APS Blog

Is Your Business Ready for the Future of PCI Compliant Credit Card Processing?

Posted by Patty Benitez on Jun 21, 2018 9:51:04 PM

 7 Growing Credit Card Processing Trends Transforming the Payments Industry 

  1. In-store mobile payments are expected to overtake credit cards and grow from $75 billion to $503 billion in 2020
  2. The top mobile wallets used at small and medium businesses are Apple Pay (16.6%), Google Wallet (516.0%), Android Pay (%11.3%), and Samsung Pay (8.2%).
  3. The top 3 payment methods of online shoppers are credit cards (42%), electronic payment (39%), and debit cards (28%).
  4. There will be 27.7 million mPOS devices in circulation in the U.S. by 2021, an increase from 3.2. million in 2014.
  5. Over the next 5 years, blockchain technology is expected to reduce the costs of accounting reconciliation by 70% and compliance costs by 30-50%.
  6. Enhanced customer experience is the future of payments, as more than 60% of Millennial and Gen Z consumers are willing to share their bank account credentials with third parties.
  7. Biometric authentication such as fingerprint ID and facial recognition will be used in more than 18 billion transactions by 2021.

Source:  http://paymentsjournal.com/7-trends-for-the-future-of-payment-processing/.

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Topics: Credit Card Processing, PCI Compliance

Sage 100 TLS 1.2. PCI Compliance

Posted by Patty Benitez on Jun 13, 2018 12:52:43 PM

Our Sage 100 credit card processing integrations team works diligently to help keep our merchants’ data safe. For Sage 100 merchant processors, this means we need to ensure all our customers are following the PCI-DSS Regulations. On June 30th 2018, TLS 1.0, SSL V3 will no longer be a PCI approved method of running transactions. To maintain PCI Compliance, payment processors and gateway providers are removing security certificates, which will disable older versions of Sage 100 legacy software using this legacy encryption method. This means processing this way will not be considered PCI Compliant, and all transactions will stop working eventually.

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Topics: Sage 100 Credti Card Processing, PCI Compliance

APS Supports TLS 1.2 in Sage 100 4.4, 4.5 and Subsequent Versions!

Posted by Patty Benitez on Jun 6, 2018 6:39:47 PM

According to posts on the internet and information gleaned from our Channel Partner Network it would appear that on May 2nd, 2018 Sage 100 versions 4.5 and prior, formerly MAS 90 and MAS 200, could no longer process credit cards through Paya, formerly, Sage Payment Solutions.  Most companies on these versions of Sage 100 mentioned they had a processing blackout for over 24 hours, some even longer.  It is currently unclear whether the companies using these versions have abruptly been forced to stop processing or whether they will be forced to stop processing as of June 30, 2018 the last day the card brands will allow transactions to flow on any TLS lower than TLS 1.2.   

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Topics: Sage 100 Credti Card Processing, Credit Card Processing

Acumatica Credit Card Processing:  PROS and CONS Behind Flat Rate or Tiered Pricing

Posted by Patty Benitez on Jun 4, 2018 1:08:06 PM

There are a few main types of credit card processing rates with their own advantages and disadvantages. There are flat rates, tiered pricing rates, interchange plus rates, Level 1, Level 2 and Level 3 processing rates. 

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Topics: Credit Card Processing, Acumatica

7 Items to Consider When Switching Merchant Services Providers

Posted by Patty Benitez on Jun 4, 2018 12:44:48 PM

Read this article before switching merchant service providers.

Switching merchant services providers may seem like a hassle if you are switching to save money it’s worth it and your new provider should make it as painless as possible.  However, there a few important items to consider when making the switch.  Credit card processing is a commodity, companies usually switch for a few main reasons; to get better rates, enhanced integration, superior support and/or to ensure PCI compliance

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Topics: Credit Card Processing

2018: Data Breaches Hit Record High Costs for SMBs

Posted by Patty Benitez on Jun 1, 2018 7:56:15 PM

New research from Kaspersky Lab shows that the average cost to small-to-medium sizes businesses in the United States and Canada has reached record highs.

The company found that data breaches now exceed $140,000 for SMBs (up 36% from 2017). Most of the cost comes from the need to quickly upgrade infrastructure and software, but there are hefty fines if the data that was compromised included credit card data. For enterprise companies, the costs are even greater, with the average data breach cost being $1.75 million on average.

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Topics: PCI Compliance

New “ClickToPay” Sage 100 Credit Card Processing Functionality

Posted by Patty Benitez on May 21, 2018 4:56:21 PM

Sage 100 Credit Card Processing ClickToPaySage 100 users now have the ability to get invoices paid almost as fast as their invoices are printed. It’s like adding a 24 hour a day collection agent to your staff. Customers demand convenience especially when it comes to paying for your products and services.  ClickToPay is designed to help companies get paid faster for the products and services they offer.  ClickToPay is a simple and secure credit card processing payment feature enabling your customers to pay invoices with the click of a button.  Invoices are paid and processed online, anytime.  It is super easy to set up in Sage 100 and also easy for your customers to use.  Sage 100 users can rest assured that this automated process is PCI compliant and your customers information is secure. 

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Topics: Sage 100 Credti Card Processing, sage virtual terminal

Sage 100 is Going EMV

Posted by Patty Benitez on May 16, 2018 1:54:18 PM

If you are a Sage 100 end user, you’ve probably learned that card present transactions aren’t the easiest payments to process through your ERP. For years, USB Swipers have been the only way to process transactions in a card present environment, unless you want to purchase a full-scale point of sale, which can be very costly in the ERP space. USB Swipers do not have the ability to process transactions using the EMV-embedded chips, which have been a standard since 2016 in the USA.

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Topics: Sage 100 Credti Card Processing, sage virtual terminal

Visa Claims Resolution (VCR), Credit Card Processing Chargeback Process Transition

Posted by Patty Benitez on May 2, 2018 9:01:00 AM

Credit Card Processing Chargeback Process to Transition from Litigation Based to Liability Assignment Based Model 

If you understand that “change is the only constant in life,” then it’s no surprise Visa introduced the new Visa Claims Resolution (VCR) on April 15, 2018 to simplify the credit card processing chargeback process.  In business, change is often painful but required to adapt to the rising cost of doing business.  Merchants are now figuring out how to adjust to this recent change that Visa made to the rules.  We hope this blog helps assist you in your transition to the new rules in handling Visa credit card processing chargeback disputes and the new time-frames allowed to process those disputes.

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Topics: Credit Card Processing, Visa Chargeback Process

Credit Card Processing PCI Compliance in 12 Steps

Posted by Patty Benitez on Apr 30, 2018 11:08:00 AM

Credit Card Processing PCI Compliance:  What can you do to protect cardholder data and meet security standards?

There is no easier way to become PCI Compliant than working with the experts at American Payment Solutions.  Back in the old days, criminals would rob banks and trains full of cold hard cash.  These days, criminals try to steal credit and payment card data from exposed networks among other modern-day tactics that leave companies and card holders vulnerable.  They are constantly searching for victims.  Thankfully, the Payment Card Industry Data Security Standard (PCI DSS) was developed in accordance to credit card processing PCI Compliance standards with several layers of protection against theft. Here are 12 steps you can take to protect your cardholder data and facilitate the broad adoption of consistent data security measures on a global scale.

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Topics: Credit Card Processing, PCI Compliance