Black Friday and Cyber Monday were a successful beginning to this year’s online holiday shopping season. On line transactions for Cyber Monday were up 60% over last year, totaling 4.89 million compared to 3.06 million last year.Internet transactions and sales jumped higher on the Tuesday after..
What is a High Risk Merchant?Well-managed businesses often wonder why their company is placed in a high risk processing classification.Keep in mind that a high risk processing classification is simply a label. Classification as a high risk merchant has little to do with the specifics of a..
The recently released Payment Card Industry data-security standard (PCI) Version 2.0 does not contain any major changes. But, there were some small revisions for payment processing security.Clarifications and additional guidance included in the updates include:New language involving the scope of..
Health care payment processing for medical services are handled in a dismally ineffective way by the majority of medical care providers. Physicians and hospitals are collecting only 50% health care payments from insured patients. For the uninsured, the portion of patient payments drops to a..