The news of data breaches is a regular occurrence, raising concerns not only among consumers but among businesses that process credit cards. The Identity Theft Resource Center reports that there were 1,138 total data breaches in 2018 as of December 5, with 122 exposing banking or credit card information. Some notable credit card breaches include the TJ Maxx breach of 2007 and the Target Breach of 2013. More recent credit card data breaches involved big names like Sears, Saks Fifth Avenue, and Forever 21.
If your business accepts credit cards, you are probably paying for these services through one of the three most common pricing models: tiered, flat rate, or interchange plus. As a merchant, you should be familiar with all three options in order to determine the best fit for your business.
This method of pricing works on a tiered qualification system. Typically the merchant service provider will divide transactions into several classifications or “buckets” and charge a transaction rate for each tier. You may see tiers listed in several ways. For example, some merchant services divide their tiers into various qualification levels. As such, Qualified transactions might be charged at a rate of 1.XX, Mid-Qualified at 2.XX% and Non-Qualified at 3.XX%. This tiered system works well for merchants if they can get all or most of their transactions in that lowest priced tier.
Paying with a credit card seems quick and easy when you’re the customer. All you do is swipe, insert, or tap to make a purchase or click on a website. However, as the merchant, credit card processing can take on a whole new meaning. Knowing who the players are can help you know your options and determine the best choice of vendors and partners.
Navigate Microsoft Dynamics 365 Business Central with ChargeLogic at Directions 2018.
ChargeLogic is going for gold this year at Directions North America 2018! As a Gold Sponsor, we have three sessions that you don’t want to miss. We’ll also be available all day, every day to meet with you, answer questions, and demonstrate how our solutions work to meet your customers’ needs.
Are you ready for the biggest conference focused on the Microsoft Dynamics community? Join ChargeLogic at booth 509 to celebrate all things Dynamics NAV and Dynamics 365 Business Central! We would love to connect face to face with you.
This year’s NAVUG Summit will be hosted in Phoenix, AZ from October 15-18. Attend our sessions:
Join ChargeLogic and your Microsoft Dynamics® NAV peers, including Microsoft MVPs, subject matter experts, and Microsoft staff at the NAVUG Focus 2017 event taking place May 10-11 in St. Louis, MO.
NAVUG Focus is comprised of 90-minute, deep-dive sessions, led by industry experts and focusing on targeted learning tracks. Here is a preview of some of the sessions being offered:
ChargeLogic Payments is NAV 2016 ready. Partners have the option to deploy ChargeLogic Payments as standard objects or as a new NAV 2016 extension package. Partners can find the objects on ChargeLogic’s Partner Portal.
If you sell to business or government customers, chances are that they make purchases with corporate or government credit cards. Did you know that you could be saving as much as 0.50% to 2.5% for each of those transactions? So how do you get those savings?
ChargeLogic Payments’ Fraud Protection Suite is another layer of security for credit card processing in Dynamics NAV in addition to the security offered by your payment processor. It is designed to prevent a potentially fraudulent order from shipping after the authorization request has gone out to the processor and the card is approved. It gives you varying amounts of control over transactions, from providing you with a warning to declining transactions based on the settings you choose. Here are five setups to help you prevent fraudulent transactions.
We are exhibiting at this year’s Convergence, March 16-19. We will be available to meet with you to discuss everything including credit card processing for Dynamics...