A new House data security bill moves forward with the backing of the National Association of Federal Credit Unions (NAFCU) and the Credit Union National Association (CUNA).

"NAFCU welcomes this legislation to tackle the data security issue from a financial institution perspective," Brad Thaler, NAFCU's vice president of legislative affairs, said. "We appreciate this bipartisan move …  to create a national standard of data protection for retailers."

CUNA President and CEO Jim Nussle agreed with Thaler, saying that the bill protects American people by establishing a national standard for data security, protection and consumer notification.

The Data Security and Breach Notification Act of 2015, written by Rep. Marsha Blackburn (R-Tenn.) and Rep. Peter Welch (D-Vt.). The bill was designed to supersede varying state laws with one, unified federal law detailing how notify consumers if their personal information may have been compromised.

When the bill was introduced last month, Blackburn said that it was imperative to take action to prevent hackers' success and provide safeguards to consumers if and when their data is compromised.

The proposed bill narrows the definition of personal information, establishes breach notification timeframes and puts enforcement authority almost exclusively with the FTC. Breach notice must be given within 30 days as opposed to a varied range in the existing state laws.  

While support grows, the bill does have its detractors. Welch, despite co-authoring the act, voted against the proposal in committee. According to his chief of staff, the congressman thought he had reach an understanding with Republicans on the committee that the bill would be strengthened prior to a vote. The staffer said the congressman would still support the measure if it is strengthened on the House floor.

If you are a retail company in need of new credit card processing software, be sure to contact 911 Software today.

A recent report shows that Apple Pay may not be as secure as the Cupertino company would like you to think.

Cherian Abraham, a Mobile Payments Advisor with Experian Global Consulting, estimates that almost 6 percent of Apple Pay purchases are with stolen credit cards, 60 times that of regular transactions.

Security analysts say that the main problem with the service is with the setup. Users simply open the app, enter their credit card information and, within seconds, Apple and the credit card issuer reach a decision on whether or not to approve the user.

"The issuers were probably so eager to be involved that they kind of forgot best practices and sidestepped some procedures they normally would've had [in order] to accept Apple Pay," said Michelle Evans, senior analyst for consumer finance at market research firm Euromonitor.

Apple Pay, which launched in October, was cited for it's simplicity and the number of stores and banks accepting the service has grown steadily since its launch. Bank of America said customers added 1.1 million of its credit and debit cards to Apple devices in the first two months of Apple Pay. JPMorgan Chase cited a similar figure.

Security concerns with Apple Pay could grow as the company looks towards online purchases, said Amitabh Saxena, the founder of the digital-payment consulting firm Digital Disruptions. When fraud occurs online, liability defaults to the merchant rather than to the banks.

It is important that your point of sale system is always up-to-date to keep it secure from the latest cyber threats. If there's a concern that your company's data isn't as secure as it could be, upgrading your credit card payment software will give you the peace of mind you need.

While most believe that new, chip embedded credit cards offer more security, the extra measures won't mean much if retailers aren't equipped for the new tech.

Though most retailers and banks set an October 1 date for implementation, most places are in a rush to meet that deadline. According to the Wall Street Journal, only Wal-Mart and a few other large retailers are accepting the new payment method, despite the fact that millions of the new cards have already shipped to customers. Target, which suffered a major breach in 2013, will start taking the new cards in the late spring, according to a company spokesman.

The new cards a more secure because the embedded chip creates a unique code for each transaction, making it harder to create counterfeits. As such, the new cards are more costly to produce, roughly five times more expensive than traditional cards, which is leaving some smaller banks in the dust.

"Some of [the small banks] are struggling with the complexity of it, and the cost is a factor," said Jamie Topolski, director of alternative payment strategies at Fiserv Inc., which is helping small banks navigate the transition to chip cards.

The added expense is in the tens of millions range for the new cards, a ticket item for these banks when considering their low interest rates and heightened regulatory requirements. Though the increased cost of production should be offset somewhat by a decline in fraud costs, most smaller banks aren't likely to implement these cards until next year at the earliest.

These new cards are only now coming to the U.S. after being used oversees for years. Roughly three-quarters of U.S. credit cards and about 40 percent of debit cards, some 575 million new cards, are expected to be issued to American consumers by year-end, making it the biggest rollout of new cards in decades.

If you are in need of new payment processor software for your business, be sure to contact us today. Take a look at the rest of our website to learn more about the high-quality products that we carry.

Data shows card payments are increasing in favor among consumers worldwide, putting the onus on merchants to secure effective payment processing capabilities. However, it's important that, when selecting any new credit card processing software, businesses aim for solutions that offer flexibility and affordability.

