Merchant Processing Solutions Inc. is a local south Florida company that provides merchant processing solutions to its merchants. We pride ourselves on honest rates, innovative solutions and intelligent technology to meet our customers' needs. We believe that our customer is NUMBER ONE so their needs have become ours. We offer local support during the installation process and we understand what is going on behind every transaction. Building Relationships not just Transactions.....
Merchant Processing Solutions offers Quickbooks Sync!
FOREVER, Quickbooks was a locked system not allowing merchants to upload data into their system unless they used their "high-cost" merchant processing. Today with our Plug N' Play your transactions automatically upload daily into Quickbooks, saving thousands of dollars in merchant fees!
Call today whether you are a NEW MERCHANT or EXISTING MERCHANT to see how easy and inexpensive it will be for your data to seamlessly flow from your Merchant System (at lower rates and fees) to your Quickbooks System!
The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements intended to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. It was launched on September 7, 2006, to manage PCI security standards and improve account security throughout the transaction process. An independent body created by Visa, MasterCard, American Express, Discover, and JCB, the PCI Security Standards Council (PCI SSC) administers and manages the PCI DSS.
THE 12 REQUIREMENTS FOR PCI DSS COMPLIANCE
1. USE AND MAINTAIN FIREWALLS - Firewalls essentially block access of foreign or unknown entities attempting to access private data. These prevention systems are often the first line of defense against hackers (malicious or otherwise). Firewalls are required for PCI DSS compliance because of their effectiveness in preventing unauthorized access.
2. PROPER PASSWORD PROTECTIONS - Routers, modems, point of sale (POS) systems, and other third-party products often come with generic passwords and security measures easily accessed by the public. Too often, businesses fail to secure these vulnerabilities. Ensuring compliance in this area includes keeping a list of all devices and software which require a password (or other security to access). In addition to a device/password inventory, basic precautions and configurations should also be enacted (e.g., changing the password).
3. PROTECT CARDHOLDER DATA - The third requirement of PCI DSS compliance is a two-fold protection of cardholder data. Card data must be encrypted with certain algorithms. These encryptions are put into place with encryption keys — which are also required to be encrypted for compliance. Regular maintenance and scanning of primary account numbers (PAN) are needed to ensure no unencrypted data exists.
4. ENCRYPT TRANSMITTED DATA - Cardholder data is sent across multiple ordinary channels (i.e., payment processors, home office from local stores, etc.). This data must be encrypted whenever it is sent to these known locations. Account numbers should also never be sent to locations that are unknown.
5. USE AND MAINTAIN ANTI-VIRUS - Installing anti-virus software is a good practice outside of PCI DSS compliance. However, anti-virus software is required for all devices that interact with and/or store customer data. This software should be regularly patched and updated. Your POS provider should also employ anti-virus measures where it cannot be directly installed.
6. PROPERLY UPDATED SOFTWARE - Firewalls and anti-virus software will require updates often. It is also a good idea to update every piece of software in a business. Most software products will include security measures, such as patches to address recently discovered vulnerabilities, in their updates, which add another level of protection. These updates are especially required for all software on devices that interact with or store cardholder data.
7. RESTRICT DATA ACCESS - Cardholder data is required to be strictly “need to know.” All staff, executives, and third parties who do not need access to this data should not have it. The roles that do need sensitive data should be well-documented and regularly updated — as required by PCI DSS.
8. UNIQUE IDS FOR ACCESS - Individuals who do have access to cardholder data should have individual credentials and identification for access. For instance, there should not be a single login to the encrypted data with multiple employees knowing the username and password. Unique IDs creates less vulnerability and a quicker response time in the event data is compromised.
9. RESTRICT PHYSICAL ACCESS - Any cardholder data must be physically kept in a secure location. Both data that is physically written or typed and data that is digitally-kept (e.g., on a hard drive) should be locked in a secure room, drawer, or cabinet. Not only should access be limited, but anytime the sensitive data is accessed, it should be kept in a log to remain compliant.
10. CREATE AND MAINTAIN ACCESS LOGS - All activity dealing with cardholder data and primary account numbers (PAN) require a log entry. Compliance requires documenting how data flows into your organization and the number of times access is needed. Software products that log access are also needed to ensure accuracy.
11. SCAN AND TEST FOR VULNERABILITIES - All ten of the previous compliance standards involve several software products, physical locations, and likely a few employees. There are many things that can malfunction, go out of date, or suffer from human error. These threats can be limited by fulfilling the PCI DSS requirement for regular scans and vulnerability testing.
12. DOCUMENT POLICIES - Inventory of equipment, software, and employees that have access will need to be documented for compliance.**
** Information from Digital Guardian - https://digitalguardian.com/blog/what-pci-compliance
Do I need a website for people to paid me? Actually, NO!
With a Merchant Processing Solutions account you can have a SECURE/REAL merchant account not one that is bunched with other businesses like Square/PayPal! You have the right to Dispute Chargebacks, and you can get paid Next Day!
So how can we do that? Merchant Processing Solutions can set you up on an MX Merchant Account that gives you multiple payment acceptance points for only $5.00 service fee! You get a mobile app for your smart phone, a virtual terminal for your PC and a Payment Link that you embed into an email for your customers to pay you PRIOR delivery of product or service!
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You can create up to 100 different Payment Links or just one! |
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| EMAIL WITH PAYMENT LINK |
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| CUSTOMER PAYMENT FORM |
Here is a breakdown of the different types of processors out there:
Pre-Apply Here
CALL MERCHANT PROCESSING SOLUTIONS FOR MORE INFORMATIONCALL 954-938-2420
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Did you know that Merchant Processing Solutions is a complete merchant processing company located in South Florida serving the local businesses with state-of-the-art payment acceptance technologies? Check out just a few of our best products and services and then call us to review your processing solutions to see if we can help you save more, work more efficiently and grow your business!
