Blog
7 Types of Fraud in Credit Card Processing
By PayKoncept |
These are some of the trending frauds, and to prevent them, merchants and payment processors are implementing advanced fraud detection and prevention systems, such as machine learning algorithms, to identify and prevent fraudulent transactions.
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6 credit card processing trends we think you should note: Mobile Payments As smartphones become more prevalent, mobile payments are becoming more popular. This includes using apps like Apple Pay and Google Wallet to make payments with a tap of a phone, as well as using Near Field Communication (NFC) technology to make payments by […]
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Should Your Company Offer Gift Cards?
By PayKoncept |
Does it make sense for your company to offer gift cards? Our answer is a resounding YES. Here are just a few reasons why. Small Business Gift Cards Boost Brand Awareness What happens when someone buys a gift card from your business to give someone else? Well, a few things. But one thing is that […]
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4 Industries That Benefit From Mobile Payments
By PayKoncept |
A lot of companies can benefit from mobile payment processing with a mobile device such as a phone or tablet. Here are just a few: Personal Trainers Should Use Mobile Payments These days, tens of thousands of people work as personal trainers. It’s a great way for them to turn their love of fitness and […]
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Should You Have an ATM in Your Store?
By PayKoncept |
Have you been thinking about adding an ATM to your store? There are many reasons why this may be a good idea, from pulling in new customers and providing additional income. However, there are also a few reasons as to why it may not be a good fit for your specific business. Read on to […]
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3 Ways to Boost Sales Even with COVID Around
By PayKoncept |
Many businesses are struggling right now. Even though a few industries have prospered from this pandemic, most businesses have taken a big hit in sales. Here are a few ways to boost sales for your business – yes, even with COVID still around. Tip #1: Market Your Business Through Social Media Social media is one […]
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What is a Zero-Fee Credit Card Program?
By PayKoncept |
What is a zero-fee credit card program, and why is it good for both businesses and customers? This short article will go into how this program may be a good option for you to keep costs low, attract more business, and increase profit.
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Disputing Chargebacks: All Your Questions Answered!
By PayKoncept |
Have Questions about Disputing Chargebacks? Here’s What You Need to Know. Merchants might have the right to dispute chargebacks, but knowing when and how to execute that right is confusing. Click Here for everything you need to know to ensure success – full article from Chargebacks911.
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Why Does My Business Need an Online Payment Processor?
By PayKoncept |
“Why does my business need an online payment processor?” This is a question we’ve received a few times, so we put together this article to help answer it. Here are three reasons why your company should consider a robust payment processing solution. Reason #1 You Need a Payment Processor: Flexibility COVID-19 has flipped our entire […]
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3 Types of Businesses that Need an Online Payment Processor
By PayKoncept |
Some types of businesses need an online payment processor more than others. Here are a few types of businesses that need the flexibility to take payments online.
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7 things to know about accepting NFC mobile payments
By PayKoncept |
“Near Field Communication (NFC) has become a more common term in the payments industry over the last few years because it’s the technology behind mobile payments. But what exactly is NFC and how does it work? Let’s start with a definition, and then we’ll get into seven things to know about accepting NFC payments.” CLICK […]
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Mastercard is pioneering new payment technology that identifies commuters by the way they walk
By PayKoncept |
“The payment provider is investigating innovative behavioral biometrics such as gait, face, heartbeat and veins for cutting edge payment systems of the future. Commuters may soon be able to ditch their bus pass and access public transport with technology identifying them by the way they walk.” CLICK HERE TO READ FULL ARTICLE FROM MARKETWATCH.COM
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WHO Encourages Use Of Contactless Payments Due To COVID-19
By PayKoncept |
“Because of this concern of COVID-19 potentially spreading infection through physical banknotes, a spokesperson of the WHO has reportedly told the Telegraph that “people should use contactless [payment] technology where possible.” CLICK HERE TO READ FULL ARTICLE FROM FORBES.COM
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Financial Tips To Make Your Business More Successful
By PayKoncept |
“If you have your own business or plan to start one, you bring certain skills and experience to the table. If you own a restaurant, for example, you probably know something about food and cooking. On the other hand, you may be less skilled at managing your finances. Many business owners are experts in their […]
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5 financial steps to take before your next overseas trip
By PayKoncept |
“Planning an international trip can involve a lot of preparation, from booking the travel to making sure your passport hasn’t expired to setting up your cell phone so it works overseas. You’ll also want to take a few financial steps before boarding your flight, from having the right travel card to budgeting wisely.” CLICK FOR FULL ARTICLE […]
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3 Simple Things You Can Do Today to Improve Your Finances
By PayKoncept |
“No, I’m not going to tell you to skip tomorrow’s latte (or whatever minuscule semiregular purchase you make). Sure, you’re welcome to skip it, and if lattes make up a truly consequential portion of your budget, then cutting back would probably help. But for most of us, it’s simply unhelpful advice. CLICK HERE TO READ FULL […]
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Top things every business needs to know about PCI DSS compliance
