The Point-of-Sale (POS) Transaction

Greg Cohen | VIEW PROFILE

May 1, 2014

Point-of-Sale Transaction

I have spent nearly 20 years in the payments industry and like many of us, when I talk about something I’ve been so involved with I often take certain things for granted. As more and more stakeholders engage in payments and commerce it reminds me that a “back to basics” blurb...

How to Avoid Downgrades

Shannon Andrade | VIEW PROFILE

May 31, 2012

Shannon Andrade |

Whether you are currently accepting credit cards, or plan on doing so, it is important to know how to save money by avoiding downgrades whenever possible. A downgrade simply means that you are being charged a rate increase because the type of card your customer is using has a...

Factors to Consider When Choosing a Merchant Account

Shannon Andrade | VIEW PROFILE

May 31, 2012

Shannon Andrade |

There are several factors to look at as well as traps to avoid when choosing the best merchant account for your business. This article should help guide you in making the best choice for your business when choosing a merchant account. Suspiciously Low Rates Make sure the rate...

Defining the Different Types of Merchant Accounts

Shannon Andrade | VIEW PROFILE

May 31, 2012

Different Types of Merchant Accounts

In the payment processing industry, every merchant is classified into a specific “merchant account type” category, based on how they collect card information and conduct transactions. To learn which category your business is classified under, we have defined the...

Does your Business need Credit Card Software or a Terminal?

Shannon Andrade | VIEW PROFILE

May 31, 2012

Credit Card Processing Equipment

Deciding on whether you want to use a credit card terminal or some form of payment processing software to handle card transactions should is usually fairly straightforward. The answer generally depends on the physical environment in which you will be accepting the charges....

Does Your Business Need a Wireless Credit Card Terminal?

Shannon Andrade | VIEW PROFILE

May 31, 2012

Shannon Andrade |

Is your business suffering because you’re unable to accept credit cards while on the road? Or worse, are you losing sales to declined credit cards processed off-location, without the customer or card present? If so, your business may need a wireless credit card terminal. For...

Selecting Credit Card Equipment for Your Business

Shannon Andrade | VIEW PROFILE

May 31, 2012

Shannon Andrade |

With so many different types of credit card equipment on the market these days, choosing the correct type for your business can be a confusing task. In order to help guide you towards the correct choices, here are some questions you should ask yourself when shopping for...

Reasons to Avoid Credit Card Terminal Leases

Shannon Andrade | VIEW PROFILE

March 2, 2012

Credit Card Processing Equipment

Businesses often look at leasing as a viable alternative to purchasing high priced equipment. After all, not many small businesses can foot the bill for a $15,000 color copier. But would you lease a $200 cell phone or a $300 cash register? Of course not! So why do some...

Credit Card Authorization Process

Shannon Andrade | VIEW PROFILE

January 31, 2012

Shannon Andrade |

Ever wonder how credit card authorization really works? Where does the credit card information go once you enter it into a credit card terminal or POS? When a credit card is swiped and a credit card authorization process is initiated, the information is sent directly to a...

Magnetic Stripe Reading Terminal

Merchant Warehouse | VIEW PROFILE

December 10, 2010

A magnetic stripe reading terminal is a point-of-sale (POS) machine that reads encoded information with a magnetic head, similar to that of a tape recorder, from a magnetic stripe of a credit card or other bankcard when it is swiped into a terminal passage area. The terminal...