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13 Questions to Ask When Evaluating a Merchant Service Provider

EBizCharge

A merchant services provider (MSP) is an intermediary between banks, card networks, and merchants, ensuring smooth and secure transactions between businesses and their customers. MSPs provide payment technology that enables businesses to process digital payments, such as credit, debit, and ACH/eCheck transactions.

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What is a Merchant Account and Does Your Business Need One?

EBizCharge

Merchant account providers (MSPs) often offer tailored solutions based on the type of business and online transaction volume. It’s important for these businesses to work with experienced MSPs who understand their unique needs to mitigate account closures and additional penalties.

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Lull Hits B2B FinTech Venture Capital Funding

PYMNTS

South Carolina’s Mailprotector offers customers email security and encryption technology designed for businesses, governments and nonprofits. Investors at Ballast Point Ventures led a $5 million Series A funding round for the firm, according to a press release.

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Moving To Safeguard PII, Bit By Byte And Chip by Chip

PYMNTS

Intel noted its own tech solutions for transactions, tied to hardware and encryption, focus on personal information and payment card data. There’s also, Intel said, the benefit of new markets that can open up for conscientious MSPs and firms that can demonstrably protect data and identity assets.

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Merchant Processing Explained: What Happens Behind the Swipe?

Evolve Payment

Merchant Service Providers (MSPs) Your merchant service provider (MSP) is your dedicated point of contact for anything payment-related. Acting as your primary partner and resource, the MSP simplifies merchant processing by ensuring every other key player is cooperating and working at peak efficiency.

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What is a White-Label Payment Gateway?

Ikajo

Acting as a virtual bridge, it encrypts sensitive data, such as credit card details, and ensures its secure transmission for authorization and processing. The next step is to assess the vendor’s approach to data protection, encryption, and fraud prevention by ensuring they comply with the necessary security standards, such as PCI DSS.

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Pragmatically Navigating New Technologies in The New Year

The Finance Weekly

To prevent harm to your network and mitigate risk, consider requiring multi factor authentication to access company data, encrypting email, securing email attachments, and implementing other best practices. Malware attacks, especially ransomware attacks, are on the rise.