CardFellow Credit Card Processing Blog

Credit Card Processing, ecommerce

Mastercard Digital Enablement Fee

by Ellen Cunningham

Let’s take a look at when you’ll be charged, how much, and how to locate the fee. What is the Digital Enablement Fee? Credit Card Assessments Where to Find the Digital Enablement Fee The Digital Enablement Fee on Interchange Plus and Tiered Statements The Digital Enablement Fee on Flat Rate Statements Can I get the…

Wondering about the “digital enablement fee” on your credit card processing statement? Mastercard’s Digital Enablement Fee is a charge to businesses that accept card-not-present transactions, such as ecommerce websites.

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Credit Card Processing, ecommerce, Security and PCI Compliance

Using American Express SafeKey

by Ellen Cunningham

Available from American Express, SafeKey provides an addition layer of protection for online transactions made with an American Express card. What is American Express SafeKey? SafeKey 2.0 How it Works Benefits of Implementing SafeKey Does it cost money to use American Express SafeKey? How to Implement SafeKey Taking American Express What is American Express SafeKey?…

The major card brands offer advanced anti-fraud tools for businesses willing to use them, and SafeKey is one such tool.

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Business, Credit Card Processing, ecommerce

What Changes Will the Internet of Things Make to Payments?

by Paul Maplesden

While they provide tremendous convenience, it’s also vital to properly secure IoT products, especially if they have access to our financial details. Let’s take a look at the IoT, explain what it is, how it’s integrating payments, and the impact that will have on consumers, manufacturers, and payment providers. What is the Internet of Things?…

Imagine a world of 20 billion connected devices, all transmitting and receiving data. Now, imagine that a good portion of these devices can make payments and order products and services on your behalf. That’s not just in your head — that’s the Internet of Things (IoT), and as time goes on, these devices will be everywhere.

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Credit Card Processing

Visa and the Contactless Transit Payments Market

by Paul Maplesden

That’s why Visa’s new entry into the contactless transit payments marketplace is so exciting. We’ve all seen the queues at turnstiles and ticket windows. Systems like Oyster on the London Underground, Suica in Japan, and Calypso in Europe have revolutionized how people get around. These contactless micro payment cards simply debit a small amount from…

When it comes to public transportation and commuting, passengers are looking for one thing above all else — speed. As city populations grow, public transit is coming under pressure to move as many people through the system as quickly as possible.

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B2B, Credit Card Processing

What is First Data’s Comm Card I/C Savings Adj?

by Ellen Cunningham

First Data and its sales channel Ignite Payments announced a new service. It’s called the Commercial Card Interchange Service, and the goal is to help you reduce interchange fees on certain transactions made with a commercial credit card. In exchange for helping you save money on commercial transactions, First Data/Ignite takes 50% of the reduction…

If you’re seeing a line on your processing statement labeled “COMM CARD I/C SAVINGS ADJ,” you’re probably wondering what that is.

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Credit Card Processing, Security and PCI Compliance

Transaction Security for the Holiday Season

by Brian Penny

It’s a huge opportunity to beat sales forecasts, but fraud can quickly eat into the revenues generated. Data breaches are on the rise, and, while you see the increased holiday traffic as a way to be nice to customers, hackers see it as an opportunity to be naughty. Protecting customer information and securing financial transactions…

The holiday season is upon us, and with it comes an increase in customer traffic and purchases. More than 164 million consumers planned to shop on Thanksgiving weekend alone, according to the National Retail Federation, while a Deloitte survey found 51% of that spending will be done online.

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Credit Card Processing

Square Cash for Bitcoin

by Jane Meggitt

Jack Dorsey, the founder of Twitter, is also the founder of Square Cash and serves as CEO of both companies. It was on Twitter that these customers announced the existence of the new feature, bringing it to public attention. Bitcoin prices soared after the Square Cash project came to light. For the year, Bitcoin is…

Bitcoin is booming, and other companies want to capitalize on the cryptocurrency’s appeal. One such company is Square Cash, which recently began allowing certain customers to buy and sell the alternative currency.

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Credit Card Processing

Free POS System – What’s the Catch?

by Ellen Cunningham

In some cases, it’s simply that there’s a limited feature “free” version, while in other cases, you’ll be required to use additional services such as signing up with a particular credit card processor. POS Software vs. System Free POS Options Credit Card Processing with a POS System Proprietary POS Systems How do “free” POS companies…

You know the saying: there’s no such thing as a free lunch. Yet some companies promote “free” POS software or systems, so what’s the catch?

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Credit Card Processing exposed