Credit Card Processing Companies and Security.

Are you considering changing card processing companies or adding credit card payments to your business? 

 In today's business environments most payments for goods and services are performed thru credit and debit card transactions.    

To guarantee that these card transactions take place efficiently businesses seek out companies called payment processors or credit card processing companies. The job of a card processing company is to keep track of all payments made to a business thru debit and credit cards.

When you are seeking out a company to replace your existing company or starting out for the first time with a new business there are a few points you must take under consideration. There are many ways to accept credit and debit cards but there are ways to guarantee you get a good company that will offer low fees and competent service.

With all we know about identity theft and security breaches the one thing you want to know is how are your transactions protected?
There  are several levels of security most companies recommend and utilize to keep your companies business transactions secure.

EMV Compliant Card Processing Equipment. EMV  is an acronym that stands for Europay, Mastercard Visa. EMV is now the standard for Chip based technology. Those new cards your bank is issuing and why you are inserting your cards into a machine vs. swiping them. 
EMV compliant equipment adds more encryption thus protecting the customer from fraud. 

PCI Compliance. PCI is an acronym that stands for Payment Card Industry Compliance. This is an annual survey you as a business owner will have to respond to to ensure your business is taking steps to protect customers information. It's a good idea to discuss PCI compliance with any card processing company you are considering working with. In most cases you will be sent out an annual survey that will ask questions about storing customers info, if you have a firewall in place etc. There are several different levels of expectations for different sized customers. Wal Mart has way more risk exposure than a local flower shop, so that is the reason for different PCI industry issues.


If the Credit Card Processing Company you are considering can answer questions on these two topics fluently  they probably have a good grasp of the current state of securing card payment for both customers and the merchants themselves. 




There a couple of websites you can check out that have reviews on card processing companies, the local BBB site is a great place to start. Most card processing companies can do business nationwide but you will find the majority of their customers will more than likely be local. 






Other payment processing companies review sites include www.consumeraffairs.com  www.ripoffreport.com, www.reviews.com  a quick search may save you a lot of headaches down the road.

Quantum Merchant Services
1-800-815-3123
7300 Hudson  Blvd N
Suite 255
Oakdale Mn 55128
www.quantumgo.com

Card Processing Companies | Card Processing Equipment | Clover POS | 

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