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Category: Merchant Business Tips

September 13, 2017

PCI DSS 3.2 – Important January 31, 2018 Deadline & Clarifications

pci compliance

Technical changes to PCI Compliance are coming in the near future.  This document is intended to be shared with your network administrators, software providers or hardware vendors.  While it is very technical, experienced network managers will understand the terms used to keep your client’s data safe.  In most cases, your software provider will make sure that you adhere to PCI Compliance standards.  However, if you don’t use a commercial software application, this information will be needed by your administrator.  Chosen Payments is always available to assist you with PCI Compliance but it is up to you as a merchant to...Read more


September 6, 2017

Are You A High Risk Merchant?

merchant

Have you been classified as a “high risk” merchant?  This designation can be given to a variety of merchants based on many different factors. It certainly has a bad connotation to be called “high risk” for anything. You probably pride yourself on running a quality business that plays by the rules. Unfortunately, there are some industries that are just considered high risk and it doesn’t matter how tight you run your business, the credit card issuers such as Mastercard, Visa, American Express and others have deemed your industry to be a high risk industry. No matter how awesome you are...Read more


August 16, 2017

Technology – Watch It, Use It, Grow With It

technology

Transportation companies, newspapers and video stores are just three examples of industries who have seen sweeping changes in the way they do business, or don’t do business at all anymore.  Companies which were once giants in these fields such as Blockbuster have either gone bankrupt or seen a massive loss in their profits.  Yet the demand for the services they provide is still here!  People will always need a ride.  They will always want to keep up with current political events and watch movies. Since this is the case, what happened? The answer is simple: other companies are doing the...Read more


August 2, 2017

Chosen Payments – So Much More Than Just A Credit Card Processor

credit card processor

We often say, “We are so much more than just a credit card processor”.  Without a doubt, whether you are in the funeral care industry, the jewelry industry, the ground transportation industry or one of the many other vertical specialties we serve, you have seen Chosen Payments at one of your industry’s events. Our motto is, “Your Partner In Success”.  It’s not just a motto.  It’s a way of life.  It is the way we conduct business.  From sponsoring a clambake on the shores of Monterey Beach for the California Funeral Directors Association to organizing a casino night for the...Read more


July 26, 2017

Encouraging Mobile Payments

mobile payments

Mobile payments or mobile wallets as they are sometimes called can speed up service for consumers, be a convenience for both the customer and the merchant and offer operational benefits for those encouraging the use. Mobile payments such as Apple Pay, Google Pay and others are accepted at more and more locations but there is a reluctance for consumers to use them. Getting your customers to use mobile payments might be a bit of a challenge. According to recent studies, only $1 of every $148 retail dollars spent is done by mobile payments. Why is that? The number one answer from the consumer is...Read more


July 25, 2017

World’s Largest Credit Card Processor Recognizes Chosen Payments

nhra

The National Hot Rod Association (NHRA (http://www.nhra.com/melloyello)) has long been known for producing the fastest four seconds in motorsports. Traversing a quarter-mile in the blink of an eye, NHRA funny-cars leave clouds of smoke in their wake before blasting down drag strips at speeds approaching 350 miles per hour. But if the roar of a 10,000 horsepower engine, and the smell of smoldering rubber doesn’t get your gears turning…maybe this will: As a governing body with 60,000 members, the NHRA presents a huge business opportunity to First Data that extends far beyond the race track. And thanks to the work...Read more


July 19, 2017

Managing Mobile Fraud

mobile fraud

Over 2 billion smartphone and tablet users are expected to make at least one mobile transaction during 2017. Mobile purchases are dominated by young shoppers, mobile commerce (aka mCommerce), already accounts for over 50% of US online transactions. It is likely to become the most preferred shopping method of the future. While mobile sales present great opportunity, merchants still have some way to go before they can maximize revenues and effectively prevent fraud losses from mobile sales. According to the 2017 Global Fraud Survey, over 90% of eCommerce merchants use the same tools to manage fraud across both web and...Read more


July 13, 2017

In The Fraud War – The Chip Trumps The Stripe

chip card technology

What is it about the microchip that makes credit and debit cards so much more secure than those that contain only the magnetic strip? It’s In The Numbers Magnetic stripes contain information that doesn’t never changes.  It includes the account number, the expiration date, the 3-digit security code and even your name.  That stored information makes it relatively easy for a thief to use a cheap machine known as a skimmer to scan and store the card information from the magnetic stripe.  Skimmers can be placed inside ATM machines or gas pumps and retrieved after you leave.  Even your PIN...Read more


July 10, 2017

Chosen Payments Receives Payment Industry’s Top Honors for Sixth Straight Year

First Data’s President’s Club

Moorpark, Calif.— Chosen Payments, a leading provider of electronic payment processing and merchant services, has been named to First Data’s President’s Club for the sixth year in a row. Chosen Payments is honored to be ranked among the top payment processing companies and grateful to the amazing clients and partners who have helped us achieve this milestone. “Chosen Payments is extremely honored and excited to make First Data’s President’s Club for the sixth straight year,” says Chosen Payments CEO, Jeff Brodsly. “Our talented team has worked hard to help partners and clients achieve success, and this award symbolizes their excellence...Read more


June 28, 2017

What Is An “Effective Rate”

You may have heard the term “Effective Rate” when discussing credit card processing.  You may believe that a merchant services provider mislead you or even lied to you when they promised you a particular rate.  The truth is, they would not promise you a particular effective rate because the overall cost is not controllable.  There are too many variables including how the card was processed (phone, manual key, swiped or chipped) as well as the type of card used for the transaction. The effective rate of a credit card processing statement is the total processing fees divided by the total...Read more

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