Secure Payment Processing 101

Secure Payment Processing

Key Takeaways Secure payment processing is crucial for merchants to protect customer data and prevent fraud. Key factors for secure payment processing include authentication, confidentiality, and integrity of transactions. Different methods of secure payment processing include SSL encryption, TLS encryption, tokenization, 3-D Secure, and P2PE. Merchants should adopt a multilayer security strategy and choose a…

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7 Ways Small Businesses Can Rise Above Inflation

Small Business Inflation

As a small business owner, you’re always looking for ways to keep your bottom line in the black. But with inflation in the United States reaching 8.5 percent last month – the highest rate since 1981 – that’s becoming increasingly challenging. Combine inflation with the COVID-19 income loss and supply-chain difficulties, and profitability and viability…

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Surcharges vs. Convenience Fee: What’s the Difference?

Surcharges vs. Convenience Fees

High-risk merchants can expect to pay more in credit card fees than their low-risk counterparts. One way to reduce the cost of merchant processing is to assess a surcharge or convenience fee on transactions – but what’s the difference between the two? In this blog post, we’ll break down the differences between these two types…

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Payment Technology Creates Healthy Patient Relationships

Healthcare Payments, Contactless Payments, Electronic Payments

We’ve all received a mailed billing statement from our healthcare provider that made us angry and confused. Ancient procedures still dominate the healthcare industry, and providers are long overdue for an upgrade. Disconnects like this put patient loyalty and satisfaction at risk for providers and hospitals. Throughout this post, we’ll discuss how adopting contactless healthcare…

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3 Payment Trends to Watch

Payment Trends

Payment trends are a powerful signal of how businesses and consumers respond to fundamental global changes in technology, demographics, policy, and the economy. Payments have become not only digitalized but global on scales we’ve never seen before. As we wrap up 2021, here are three payment trends to watch: AI FinTech is beginning to embrace…

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