The wake of the biggest data breach in U.S. history continues with its fallout, including the news from targeted Target that the hackers originally were able to pilfer their way into the discount chain’s system by “using electronic credentials stolen from a vendor,” according to an article in the Wall Street Journal.
If you have a website that you sell goods or services from, a merchant account for website lets you securely accept credit cards 24 hours a day, 7 day a week. This allows your customers to easily make a transaction anytime. Once set up, it’s completely hands-free for you so customers can make purchases even if you are sleeping or away on vacation. You will both receive an email notification of the transaction immediately.
The news of course, in the wake of the most infamous consumer data breach yet, just gets newsier. Some reports indicate that information going back as far as ten years, on Target customers, could have been pilfered in the breach. One couple near the U.S. / Mexican border was arrested after having a cache of false credit cards in their possession, made from what appears to be a fraction of the stolen data.
A merchant account will enable you to accept checks and credit cards, ensuring you have a safe, effective way to process payments. Most businesses know they need to accept credit cards these days but many customers still use checks so it’s still important to be able to accept checks online (as well as offline). Not offering your customer’s preferred payment method could mean a lost sale.
Yes, there’s more to report on the Target Breach and its fallout. We know, as Pymnts.com columinist Karen Webster wrote, that “The Target data breach is old news to most people by now, but the ’terrible roars’ unleashed by those responsible for this breach will be heard throughout the payments industry for years to come. And, the marks left by the ‘terrible claws’ on the future of retail payments and consumer payment habits may in fact become indelible.”
Business merchant services are an integral part of your business so choosing the right provider is important to ensure the best service at the best rates. When looking for merchant account solutions some of the questions you should ask or investigate are:
As you know, one of the biggest stories in the history of credit card security broke — happened — over…
If you sell products or services through your website, you’re probably looking for the best way to accept payments online. An internet merchant account will enable you to accept payments 24 hours a day, 7 days a week. It’s very easy to setup, all you have to do is insert a bit of HTML code to your site and you’re ready to go.
In the spirit of the holidays, we’ve stayed away from some of our “hard news” offerings in this space, to report on more thematically consistent topics, like the history of Christmas gift-giving, or this week — a history of New Year’s itself.