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Vision Payment Solutions, Inc.
Credit Card Processing. Our goal is to be your LAST merchant provider! Panama City, Florida
+1 850-896-0156
70 followers
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Do you have a POS system? Are your passwords unique? Fraudsters know all the default passwords on those systems and can use them to steal card data. 
Here is a good article regarding passwords, with the top 25 passwords people use.
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Check all your credit card and bank card statements for any strange transactions. There has been a massive breach at a credit card processor. Details still coming in.
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At the expense of pointing to FB, as I haven't figured out how to do same here, with daylight savings time this weekend, do you know how to change the date/time on your credit card machine? If not, go to the link where I've posted instructions on most terminals. If your's is not listed, let me know and I will find it and load it.
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Did you know?

As of July of last year, merchants ARE allowed to post a minimum sale amount for card transactions. Part of the Dodd Frank act was a provision allowing merchants to post a minimum purchase amount, no higher than $10.00, on credit card sales. Per Visa, this minimum is not allowed on debit cards sales.

Now you know.
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Have them in circles
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Amex is the 4th company to give a roadmap for EMV implementation. Also, Chase has come out with a 'future proof' credit card terminal, which accepts EMV. VPS has been putting out EMV capable terminals for the past 3 years!
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For those interested in data breaches, this report on breaches in 2011 is interesting.
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Did you know?

Is your business getting bombarded by telemarketers trying to sell you a merchant cash advance? What is a merchant cash advance?

To put it simply, this program buys future credit card sales, and the amount they will pay is based on your business' historical card sales. So if you do an average of 10k a month in credit card sales, they may offer to pay you 5k to 20k for 7.5k to 30k in future sales depending on various factors, ie credit, product sold, etc. They usually deposit the purchase price within a week or two, and then start recouping their purchase by collecting a percentage of your daily credit card sales. They usually want to collect their investment back in about 7 months, so the percentage they take daily is set so that timeframe can be met.

A merchant cash advance can be expensive money, but there is no personal guarantee, it is fairly quick to be approved, and can be contracted even with a lower credit score. For those that can't get a bank loan, or those that need fast cash to replace a necessary business item, an MCA may be beneficial. For those looking to expand, open a new location, or increase inventory, an MCA is beneficial if the merchant can't get a bank loan.

One merchant once told me, "I'd rather have a partner that all they want is cash, than a partner that wants to tell me how to run my business." This was his reason for getting a cash advance to open 2 new locations and purchase inventory. That reason has always stuck with me.

I hope I've given you some insight into the MCA. Feel free to ask any questions you might have, and I will get you answers.

Now you know.
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Did you know?

If your credit card machine asks for sales tax, and you bypass, or don't put any amount there, the transaction will process at a higher cost. When you type in the sales tax, it does NOT add to the total; it is just an information only field, but it does allow the sale to qualify at a lower cost. This should only happen on specific business credit cards.

Now you know.
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See the chip on this card? In a few years, this will be the norm in the US. Both Visa and Mastercard have announced initiatives and roadmaps for EMV (chip card) technology to replace the outdated magnetic stripe technology in the United States. This will reduce card fraud and consumer identity theft that happens when cards are compromised.
Vision Payment Solutions only uses, and has for the past 3 years, EMV capable credit card terminals in every new terminal installation. Our view is a merchant should not have to upgrade their terminals once the chip cards are in use and mandated by the card associations. By 2013, these terminals will not only be capable, but actually usable, as that is the date the card companies have mandated the US processors must have in place the ability to process EMV cards.
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Story
Merchant services that is truly open and honest. No smoke and mirrors ploys. 

Credit card processing, cash advances, gift & loyalty programs, check processing programs.

With 17 years experience taking care of merchants and their processing concerns, I will tell you what you need to know and educate you, not what you want to hear. There are many companies that will tell you what you want to hear to get your business, this is not one of them.

My goal is to be your LAST credit card processor. Most businesses have been burned by 2 or more processors, and are hesitant to make the plunge yet again to get a better company. We are a better company, and when businesses come to us, they stay with us because we educate at the beginning of our relationship, not after, so there are no hidden surprises!
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Credit Card Processing. Our goal is to be your LAST merchant provider! Panama City, Florida
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