Archive for the ‘PCI Compliance’ Category

The Federal Reserve is proposing new caps on debit card swipe fees, but unless you are a business merchant, you probably do not understand swipe fees and their impact.

A  ’swipe’ fee covers multiple fees, which merchants pay to the electronic payment processing networks when customers pay with a debit or credit card.

The largest swipe fee is the interchange fee. The interchange fee typically is synonymous with swipe fees, but interchange fees are a portion of the swipe fee that goes to the card issuing bank. Read the rest of this entry »

Visa is targeting better fraud detection by upgrading its global processing platform VisaNet. Visa is developing new fraud models that enhance the speed and accuracy with which they can detect attempted payment card fraud. (Source)

Over the past couple of months, the credit card processing industry has seen several phone companies jump into the merchant processing arena. While we welcome the competition and challenges, what about your security?

A great article today in CNN Money is Your Most Dangerous Possession? Your Smartphone. While you think life is becoming simplified with iPhone, etc. what about the security risks? At ClearChoice we have risk management in place to monitor transactions as they happen.

Read the rest of this entry »

Businesses work hard and we understand that, that is why we are committed to providing low interchange fees and quality service. While other companies sign and charge, we bring added value by staying on top of PCI Compliance and payment processing news.

This industry changes daily and it is our obligation to make sure you are able to make and secure transactions within a timely manner. To help educate others with the payment process, ClearChoice will be providing news, tips and information about credit card processing, online processing, credit card machines and credit card software. Read the rest of this entry »