CFIB and Mastercard Discontinuing Preferential Interchange Agreement
Mastercard has announced that they are ending their preferred interchange rates for merchants who are a member of CFIB (the Canadian Federation of Independent Businesses) according to a recent update from the organizations.
Small Business Center
How Online Payments Can Benefit Small Businesses
Businesses of all sizes can benefit from offering online payment options for their customers
Have You Heard of the Overpayment Scam?
We’ve noticed a recent resurgence in popularity for the Overpayment Scam. The con involves fraudsters paying for a purchase with a stolen credit card, then requesting that you either forward some of the funds to a third-party or refund the purchase to a different form of payment.
Your Interchange Fee Questions Answered
Here are some common questions related to the interchange fee that can help you better understand the payment processing fees your business is paying.
Debunking 6 Myths About Accepting Chip Credit Cards
If you’re new to accepting payments, or if your business operates in a region where swiping cards is still in fashion, then you may have heard some myths or misconceptions about accepting and using EMV enabled cards for payments.
The Helcim Vlog
Working in Payments is Awesome
On the surface, you might wonder how working in the payment processing industry could be exciting. Talking about credit and debit cards, Visa and Mastercard, interchange rates and bank reconciliation wouldn’t seem like a very popular conversation at a cocktail party. But I want to scratch past the surface and show how payment companies operate in a unique place in the world of business.
How Your Role in a Credit Card Transaction Changes Your Risk
Understanding where the unique risks lie for each entity involved in a transaction can help you better understand the fees you pay as a merchant, the processes - both apparent and hidden - you’re involved in each time you process a credit card, and your business’ general place in how it all works.
Are Credit Card Signatures Becoming a Thing of the Past?
Amex, Mastercard, and Discover have all stated that merchants can stop requesting signatures as of April 13th, and Visa is expected to follow suit shortly. The change applies to customers in multiple countries depending on the card brand.
Terminal Update Gives US Merchants Lower Debit Processing Rates
Helcim’s partner bank Elavon has issued a software update so that when terminals detect a debit card, the terminal will auto-select the debit network.
Best Practices for Card-Not-Present Transactions
There are a few best practices you can follow to help protect your business from inadvertently processing a fraudulent card-not-present transaction and to help protect your business and your customer’s personal information.
End-to-End Encryption for the Payment Industry
End-to-end encryption also referred to as E2EE, is a common process for securing communications that are being sent between two different people or companies to help protect the information from being accessed from an unauthorized third party while it’s being transmitted.
Small Business Center
Online Payment Trends for 2019
As ecommerce sales continue to increase and customers become more familiar with what a good online customer experience is, it’ll become more important than ever for businesses who are operating in the online space to know what the online payment trends are and how the trends can be adopted by their businesses.