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From the monthly archives: May 2017

We are pleased to present below all posts archived in 'May 2017'. If you still can't find what you are looking for, try using the search box.

Virtual Terminals Solutions for Every Business

The term “virtual terminal” is a catch-all phrase that describes the many ways to process an online or mobile transaction. The term comes from the analogy to the physical retail space. When using a physical credit or debit card for a transaction, the store clerk swipes it through a device called a terminal in order to process the transaction.

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Improvements in Customer Identification Through the Use of Biometrics

Fraud statistics are shocking. In the United States, 46% of credit card holders have been a victim of fraud within the past five years. The Nilson Report estimates that worldwide losses were more than the equivalent of US$24 billion during 2016. This figure was an increase of 12% from the previous year.

Card-not-present transactions are still very vulnerable to fraud; however, transactions, where the customer presents the physical card in order to make a purchase, are getting a new boost in security through biometrics.

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    ClearPay merchants enjoy these benefits:

  • Processing for all major payment processing brands
  • Real-time processing and fast authorizations
  • 24/7 customer support from a highly experienced team
  • Next day access to funds
  • Customized industry-specific solutions
  • PCI compliant equipment for the most secure transactions