Finding such a solution can be difficult, particularly given the realities of the payment processing market. It is not uncommon for software dealers to arrange revenue-sharing agreements – also known as kickback-based payment processing – with processor providers. This type of model often ends up costing the end-user – the merchant – more money in the long-run, hindering their flexibility when adopting new technology.

Retailers who work with 911 Software can rest assured that, when they implement our CreditLine payment processing software, they will not be subject to hidden fees related to revenue sharing or other similar strategies. At 911 Software, we have made a commitment to transparency and honesty with our customers, and as a result, we do not require them to pay transaction fees or special surcharges.

How kickback-based payment processing restricts merchant flexibility

Our CreditLine payment processing software is compatible with any processing service on the market, whether merchants seek to work with a major processor or an Independent Service Organization (ISO). That means 911 Software customers enjoy maximum power of choice – something that is not always afforded to those who seek services elsewhere.

The kickback-based payment processing strategy, for example, can limit flexibility. A software dealer who has arranged a revenue-sharing agreement with a particular processor can expect to receive a certain percentage of the revenue from each new client, and as a result, may require its own customers to open accounts with that partner processor.

Merchants often unwittingly shoulder the costs of these arrangements, as software dealers may inflate processing costs for a new client to sponsor the revenue-sharing kickback. For end-users, this means higher prices through hidden costs, and an inability to select a payment processor that best suits their business.

911 Software eliminates kickback-based payment processing

At 911 Software, we believe customers should be fully informed regarding credit card payment processing costs, which is why we do not require the type of hidden fees or vague surcharges that support revenue agreements like kickback-based payment processing.

Instead, we have built CreditLine to be compatible with any merchant account or processing provider, eliminating the middleman arrangements that lead to inflated costs. We charge a low one-time fee for implementation, with no recurring fees or additional charges.

This is the best way to ensure the absolute lowest cost of ownership for credit card payment payment processing software. With CreditLine powering your point-of-sale processing, your business is poised for effective card acceptance at an affordable price.

Contact 911 Software today to learn more about CreditLine payment processing software

CreditLine was developed by some of the most innovative minds in the payment processing industry. The founders behind 911 Software were also responsible for the industry’s first Windows-based POS system as well as the first real-time two-way data synchronization engine for large chains. Their perspective and experience fuels the expertise of our development team, which can and consult on and lead implementation projects of any size.

Reach out to our experts today to learn more about how 911 Software can add value to your point-of-sale processes with credit card acceptance software that is a cut above industry competition. Our commitment to optimal customer service and practical solutions is a major reason why we have helped more than 30,000 clients worldwide and maintain a sterling 98 percent satisfaction rate.
 

Data shows card payments are increasing in favor among consumers worldwide, putting the onus on merchants to secure effective payment processing capabilities. However, it's important that, when selecting any new credit card processing software, businesses aim for solutions that offer flexibility and affordability.

Finding such a solution can be difficult, particularly given the realities of the payment processing market. It is not uncommon for software dealers to arrange revenue-sharing agreements – also known as kickback-based payment processing – with processor providers. This type of model often ends up costing the end-user – the merchant – more money in the long-run, hindering their flexibility when adopting new technology.

Retailers who work with 911 Software can rest assured that, when they implement our CreditLine payment processing software, they will not be subject to hidden fees related to revenue sharing or other similar strategies. At 911 Software, we have made a commitment to transparency and honesty with our customers, and as a result, we do not require them to pay transaction fees or special surcharges.

How kickback-based payment processing restricts merchant flexibility

Our CreditLine payment processing software is compatible with any processing service on the market, whether merchants seek to work with a major processor or an Independent Service Organization (ISO). That means 911 Software customers enjoy maximum power of choice – something that is not always afforded to those who seek services elsewhere.

The kickback-based payment processing strategy, for example, can limit flexibility. A software dealer who has arranged a revenue-sharing agreement with a particular processor can expect to receive a certain percentage of the revenue from each new client, and as a result, may require its own customers to open accounts with that partner processor.

Merchants often unwittingly shoulder the costs of these arrangements, as software dealers may inflate processing costs for a new client to sponsor the revenue-sharing kickback. For end-users, this means higher prices through hidden costs, and an inability to select a payment processor that best suits their business.

911 Software eliminates kickback-based payment processing

At 911 Software, we believe customers should be fully informed regarding credit card payment processing costs, which is why we do not require the type of hidden fees or vague surcharges that support revenue agreements like kickback-based payment processing.

Instead, we have built CreditLine to be compatible with any merchant account or processing provider, eliminating the middleman arrangements that lead to inflated costs. We charge a low one-time fee for implementation, with no recurring fees or additional charges.