By PayKoncept |
“For any business accepting credit card payments, PCI DSS compliance should be at the top of its must-do list. The Payment Card Industry Data Security Standard is a set of rules established to create a secure environment within all companies that accept, process, store, or transmit credit card information. “ CLICK HERE to view full article from […]
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Apple Pay, Samsung Pay and Google Pay: How They Stack Up
By PayKoncept |
“You probably use your phone for just about everything – texting, gaming, shopping – but what about as a replacement for your wallet? Mobile payment apps such as Apple Pay, Samsung Pay and Google Pay allow you to use your debit or credit card in stores and online without ever having to pick up a […]
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Tips for Paying Off Your Holiday Credit Card Debt
By PayKoncept |
“The holiday decorations have been put away, the gift boxes recycled. Now it’s time to pay the cost of December’s gift and entertainment binge. “ CLICK HERE to read full article from The New York Times
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6 Tips For Small Business Saturday
By PayKoncept |
“There is a lot of excitement surrounding the upcoming Small Business Saturday on November 30. No doubt there are different strategies and tactics for smaller businesses versus Fortune 500 size businesses, but in the end, all businesses, regardless of size, want to be successful. Some of the strategies that work for small businesses won’t work […]
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Why PCI Compliance has become a critical issue
By PayKoncept |
“Even though people are healthier on average and living longer in the real world, the dreaded cyberattack strikes fear into the hearts of businesses and individuals alike. Whether it’s sensitive business records or personally identifiable information with a credit card number, we need to think about protecting ourselves online the way we used to think […]
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How to Get the Most Out of Your Digital Wallet
By PayKoncept |
“Payment apps can speed up register checkout and replace that paper and plastic clogging your billfold. Here are six steps to make them work for you.” CLICK HERE to read the full article from The New York Times
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October is Financial Planning Month
By PayKoncept |
“October is Financial Planning Month, and a good time to think about your end of year financial goals. As we start looking ahead to the new year, Financial professional Dale McCarty, President of Retirement Designers Financial shares some tips for a financial check-up.” CLICK HERE to view full article from KXII-TV 12
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The Best Credit Cards for Recent College Grads
By PayKoncept |
“Your first few years after college are like getting thrown into a bad game show. You need to balance a new career, a bevy of new living expenses, an eventual retirement to start saving for, and student loans with a grace period that’s far too short. And don’t forget: You need to build credit, so […]
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Worldpay adds smart terminal from PAX to its SmartPay Series™
By PayKoncept |
“Worldpay, PAX and AEVI are revolutionizing the POS experience by providing merchants tailored, value-added solutions on a handheld device. Vantiv, now Worldpay, Inc. (NYSE: WP) announced today at ETA TRANSACT (Booth #410) it is adding the handheld PAX A920 to its line of SmartPay Series™ terminals. These devices feature a single software platform providing a common […]
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Why Mastercard Stock Could Continue to Rise Despite Predicted Economic Slowdown
By PayKoncept |
“Consumer spending and changing payment habits have Mastercard shareholders smiling. Mastercard, one of the world’s largest payment processing companies, has benefited tremendously from a growing U.S. economy as well as a shift in consumer trends from spending cash to swiping cards — and, more recently, to mobile payments.” CLICK HERE to view article from The […]
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Visa Introduces Suite of Security Capabilities to Help Prevent and Disrupt Payment Fraud
By PayKoncept |
“Visa today announced a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cybersecurity and fraud prevention. The new payment security services and capabilities help protect the integrity of the payments ecosystem by detecting and disrupting fraud threats targeting financial institutions and merchants, as revealed at the Visa U.S. […]
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American Bankers Association, Mastercard and Visa Among Latest Members of FDX
By PayKoncept |
“FDX is aligning industry players to bring a common approach to consumer control of financial data through an open banking API and technical standards that prioritize security, transparency and user experience. The newest members include: The American Bankers Association (ABA), Blanc Labs, Flinks, Mastercard, Mountain America FCU, Principal Life Insurance Company, SunTrust and Visa.” CLICK HERE […]
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The Rise Of 5G Means Great Things For Mobile Payments
By PayKoncept |
“You’ve likely heard a lot about the advance of 5G so far, and while you may not even be sure just what it is, you’ve been treated to opinions all up and down the spectrum suggesting that this will either make us all blissfully happy or give us cancer in our sleep. As is so […]
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Upgrading to EMV Reduces Fraud Liability and Boosts Customer Experience
By PayKoncept |
“Many small businesses operate on tight margins. That’s one reason they have been slow to upgrade their payment systems to accept EMV chip-enabled cards. Many are also stymied by the cost and complexity of the required changes.Unfortunately, delaying can have expensive consequences.” CLICK HERE to view article from Entrepreneur
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5 Credit Card Changes — With More Rewards, Less Fraud — Coming Soon
By PayKoncept |
“Credit cards are a little like sports cars: A newer, shinier, more exciting version that includes richer rewards or better fraud protection is often just around the corner. When 260 people from the credit card industry, credit bureaus, and financial media gathered in Washington, D.C., recently for CardCon — a credit card and media conference […]
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