The Merchant Bill of Rights<\/a> includes:<\/p>\n #7 The right to encrypted card numbers and secure transactions<\/b><\/p>\n “Obviously, you would never want the credit, debit and PIN numbers of your customers stolen by hackers. Large payments processors prevent hundreds of thousands of attempted hacks every day with layers of state-of-the-art security, technology and techniques to safeguard sensitive account information.<\/p>\n Data security solutions are quickly evolving, yet, not all processors guarantee encrypted card numbers throughout the transaction lifecycle and secure payments. Many have not implemented the most advanced technology, and if they have, may not have made the financial investment required to completely protect their systems. This puts every merchant at risk \u2015 especially small and mid-sized businesses that don\u2019t have the internal resources to ensure their customers are protected \u2026 unlike their larger counterparts. It also puts the millions of consumers who use credit and debit cards at risk \u2026 with possibly devastating consequences. Robust security and data encryption is a must \u2015 not an option.”<\/p>\n #8 The right to real-time fraud and transaction monitoring<\/b><\/p>\n “Credit and debit card fraud costs American businesses billions of dollars every year. Thieves work overtime to find ways to steal from merchants. Often disgruntled or dishonest employees \u2015 even some customers \u2015 are masters at making money the illegal way … and not getting caught.<\/p>\n As such, real-time fraud and transaction monitoring are critical to your business\u2019 success. That\u2019s why large merchants have entire departments and controls devoted to detecting and preventing fraud. They analyze patterns and transaction types in real time, identify suspicious activity and take quick action to counter it. On the other hand, you probably need to rely on your processor to provide these services. Yet, many processors don\u2019t provide them, leaving you exposed and vulnerable. You must recognize this risk and protect yourself against it.”<\/p>\n In an article entitled “Protecting Your Small Business Against Data Theft<\/a>,” the\u00a0National Federation of Independent Business (NFIB) said,\u00a0“Most business owners fail to grasp the scope, costs and risks of these frauds when it comes to their businesses,” McDowall says. “The US Department of Treasury concluded over a year ago that online fraud was as profitable as the global illegal narcotics trade\u2014estimated in the hundreds of billions to low trillions of dollars annually. A recent FBI study concluded that 90 percent of all businesses are vulnerable to identity-related frauds and the overwhelming majority of these result in significant non-budgeted expenses.”<\/p>\n The (NFIB) also details five steps<\/a> to protect your business from credit card fraud, and Small Business Information offers 10 steps<\/a> to minimizing credit card fraud.<\/p>\n One key to avoiding the fraud fallout is finding an insurance policy that covers it. If you haven’t already, contact your insurance carrier to determine their level of credit card fraud coverage.<\/p>\n Practicalecommerce<\/a>.com notes that “A few insurance companies provide policies for credit card fraud and data breaches, covering both a merchant’s hard cost of fraudulent sales and any liability for data breaches.\u00a0AIG, the publicly-traded insurance company, was one of the first,” and Insure.com<\/a> discusses a policy covering online credit card fraud.<\/p>\n Sintel Systems<\/a> is a quality provider of tailored Point of Sale systems across retail, restaurant and service industries, including frozen yogurt shops<\/a>,\u00a0pizzerias<\/a>, sushi restaurants<\/a>, caf\u00e9s<\/a>\u00a0and\u00a0retail stores<\/a>.<\/p>\n As a single source for business solutions, our experienced, knowledgeable team negotiates the complex POS landscape to enable you to find the right POS system for your business and budget.\u00a0\u00a0Hardware<\/a>\u00a0–\u00a0Software<\/a>\u00a0–\u00a0Support<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Avoid the Risks of Outdated Credit Card Processing (Part 2) Continued from Part 1 The Merchant Bill of Rights […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-244","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/posts\/244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/comments?post=244"}],"version-history":[{"count":1,"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/posts\/244\/revisions"}],"predecessor-version":[{"id":245,"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/posts\/244\/revisions\/245"}],"wp:attachment":[{"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/media?parent=244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/categories?post=244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sintelsystemspos.com\/ja\/wp-json\/wp\/v2\/tags?post=244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"136712593\"](\"https:\/\/www.sintelsystems.com\/wp\/wp-content\/uploads\/2013\/05\/136712593-230x300.jpg\")
<\/a><\/p>\n