This is the best way to ensure the absolute lowest cost of ownership for credit card payment payment processing software. With CreditLine powering your point-of-sale processing, your business is poised for effective card acceptance at an affordable price.

Contact 911 Software today to learn more about CreditLine payment processing software

CreditLine was developed by some of the most innovative minds in the payment processing industry. The founders behind 911 Software were also responsible for the industry’s first Windows-based POS system as well as the first real-time two-way data synchronization engine for large chains. Their perspective and experience fuels the expertise of our development team, which can and consult on and lead implementation projects of any size.

Reach out to our experts today to learn more about how 911 Software can add value to your point-of-sale processes with credit card acceptance software that is a cut above industry competition. Our commitment to optimal customer service and practical solutions is a major reason why we have helped more than 30,000 clients worldwide and maintain a sterling 98 percent satisfaction rate.
 

In the world of payment processing, there are a number of major corporations that carry a lot of clout. The Payment Card Industry Security Standards Council (PCI SSC) – the primary standards body in the sector – is itself comprised of major global payment brands, specifically American Express, Discover, JCB International, MasterCard and Visa.

As a result, in order to be able to process payments for any of these industry heavyweights, merchants must ensure their payment processor software meets the requirements defined by the PCI SCC. However, that does not mean that merchants absolutely need to work with any one of these companies directly to secure a merchant account – as long as they have also partnered with the right processing software provider.

At 911 Software, we believe flexibility and freedom of choice should be available to businesses and processor distributors, which is why we have developed point-of-sale credit card processing software that is entirely compatible with Independent Sales Organizations (ISOs). These third-party service providers are a key cog in the payment industry, and by developing an ISO-friendly product in CreditLine, 911 Software is able to ensure increased compatibility and flexibility for our customers.

What are Independent Sales Organizations (ISOs)?

An ISO is a third party that is separate from a traditional credit card association member, such as MasterCard, Visa or American Express. Instead, ISOs have partnerships with these major organizations – also known as acquiring banks – to perform functions that service end-users. These might include offering merchant accounts or bringing in new cardholder business. ISOs are also sometimes called Member Service Providers, and these organizations must be registered with a traditional card association in order to do business.

Acquiring banks might partner with ISOs to defray the risks of working with merchants in certain sensitive industries, or to expand their capability of bringing in new business through a third-party provider. ISOs are not themselves acquiring banks, and they are also free to sponsor with multiple card companies, though they must disclose their partners in marketing materials.

How does 911 Software being ISO-friendly benefit my business?

ISOs offer merchants more choices and greater access to merchant accounts that they may not have been able to secure directly from an acquiring bank. Because of this, ISOs have assumed a significant presence within the payment card industry, sometimes opening the bulk of an acquiring bank's new merchant accounts.

911 Software had this reality in mind when developing CreditLine, our payment processing software. Rather than limiting our clients' selective power by forcing them to choose a specific merchant account provider or ISO, we built CreditLine to be compatible with any processor or service on the market.

That means if you're happy with your current ISO or merchant account provider but need a better processing platform, you can start using CreditLine without any major overhaul to your operations. On the other hand, if you're ready to try a new merchant account or ISO, we can support your transition with experienced and knowledgeable consultation.

Work with 911 Software to achieve cost-effective, reliable payment processing

At 911 Software, our first priority is our customers, so we work to offer an affordable and easy-to-implement payment solution without hidden surcharges or additional fees. In fact, CreditLine's lack of transaction fees could mean hundreds or thousands of dollars in savings each year for your business.

Having worked in the payments business since 1995, and backed by some of the industry's most innovative minds, 911 Software is uniquely positioned to offer your company a payment processing solution that is high on value, quality and security. Contact 911 Software today to learn more.

In the world of payment processing, there are a number of major corporations that carry a lot of clout. The Payment Card Industry Security Standards Council (PCI SSC) – the primary standards body in the sector – is itself comprised of major global payment brands, specifically American Express, Discover, JCB International, MasterCard and Visa.

As a result, in order to be able to process payments for any of these industry heavyweights, merchants must ensure their payment processor software meets the requirements defined by the PCI SCC. However, that does not mean that merchants absolutely need to work with any one of these companies directly to secure a merchant account – as long as they have also partnered with the right processing software provider.

At 911 Software, we believe flexibility and freedom of choice should be available to businesses and processor distributors, which is why we have developed point-of-sale credit card processing software that is entirely compatible with Independent Sales Organizations (ISOs). These third-party service providers are a key cog in the payment industry, and by developing an ISO-friendly product in CreditLine, 911 Software is able to ensure increased compatibility and flexibility for our customers.

