Electronic Payments
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Topics: Electronic Payments, Payments Industry Trends, Payments Compliance, Retail Payments, Urgency Payments
As we all know, there is a significant shift in today’s consumers’ preferred method of communication. Most consumers would rather avoid the direct dialogue with a live agent call, and the idea of any mail that is not email seems ancient. As collections firms derive methods and develop strategies to accommodate this shift, the benefit that have resulted from this change should not be overlooked.
Benefits of Accepting Credit Card Payments
Topics: Merchant Processing, Electronic Payments
When you accept credit card payments from customers, not only do you attract the attention of a segment of the population that prefers cashless payment methods, you also get to enjoy several benefits.
What Is PCI DSS?
Topics: Merchant Processing, Electronic Payments, Payments Compliance
As a company, you have to make sure that you are using customer information in a way that guarantees, to the best of your ability, that the data won’t fall into the wrong hands. The Payment Card Industry Data Security Standard (PCI DSS) sets standards to prevent such vulnerabilities.
Common Electronic Check Processing Myths
Topics: Merchant Processing, Electronic Payments
Check payment processing online or by phone provides additional options for customers who don’t have or who don’t want to use credit or debit cards. However, merchants must be aware of common misconceptions associated with electronic check processing that pose potential hazards for customers’ sensitive financial and personal data.
What is MOTO (Mail Order Telephone Order)?
Topics: Merchant Processing, Electronic Payments
MOTO stands for mail order telephone order. It has become synonymous with any financial transaction where the entity taking payment does not physically see the card used to make the purchase. Here’s what merchants should know about MOTO.
Complete Guide to IVR Payment Compliance
Topics: Electronic Payments, Payments Compliance
When you have a business that accepts orders, manages payments, or is involved with money, you are going to have customers who need to call in. Thanks to modern technology, you can also opt to implement an Interactive Voice Response (IVR) system to handle customer calls.
