TDES Compliance – Does Your PIN Pad Have It?

Posted on January 9, 2013 by Patrick Hare

Could an old PIN pad take away your right to process debit cards? It could if you have one that isn't up to the TDES, or the Triple Data Encryption Standard, which is a requirement for encrypting PIN numbers during debit card transactions. As a business owner, you should be certain that the PIN pad connected to your credit card terminal or POS system is compliant with this standard. Since July 1, 2010, Visa has required all “debit capable, point of sale, PIN-entry devices” to be up to this ...Read More

Flexible Spending Account Debit Cards – Why They Work For Doctors

Posted on December 14, 2012 by Patrick Hare

Debit cards for flexible spending accounts are becoming a common sight in doctors’ offices and medical clinics. Toward the end of the year, patients who still have funds on their FSA debit cards are more motivated to make appointments in order to exhaust the "use it or lose it" dollars in their accounts. Many of the medical care changes in 2013 are going to steer employers and insurers toward expanding card-based programs for payment. However, medical practice managers may not be taking ...Read More

How to Give Cash Back on Debit Card Transactions: What You Should Know

Posted on September 4, 2012 by Patrick Hare

Merchants who accept debit cards with PIN Pads have the option to give cash back to customers if they use certain types of credit card machines. The ability to return cash on a debit card transaction (known as “debit card cashback” in the industry) depends on a number of factors, including whether the terminal is capable of performing the transaction and if your payment processing network is set up for such activity. While many smaller businesses may not care to give customers the option to ...Read More

Capital Processing Network Credit & Bankcard Services (CBS)

Posted on July 31, 2012 by Patrick Hare

Capital Processing Network offers a variety of services for bank card acceptance and credit card processing for businesses of all sizes. While most merchants are satisfied with standard merchant services and accepting “credit” transactions, even when they come from debit cards, CPN works with merchants to expand their capabilities for savings and payment options. As an example, gift and loyalty card processing services were once the exclusive domain of larger retailers, who could afford the ...Read More

How to Encourage Your Customers to Use Debit Cards

Posted on June 25, 2012 by Patrick Hare

As a small business owner, you can realize significant savings if your customers use debit cards instead of credit cards. This is because credit card transaction fees are assessed as a percentage of the sale (anywhere from 2% and up, depending on your processor) while debit card fees usually total less than 50 cents per transaction when a PIN pad is used. Encouraging customers to use debit cards, however, involves a little bit of creativity. In many cases your clientele may have more incentives ...Read More

The Campus Debit Card: Coming Soon To A University Near You

Posted on June 22, 2012 by Patrick Hare

This fall, millions of families will be sending their children off to universities. One feature that some of them may encounter is the Campus Debit Card, which is a student ID that also doubles as a debit card. Unlike similar cards issued in the past, these cards carry Visa and MasterCard logos and can be used in any store that accepts cards. Previously, many campuses had reloadable debit cards that were accepted by a limited number of nearby merchants. Merchants should be on the lookout for these ...Read More

Category Archives: Debit Card Processing