What are Independent Sales Organizations (ISOs)?

An ISO is a third party that is separate from a traditional credit card association member, such as MasterCard, Visa or American Express. Instead, ISOs have partnerships with these major organizations – also known as acquiring banks – to perform functions that service end-users. These might include offering merchant accounts or bringing in new cardholder business. ISOs are also sometimes called Member Service Providers, and these organizations must be registered with a traditional card association in order to do business.

Acquiring banks might partner with ISOs to defray the risks of working with merchants in certain sensitive industries, or to expand their capability of bringing in new business through a third-party provider. ISOs are not themselves acquiring banks, and they are also free to sponsor with multiple card companies, though they must disclose their partners in marketing materials.

How does 911 Software being ISO-friendly benefit my business?

ISOs offer merchants more choices and greater access to merchant accounts that they may not have been able to secure directly from an acquiring bank. Because of this, ISOs have assumed a significant presence within the payment card industry, sometimes opening the bulk of an acquiring bank's new merchant accounts.

911 Software had this reality in mind when developing CreditLine, our payment processing software. Rather than limiting our clients' selective power by forcing them to choose a specific merchant account provider or ISO, we built CreditLine to be compatible with any processor or service on the market.

That means if you're happy with your current ISO or merchant account provider but need a better processing platform, you can start using CreditLine without any major overhaul to your operations. On the other hand, if you're ready to try a new merchant account or ISO, we can support your transition with experienced and knowledgeable consultation.

Work with 911 Software to achieve cost-effective, reliable payment processing

At 911 Software, our first priority is our customers, so we work to offer an affordable and easy-to-implement payment solution without hidden surcharges or additional fees. In fact, CreditLine's lack of transaction fees could mean hundreds or thousands of dollars in savings each year for your business.

Having worked in the payments business since 1995, and backed by some of the industry's most innovative minds, 911 Software is uniquely positioned to offer your company a payment processing solution that is high on value, quality and security. Contact 911 Software today to learn more.

There are currently two ways that debit card transactions are processed by credit card software: online debit cards and offline debit cards. Online debit cards are essentially enhanced automatic teller machine (ATM) cards, as they use the same personal identification number (PIN) authentication system and debits are reflected in the user’s account immediately. Continue reading

There are currently two ways that debit card transactions are processed by credit card software: online debit cards and offline debit cards. Online debit cards are essentially enhanced automatic teller machine (ATM) cards, as they use the same personal identification number (PIN) authentication system and debits are reflected in the user’s account immediately. Continue reading

Weak security in payment industry opens door to credit card thefts. More than 70 retailers and payment processors have disclosed breaches since 2006, involving tens of millions of credit and debit card numbers, according to the Privacy Rights Clearinghouse. Meanwhile, many others likely have been breached and didn’t detect it. Even the companies that had the payment industry’s top rating for computer security, a seal of approval known as PCI compliance, have fallen victim to huge heists. Merchants that decide to hire an outside auditor to check for compliance with the PCI rules need not spend much. Though some firms generally charge about $60,000 and take months to complete their inspections, others are far cheaper and faster.

Weak security in payment industry opens door to credit card thefts. More than 70 retailers and payment processors have disclosed breaches since 2006, involving tens of millions of credit and debit card numbers, according to the Privacy Rights Clearinghouse. Meanwhile, many others likely have been breached and didn’t detect it. Even the companies that had the payment industry’s top rating for computer security, a seal of approval known as PCI compliance, have fallen victim to huge heists. Merchants that decide to hire an outside auditor to check for compliance with the PCI rules need not spend much. Though some firms generally charge about $60,000 and take months to complete their inspections, others are far cheaper and faster.

In marketing generally and in retailing more specifically, a loyalty card, rewards card, points card, or club card is a plastic card, visually similar to a credit card or debit card, that identifies the card holder as a member in a commercial incentives programme. In the United Kingdom it is typically called a loyalty card, in Canada a rewards card or a points card, and in the US either a discount card, a club card or a rewards card. Cards typically have a barcode or magstripe that can be easily scanned, and some are even chip cards. Small keyring cards are often used for convenience.

A credit card software system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. A credit card is different from a debit card in that the credit card issuer lends the consumer money rather than having the money removed from an account. It is also different from a charge card (though this name is often used to describe credit cards by the public) in that charge cards do not extend the user credit — the charges must be paid each month in full. In contrast, a credit card allows the consumer to ‘revolve’ their balance, at the cost of having interest charged. Most credit cards are the same shape and size, as specified by the ISO 7810 standard.