As more businesses adopt omnichannel point of sales software to cater to their customers’ love of multiple payment options, it’s given identity thieves more avenues to steal.
The beginning of the end of the credit card signature has started. Last week, VISA, MasterCard, Discover, and American Express announced that they will no longer require signatures for in-store purchases. Many retailers may still want to use signatures to verify purchases…
Update your Elavon/Datacap payments solutions to ensure on-going functionality.
Mastercard BIN Range Requirements for Canadian Merchants.
Three major standards changes are hitting the POS industry this year. How can POS developers and resellers prepare for them?
Starting in January of 2017, card issuers can begin issuing a new version of MasterCard. Pull out your wallet and you’ll see that the account number on your card starts with a “5”. The first six digits of your account number, otherwise known as the Bank Identification Number (BIN) determine how transactions are routed and identify your issuing bank.
More than likely, your merchants have received letters from their banks/processors notifying them of Security Updates, Shut-Off Dates, and Required Action Steps. These notifications are unique and independent of EMV standards. Failure to prepare won’t result in a shift in liability; it will result in a complete disruption of service…
Why is QIR qualification so important for both merchants and POS providers?
Let’s take a look at some of the new standards put forth in PCI DSS Version 3.2 when it comes to POS and payments security.
POS Providers need to be QIR Qualified in order to continue installing POS & payments as of March 31st 2016.