Eugene O’Rourke is recognized as one of the top 40 executives under the age of 40 by the Jacksonville Business Journal, marketing executive of the year by the Best in Biz awards, recipient of the BizTech Innovation award, and several Horizon Interactive Media awards.
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.
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.
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.
Ensuring adherence to AML is essential in allowing financial technology companies to continue innovating. Fortunately, there are services that can help new financial innovations meet Fintech compliance obligations.
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.
Using credit and debit cards is convenient for consumers. However, processing those payments can be pricey for merchants. Through imposing surcharges, your company can continue to enjoy the convenience of accepting card payments without carrying the burden of high processing fees.
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