Credit Card Acceptance

Payment Tokenization

Tokenization of a credit card To better understand what Payment Tokenization is, you can think of it this way; Imagine going into a casino with your Cash (fun right?) Once your there, you don’t use your cash at the tables you use Poker Chips instead. These Poker Chips in essence represent your Cash. Using these Chips reduces the risk the Casino, as well as the Gamblers would take with actual Cash being used. The Cash is stored safely in a [...]

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What is the CVV Code?

To start with, the CVV–or Card Verification Value– code has many other names and abbreviations, including CVV2, card security code (CSD), card verification data (CVD), and verification code (V-Code).  This code can be found on all major credit cards; on Visa, MasterCard, and Discover it is a three-digit number found on the back of the card next to the signature panel.  On American Express, it is a four-digit number found on the front of the card. These codes are a rather [...]

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Spyware Targeting POS Systems

As merchants, we know you are always following procedures to keep card information safe, but now there is a new threat that everyone needs to be aware of:  spyware and malware programs specifically targeting merchant point of sale (POS) systems. There is one spyware program called “Dexter” that is designed to steal magnetic stripe data and can track data from Windows-based POS systems.  This stolen data can then be used to create counterfeit cards for fraudulent transactions.  Computerworld reports that [...]

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Business Types and Why They Matter to Your Merchant Processor

In today’s age, being able to accept credit cards at your business is a necessity.  Most consumers don’t carry cash but will usually have a debit or credit card on them at any given time.  For business owners, this means setting up a merchant account. Obtaining a merchant account does require an application process, which will determine what type of account is required for your business.  Determining this will depend on your type of business and how you accept credit [...]

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Verify Card vs. Cardholder

You have seen it before: you hand your card over to the cashier at your favorite fast food place, and even though your card clearly has the words, “Please see ID,” written on the back, no one actually asks to see your ID.  It may seem unimportant in some situations, like when the person swiping your card personally knows you, but how often is that really the case? Now think about this as it pertains to your business.  When you [...]

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NPC Mobile

How people pay for products is changing, and so is the credit card processing industry.  People don’t want to carry cash, but still expect to be able to pick up a handcrafted ceramic mug at a local festival, or pay for a quick plumbing fix.  With this in mind, traveling and home-based merchants know they have to be ready to accept card payments at any time.  That is where the NPC Mobile device comes in. In the past merchants have [...]

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Accepting Credit Cards

In today’s marketplace it is wise to offer your customers the ability to use their credit cards for purchases.  The mention of this can make some merchants cringe due to price but it can be well worth the cost.  There are many variables to consider. Some credit card processing companies charge over 5% plus additional transaction fees.  This can cut into your profit significantly.  At National Payment Corporation, we believe that credit card processing should be affordable on any budget.  [...]

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