Call Merchant Processing Solutions at 954-938-2420
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| Accept payments immediately with an encrypted card reader paid directly to your bank accept the next day! No bounced checks or I'll mail you a check! |
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| Merchant Branded Mobile App - your customers can order for pick-up or delivery! Stop missing out or losing sales to others! Offer your products on their phone! |
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| Need wireless payment acceptance with printed receipts? We've got you covered! Accept payment, keep inventory, capture customer info! |
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| We offer a complete POS System for retail and restaurant merchants. Complete with Pay at the Table, Inventory, customer retention tools and more! |
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| Accept payments on your website or send payment links in your emails! No more chasing money! |
Call Merchant Processing Solutions at 954-938-2420
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| COVID -19 PANDEMIC CLOSES THE GLOBAL ECONOMY |
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| THE NEW BUSINESS WORLD |
COVID-19 has been a tremendous economic shock and burden on our society. Over the last 6 months, once businesses started to open to new regulations and concerned customers, the focus began to shift towards ways to address health and safety risks while also keeping the doors OPEN! Businesses have historically not changed much on how they run their business; implementing the saying," if it ain't broken...don't fix it!" Over the years, the introduction of new technologies has slowly brought the business world to change but in this pandemic, many were unprepared to make the necessary shift. Businesses need to change technologies, business practices, and strategies that improve customer and employee safety by mitigating the risk of contagion.
As we move to 2021, all businesses small and large need to look at their business. This month represents the time to assess your current operations and decide how to adjust in the COVID and post-COVID world.
Consumers enjoy the convenience of auto pay that automatically deducts a pre-arranged payment for your business services. They don’t have to worry about payments, so they’re free to focus on the experiences and value your business offers. Other recurring payments benefits for customers include:
Contact a Merchant Processing Solutions payment expert to learn how a recurring payment gateway can power customer payments, help keep your customers happier and accelerate your revenue while reducing costs.
Customers today approach purchasing differently and businesses need to follow their lead! The top selling companies in the United States are implementing customer friendly options for shopping:
Merchant Processing Solutions
954-938-2420
I recently got a call from a log-time merchant of Merchant Processing Solutions who asked how she could connect her new client online POS to work with our company. I asked her the name of the company and the software, I had not hear of them at all! I asked if we was test the product of had they already purchased it and of course it had been purchased and they were uploading their data when I got the call!! YIKES....
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| Are you purchasing compatibility in your solutions? |
She found out that this company ONLY used one gateway provider and not the one she had used for 6 years! So now the choice is : 1) Do we just move forward with the new software and payment gateway and manually enter all the data into our system or 2) Do we look for a different software that will work with our current payment gateway/merchant provider?? Either way, it will cost her time and money having not know first about her payment acceptance compatibility.
Of course, all of this could have been averted had they contacted us first to discuss their new needs and options to fulfill that need. Merchant Processing Solutions is a Partner to our merchants and as such, we want to be part of your decision making to give you valuable insight into our industry as well as the products and services necessary for your business to grow!
If you are looking to implement more software of plug-ins to your current payment acceptance system, call us for a FREE consultation!
Merchant Processing Solutions
954-938-2420
Here are several steps being hailed as imperative to Reboot Your Business!
1. Reimagine and Transform: This requires more than business as usual, it requires a look at your customers and understand what makes them comfortable to shop/eat/use your facility! Its definitely a balancing act between growing the business and making your business "feel" safe for your customers.
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| Customer prefer to buy online! Does your business have an online presence where your customers can buy your products and services? |
2. Addressing Customer Anxiety: Previously, customers made decisions to purchase based on need, price, and desires. Today, customers want safety first even before price! They are willing to pay more to keep themselves and their family from risk. EY Global reported that 44% of global consumers say they are more likely to go grocery shopping online as a result of the pandemic! In order to survive this "new reality" businesses will have to have an online presence that makes it easy for customer to find them and buy from them!
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| Customer Anxiety makes more than 40% of grocery shopper order online! |
3. Identify legal and fraud issues: Businesses that lack understanding in their customers' and employees' fear about this pandemic, can create a legal nightmare for business owners. Making sure that making money takes over safety issues is a tricky balance, especially in a sales environment where sales are incentivized. Over extending or laxing Covid -19 Regulations can cause a business to be shut down and lose money.
One the other hand, businesses that use the technique of having customers call in and pay with a credit card are potentially at risk of those cards being stolen by employees and used fraudulently! Websites are also being "phished" or "hacked" so it now time to stop using your kids to create and maintain your website. Professional web developers know how to keep your website safe and you from paying thousands in either processing fees or chargebacks!
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| Phishing incidents uses your website to test credit card numbers.. this can cost you thousands of dollars in Merchant Fees! |
4. Flexibility, adaptation and resilience: Our economy was already facing many changes to the buying and selling experience prior to the pandemic. Radical changes on how we operate our businesses are necessary to survive and grow in today's recovery environment. Being flexible both internally and externally will be critical to survival and growth. As consumers adapt to our changing world, so will your business to their wants and needs!
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| Learning to be flexible, adapt to necessary changes quickly and cultivating positive attitudes will get you through these New Realty! |
By preparing your business and employees for reopening and recovery, you must go slow and steady. Being flexible to the needs of your customers, adapting to their wants and needs. And finally, be resilient in how you approach your business! Believe in your people, industry, product and service to the community. Be helpful to your community and be active in EVERYONE'S recovery. Cultivate a positive attitude towards your survival, recovery and growth... and it will happen!
If you would like any advice about merchant processing, POS Systems or just a consultation on how we can help you create safe environment for your employees and customers, Call Us Today!
Merchant Processing Solutions
954-938-2420
