Deciphering Debit Card Processing

It is no secret that debit cards are a popular method for paying for goods and services. Customers use their bank ATM cards and check cards to pay for everything from a pack of gum at a gas station to monthly utility bills.

Debit card payments may soon take over credit card transactions! There were 507 million total debit cards in circulation in U.S. at the end of 2009. Debit payment transactions rose 17.1% to 6.38 billion, according to Visa and MasterCard.

Secure Payment Solutions that Come with a Guide

On my morning commute, lost in thought, I drove right past the office. Snapping out of it, I realized what I’d done, took a right turn and began my detour back to the office.  Having never gone this route, I saw buildings and roads I’d never seen before, discovering better paths for future trips.
Seeing things in a new light makes me think about the TrustCommerce professional services team. What I love about our team is how they look at a project from every angle – upside down, backwards, and sideways before arriving at a clear plan for reaching an objective. Our team has lead projects and implementations for leading organizations in key vertical markets and apply that unique knowledge to every project.

Weighing in on Mobile Payments

I am an information junkie. I sign up for a multitude of e-newsletters. I set up Google Alerts for topics that are important to me, watch Twitter trends and follow thought leaders on social media. Each morning, I sift through the information to find the day’s gold nugget. Here’s what I learned from my inbox this morning:

  • 57% of U.S retailers are preparing or already have a mobile commerce strategy.*
  • Mobile commerce will generate $6 billion in sales this year and is expected to double in 2012.
  • “Life is luck, make it.” –Mother Teresa

Mobile commerce is here to stay. As you develop your strategy, I offer food for thought:

Vantiv Launches New Direct API Offering Fast, Secure and Flexible Integrations

CINCINNATI, Aug. 29, 2011 /PRNewswire/ — Vantiv, LLC (formerly, Fifth Third Processing Solutions), is pleased to announce the availability of the Vantiv Direct API. This simplified interfacing routine and logic is designed to expedite development onto the robust functionality of the Vantiv processing platforms.

The Vantiv Direct API offers ease of integration for large merchants, vendors and third parties, while shortening the certification cycle. Using the Direct API, Vantiv business partners can reduce integration times by 50% or more, while gaining a deeper integration conduit. This powerful API allows integrators to connect to a choice of Vantiv processing platforms and supports multiple settlement options for a wide array of tender choices.

TrustCommerce Welcomes New Partner, JayStar Group, Inc.

IRVINE, California, August 23, 2011 — TrustCommerce, provider of comprehensive payment processing and risk management solutions, has recently partnered with JayStar Group, the leader in union back office solutions. JayStar Group provides unions with a comprehensive suite of practical, proven solutions to meet the daily challenges of their information systems requirements. JayStar Group recently launched its new PayMyUnionDues.com website, which utilizes TrustCommerce technologies and solutions.

Serving labor organizations of all sizes, the JayStar Group’s web-based system can process dues and virtually any other typical union payments by individual members or by designated proxies. It includes these features and more:

TrustCommerce Partners with Solupay

IRVINE, California, August 5, 2011 — TrustCommerce, provider of comprehensive payment processing and risk management solutions, now integrates with Solupay, national and mid-market credit card processing services provider.

Solupay specializes in electronic payment processing, including credit /debit card acceptance, custom gift card programs, ACH/EFT and Electronic Check Conversion processing. Providing a full suite of payment service options to businesses throughout the United States, Solupay offers PCI DSS compliant solutions through partnerships with leading business management software providers. Solupay’s processing platform allows for easy integration and supports credit and debit card, ACH and check solutions.

TrustCommerce Partners with MobilePay USA, TechCrunch Disrupt 2010 Startup Alley Winner

IRVINE, California, July 18, 2011 — TrustCommerce, provider of comprehensive payment processing and risk management solutions, has partnered with MobilePay USA. MobilePay will allow consumers to pay for everyday purchases with their cell phone based on their GPS location through an e-wallet without any physical cards, barcodes or chips. Their solution requires no hardware or software integration for merchants.
The MobilePay solution will rely on TrustCommerce for secure payment processing. Sensitive payment information will never enter the merchant’s servers or environment. Instead, payment information will be replaced with a token and securely stored within TrustCommerce’s PCI/DSS compliant data facilities.

TrustCommerce Payment Solutions Integrate with the MagTek® IPAD®

IRVINE, California, June 15, 2011 — TrustCommerce, provider of comprehensive payment processing and risk management solutions, now integrates with MagTek’s IPAD, a PCI PED 2.x compliant PIN entry device. Today’s merchants must be vigilant in protecting sensitive card holder data. TrustCommerce continues to partner with innovative, secure payment devices in order to deliver the most PCI compliant and comprehensive solutions.

Prevent POS Fraud with Secure Devices

On May 13, 2011 news broke of Michaels arts-and-crafts stores falling victim to debit-card data theft.

“Thieves tampered with the retailer’s debit-card processing equipment at about 80 stores from Massachusetts to Washington, according to the chain’s corporate parent, Michaels Stores Inc.

The thefts apparently involved the use of electronic devices called skimmers that allowed crooks to record information from shoppers’ debit cards and steal their personal identification numbers, or PINs.1