By and large, the internet has made the transfer of information much faster, and our lives much easier. Banking and transactions are no exception—over half of U.S. adults use online banking for their daily banking tasks. However, while online banking is much faster nowadays, it can be less secure than face-to-face banking if you don’t take the proper precautions.
Category: secure payment processing
How To Secure Online Payments And Protect Customer Data
In the last few years, the National Security Agency (NSA), Facebook, and MyFitnessPal found themselves involved in data breach scandals. As a result, we’re living in times of increasing concern regarding privacy and misuse of personal information. While the debate is vital to avoid history repeating itself, it poses a challenge for companies that offer online payments.
The Equifax Breach and Your Business
As one of the three major credit monitoring and reporting entities, this organization is tasked with tracking and rating the financial history of consumers. Their reports contribute to crucial financial decisions. For example, if you want to purchase a home or a car, your lender will pull your credit report from one of the three institutions, including Equifax.
Even the interest rate your bank gives you on your credit card is based off of their reporting.
Breach Days: Equifax and Beyond (updated)
When this post first appeared last summer, we called it “The Breach Days of August,” sounding various alarums from what had been the just concluded Black Hat conference in Las Vegas (a gathering of mostly “white hat” hackers). In what surely now must strike us a more innocent times, we mentioned
that CNN Money was reporting that EMV chip cards — the very things allegedly keeping us safer at point of purchase could perhaps be rewritten to “appear like a chipless card again. This allows them to keep counterfeiting — just like they did before the nationwide switch to chip cards.”
Importance Of Mobile Credit Card Processing
In the past few years, mobile processing has revolutionized the way in which many business models operate, as well as create an avenue for start-ups to get their proverbial feet wet. For example, we all know that most new businesses fail within the first two years. Rather than invest in a physical location, massive inventory, or huge upfront costs, budding entrepreneurs can experiment on a small scale to demonstrate proof of concept.
How To Prevent Financial Risks When Traveling Or Shopping
We are deep in the heart of the summer travel and shopping seasons, which means more of us are getting out, getting on the road, and exploring new places. Tourism and travel help boost our economy, and promote prosperity among many communities across the nation. However, this time of year also creates serious dangers when it comes to the safety and security of your financial information. The last thing you need is to go out of town, only to get stranded because some enterprising thief or hacker managed to steal your credit or banking information.
If It’s Wednesday, It Must Be SID4B Training Day! (WebEX Link Inside!)
We’re excited here at AVP Solutions, as Wednesday, April 19th rolls around!
Not because it’s the day after Tax Day (well, maybe a little because of that), but because it’s our long-talked about SID4B Training Day, at last!
Our mission at AVP Solutions has always been to equip our merchants with the most comprehensive services and the highest level of customer service available, and as you know, we’ve been rolling out SmartIDentity for Business (SID4B) to our core suite of services!
Credit Card Processing Risk Management Solutions
With summer only a couple of months away, now is a good time for seasonal or tourism-oriented businesses to give additional thought to secure payment processing. This hectic season brings an opportunity for profit and brand-building, but it also entices word-be thieves to take advantage of the growing crowds.What makes seasonal businesses so attractive when it comes to card skimming, cloning, and the use of counterfeit credit and debit cards?
Benefits Of Mobile Processing For Small Business
In the past, the AVPS team has talked about how mobile credit card processing has revolutionized innovative small business models. From food trucks to seasonal businesses, mobile processing removes the typical restrictions that keep entrepreneurs chained to traditional brick and mortar storefronts.
Fraud Prevention. Why This Issue Affects All of Us
The issue of secure payment processing is obviously a longstanding battle between banking institutions and thieves, but this is a problem that affects both business owners and customers as well. We often think of the effects of fraud on a singular level—how it affects us. However, with thieves and hackers always on the cutting edge of innovation, we all must band together to combat this pressing problem
