Internet of Things (IoT) in the Payments World

The Internet of Things (IoT) is probably something you are hearing a lot about these days and for good reason. Gartner forecasts there will be more than 20 billion connected devices by 2020.[1]  Defined as “a network of internet-connected objects able to collect and exchange data using embedded sensors,”[2] nearly any device can become connected:…

Tip Tuesday: How to Set Up an Installment Payment

In the third part of our TC Citadel® series, you will learn how to set up an installment payment cycle. Installment payments, like recurring payments, allow you to automatically deduct payments from a customer’s credit card or checking account. However, installments allow you to accept a payment towards a portion of a larger invoice. This is great for Healthcare, Insurance, or any organization that does invoicing.  You can set up an installment payment within the TC Vault® or via TC Link® API. This article’s example will use the TC Vault.

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To EMV or Not To EMV

By now you have likely heard about the October 1, 2015 EMV Liability Shift. Simply put, the Liability Shift means that the liability for fraudulent cards falls on the party who is the least EMV compliant. For example, if you process a chip credit card using a swipe-only terminal, you may be liable for the fraud. If the card holder does not have a chip card, the merchant would not be responsible as the liability would fall on the card issuer. You can learn about different scenarios here: Liability Shift.

Tip Tuesday: How to Set Up a Recurring Payment

In today’s Tip Tuesday, part two of our TC Citadel series, we will go over setting up recurring payments. Recurring payments are a great benefit to many organizations that provide a subscription service such as: Web Hosting, Magazines, Non-Profit Payment Solutions, and so forth. TC Citadel’s recurring payments make it easy for an organization to set up a subscription type payment that will automatically deduct the funds from a customer’s credit card or checking account. This can be done within the TC Vault® or via our API, TC Link®. Here, you’ll learn how to configure a recurring payment within the TC Vault.

Tuesday Tip: Create a Custom Field

The ability to collect and report on data that is meaningful to your organization can help your business operate more efficiently. However, when it comes to payment data, some businesses find it hard to centralize this data so employees with proper access credentials can utilize it. Luckily, TrustCommerce offers Custom Fields. You may use Custom Fields via the TC Vault for mail order/telephone order and card present transactions or via your TC Link API integration.

Tip Tuesday: How to Create a Report

Did you know that within the TrustCommerce Vault you can create a simple report to find payments submitted within a defined period of time?  Or, pull a report for daily declines?  Or, view a quick monthly summary of transactions by card type? It’s easy with TC Reporting.

The TC Vault Report generator has been enhanced over the years with our Merchants’ input to continually provide the most comprehensive, easy-to-use reporting tool available. In this quick tip column, I’ll show you how to use the Standard Reporting tool.

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Tuesday’s Tip: What Is the Difference Between a Credit and Void?

There are times in every merchant’s life when a customer makes a purchase and is either unhappy with the product, decides they no longer want it, or maybe there is a mistake on the amount that was charged. In any case, a customer will contact you and ask for a refund. In the processing world there are two types of refunding methods—Credit and Void. What is the difference? We will cover that topic here to help you make the right choice.