APS Blog

4 Tips to Understanding Merchant Statement Fees

Posted by Patty Benitez on Nov 26, 2018 3:23:31 PM

Understand how you can reduce merchant statement fees and save money!

Are you getting the best rates with your merchant services provider?  How would you know?  As a merchant, you have options when it comes to merchant service providers. The cost of processing credit cards can get out of hand if you are not able to keep a close eye on your monthly merchant statement. If you think your monthly credit card processing merchant statements are confusing, you are not alone. It is very possible that your merchant statement is confusing by design. If you look into your processing fees and start rate shopping, you might find some good reasons to switch to another processor.

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Topics: Level 3, Credit Card Processing, PCI Compliance

What is Level 3 Credit Card Processing?

Posted by Patty Benitez on Nov 7, 2018 1:05:51 PM

How can my business benefit from Level 3 processing?  

One common question that our team at American Payment Solutions (APS) receives from many merchants is, “What is the difference between Level 1, Level 2, and Level 3 processing?”

Selecting the right processing level for your business simply requires understanding how much data you are able to provide about your transactions. The more data provided to Mastercard and Visa, the higher the savings.  Offering more data results in added security and protection from fraud as well as lower credit card transaction fees. As explained below, Level 3 processing provides the best security and requires the most data.

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Topics: Level 3, Credit Card Processing, PCI Compliance

New PCI DSS Compliance Evaluation Tool to Help with Data Security

Posted by Patty Benitez on Oct 22, 2018 3:51:36 PM

Just this summer, the PCI Security Standards Council (PCI SSC) released a new Data Security Essentials Evaluation Tool that helps small merchants assess security practices and evaluate how they are addressing potential security risks. This tool is an easy-to-use guide made to help you assess your PCI DSS compliance evaluation and security policy for 2018 and 2019. The tool walks you through a series of questions based on your specific method of collecting payments and individual payment environment. The purpose of the tool is to inform you of any security breaches made possible by the way that you process and store credit card data. Once you answer the series of questions, you will have clear and workable suggestions for data security improvements for improved PCI DSS compliance.

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Topics: PCI Compliance

PCI DSS Compliance Checklist – Get Ready for 2019

Posted by Patty Benitez on Oct 8, 2018 1:53:30 PM

Payment Card Industry Data Security Standard (PCI DSS) offers several layers of protection for credit cardholders against theft. Merchants are required to maintain current standards of compliance to protect your cardholder data and avoid penalties in the event of a security breach.  The PCI Security Council outlined the 12 steps you can take to ensure compliance and protect your customer’s data.

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Topics: PCI Compliance

Exciting Raffles Announced for Each 2018 Acumatica Road Show Location

Posted by Patty Benitez on Oct 3, 2018 2:57:35 PM

$7500 CASH! American Payment Solutions (APS), the leading integrated Acumatica payment processing solution and sponsor of 2018 Acumatica R2 Roadshows, Partners with Multiple Industry Leaders, Gives Attendees Multiple Opportunities for Cash prizes

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Topics: Level 3, PCI Compliance, Level 3 processing, Acumatica

ClickToPay:  Sage 100cloud Payment Processing and Repetitive Invoice Entry

Posted by Patty Benitez on Sep 25, 2018 2:06:55 PM

Service related companies may have a service contract, whereby a customer pays for recurring services.  If you are using Sage 100cloud there is an easy way to set-up repetitive invoice entry for your customers depending on the billing cycle (weekly, monthly, quarterly etc.)  Sage 100cloud users have the option of collecting payment for ALL invoices with Sage 100 ClickToPay Payment Processing.

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Topics: Level 3, PCI Compliance, Level 3 processing, Sage 100 Credit Card Processing

Sage 100cloud Integrated Payments

Posted by Patty Benitez on Aug 6, 2018 3:44:24 PM

5 Ways to Save and Get Paid Faster With Sage 100cloud Integrated Payments


Sage 100 Credit Card Processing ClickToPay

Accepting credit cards is an essential part of doing business.  The trick is to get the lowest credit card processing rate possible and make it as easy as possible for the customer to pay.  Here are three ways to save money and get paid faster with Sage 100cloud integrated payments:

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Topics: Level 3, PCI Compliance, Level 3 processing, Sage 100 Credit Card Processing

Why Migrate from SSL and Upgrade TLS to 1.2 or Higher?

Posted by Patty Benitez on Jul 17, 2018 3:42:30 PM

These days most consumers feel confident using credit cards online through e-commerce shopping carts and transacting personal data with businesses. Since businesses are entrusted with consumer confidence and personal data, it’s vital to protect this data from cyber-attacks. When it comes to credit card processing, it requires constant oversight to protect their customer data and avoid becoming victimized by persistent criminals. This article is to inform you about why you need to migrate from SSL and upgrade to TLS v1.2 or higher for secure and compliant credit card payment processing.  

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Topics: Level 3, PCI Compliance, Level 3 processing, Sage Credit Card Processing

Sage 100 Level 3 Credit Card Processing

Posted by Patty Benitez on Jul 2, 2018 9:28:00 AM

Use Sage 100 level 3 credit card processing when accepting credit card payments to significantly reduce processing fees.

It's easy to accept electronic payments, it's more challenging to reduce fees.  Our team at APS works diligently to get you the lowest credit card processing rates. We offer integrated Sage 100 Level 3 credit card processing in addition to our other level 3 ERP integrations. Our Sage 100 PCI-compliant security solutions feature point-to-point encryption (P2PE), tokenization, and our APSPAYS Vault, eliminating card data that typically would be stored on a local server. 

We also walk our merchants through the PCI Compliance Self-Assessment Questionnaire (SAQ), eliminating the Non-PCI Compliance Fee most merchants pay every month. 

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Topics: Level 3, PCI Compliance, Level 3 processing, Sage 100 Credit Card Processing

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