, but it comes with an often-overlooked cost: credit card processing fees. These fees can add up quickly, eating into your bottom line and making it harder to grow your business. Fortunately, with a few strategic […]

The post Lowering Your Credit Card Processing Fees appeared first on National Processing and is written by Christian Woodward

It can be confusing to grasp all the moving parts of payment processing. Between the complex technology, confusing terminology, and compliance regulations it’s easy to see why businesses are quickly overwhelmed. We get it—most people simply want competitive rates and secure transactions without delving into the nitty-gritty details. However, getting to know the distinct roles […]

The post Understanding Merchant Acquirers and Payment Processors appeared first on National Processing and is written by Christian Woodward

Card-Present vs. Card-Not-Present Transactions: What every Merchant Needs to Know The difference between card-present (CP) and card-not-present (CNP) transactions might seem straightforward: one happens in person, and the other doesn’t, right? However, with the rise of various payment methods, understanding these distinctions goes beyond just the location of the transaction. It affects fraud risk, compliance, […]

The post Card Present vs. Card Not Present appeared first on National Processing and is written by Christian Woodward

Identity confirmation is one of the most basic forms of security when it comes to payment processing. When it comes to big purchases through a credit card, it’s always in the best interests of both the customer and the retailer to ensure that the right credit card is in the right hands, and a voluntary purchase […]

The post Payment Processing Security: The Face May Be a New Key to Payment appeared first on National Processing and is written by Christian Woodward

Over the past fifty years, payment methods have changed drastically. This has also changed the idea of prosperity for many people, including both consumers and business owners. Part of this transition has also allowed for commerce to continue bolstering the national economy, and the ability to accept a variety of payment methods does contribute to this.   […]

The post The Virtual Color Of Money appeared first on National Processing and is written by Christian Woodward

When processing credit card transactions, merchants have to pay an interchange rate, which is a certain percentage of the transaction volume plus an additional fee. Several factors can affect your interchange rate, and some merchants can take advantage of special interchange rates. Today, we’re going to cover two types of businesses that enjoy special, lower interchange […]

The post Special Visa Interchange Rates for Supermarkets and Charities: What Merchants Need to Know appeared first on National Processing and is written by Christian Woodward

Data breaches and theft happen to businesses of all sizes. From Fortune 500 companies to small business operations, data theft is occurring in alarming numbers. Microsoft suffered a data breach in 2020 that revealed 280 million customer records, and the company has some of the world’s best security measures.   PCI compliance aims to help businesses protect against […]

The post A Beginner’s Guide to PCI DSS Merchant Levels appeared first on National Processing and is written by Christian Woodward

Merchant service providers offer multiple forms of collecting payments from customers. However, two of the most common are Automated Clearing House (ACH) and credit cards. Merchants must know the difference between the two before discussing the benefits of ACH vs. credit card payments.   What is an ACH Transaction? ACH is a broad term that […]

The post ACH vs Credit Card Transactions appeared first on National Processing and is written by Christian Woodward

Electronic benefit transfer (EBT) is a unique option for retailers to cater to the needs of individuals who are on government assistance of some form. For example, EBT merchant services allow you to accept the following forms of payment:   Supplemental Nutrition Assistance Program (SNAP) Temporary Assistance to Needy Families (TANF) Women, Infants and Children […]

The post EBT Merchant Services 101 appeared first on National Processing and is written by Christian Woodward

Self-Service POS Is On The Rise

You may have noticed them at the big-box stores like Wal-Mart and Target. Where the express lanes used to be you can now find self-service checkout stations that allow customers to scan all their own products, bag them up how they like, pick their favorite payment method, and then grab the receipt and walk out […]

The post Self-Service POS Is On The Rise appeared first on National Processing and is written by Christian Woodward