In a recent video interview with MagTek, held at the ETA 2010 Annual Meeting and Expo in Las Vegas, Director of BluePay Kristen Gramigna discussed the benefits of secure credit card processing solutions for both small and large businesses. Among the critical points she touched upon included BluePay services that range from virtual terminals to recurring billing, as well as the importance of credit card tokenization and data encryption at the point of sale.
As of July 1, 2010, the Card Associations will require merchants and retailers everywhere to comply with PCI standards for a more secure payment and credit card processing system. Becoming PCI compliant involves the use of advanced technology and tight security standards to keep customers’ sensitive credit card data safe from credit card fraud and security breaches. Point-to-Point Encryption (P2PE) is at the top of the list when it comes to emerging technologies that protect information and help merchants meet PCI requirements.
As consumers rely increasingly on the Internet to make convenient and efficient payments, e-commerce merchants must take the proper precautions in making their payment processing system as secure as possible. If a customer’s credit card information is compromised and used for fraudulent activity, not only can the customer suffer from damaged credit and lost funds, but merchants can also be held responsible and end up paying hefty fines for the stolen data.
You may run a business and accept credit cards, but you’re also a consumer. As a cardholder, do you know the different ways to avoid credit card fraud? Understanding common types of fraud and schemes that involve stolen credit card information can help you reduce the risk of your own identity being stolen. Below are just a few guidelines for consumers to follow to avoid fraud.
The BluePay team recently joined in the Electronic Transactions Association’s (ETA) 20th anniversary celebration by attending the 2010 ETA Annual Meeting and Expo. This year’s expo was held from April 13 to 15 at the Mandalay Bay Resort and Casino in Las Vegas. As recurring attendees at the show, BluePay was able to share and exchange innovative payment processing ideas with industry leaders and to develop new solutions to improve our services and products.