Ecommerce

Network Solutions experienced a security breach where malicious code compromised web servers, resulting in the theft of 573,000 credit card numbers over a three-month period. This attack, which went unnoticed by victims, highlights the vulnerability of online payment systems to sophisticated hacking techniques. The article advises individuals to regularly check their credit reports, recommending the official FTC website for free annual reports.

How to reduce your fees. Here are 5 tips you can use to save money on your credit card processing.

ACH stands for Automated Clearing House Network, a nationwide electronic funds transfer system governed by NACHA rules. In 2002, ACH processed over 8 billion payments valued at trillions of dollars, demonstrating its massive scale in financial transactions. ACH facilitates various payment types including e-commerce, eChecks, B2B transactions, direct deposits, tax payments, and mortgage payments.

ACH transactions have been around a long time.

Businesses seeking to accept credit cards to satisfy customer demand should obtain a merchant account, which is categorized based on business type like eCommerce, retail, or mail order/telephone, influencing pricing and processing tools. eCommerce businesses require virtual terminals and payment gateways, retail uses point-of-sale terminals, and mail/telephone can utilize either. Selecting the right merchant account type is crucial for businesses to efficiently process credit card payments based on their specific sales environment.