With over $14 billion spent in the U.S. alone this past Black Friday and Cyber Monday (BFCM), it’s clear that the exponential year-by-year growth of these big spending days isn’t slowing down any time soon. But while profit margins are certainly exciting for merchants, what’s perhaps an even more amazing outcome of these two days (or more accurately, a week) is the data it reveals in terms of customer spending habits. This past Black Friday and Cyber Monday demonstrated several big trends that all fall neatly under the umbrella of omnichannel retail (a model of retail that integrates different shopping channels, i.e. in-store, online, via phone, etc.).
Fidelity Payment Services is excited to be attending Kosherfest, the world’s largest and most attended kosher-certified products trade show, this coming November 13th and 14th. Year after year, Fidelity eagerly awaits this amazing opportunity to connect with our many existing clients in the kosher food industry and to make even more connections.
Although 3D Secure technology has been around since 1999, it has struggled to pick up steam with card-not-present merchants, especially in the U.S. But with the launch last year of 3D Secure 2.0 and the merchant liability shift for this newer version set for April of 2019, this is all about to change. Not only does 3D Secure 2.0 take into account the latest payment platforms (like mobile apps) and reduce friction at checkout, it will also provide merchants with even more chargeback protection once the liability shift goes into effect. Keep reading to learn more about 3D Secure 2.0 and how it will be of benefit for merchants.
Clover’s line of smart terminals are a favorite with merchants in every industry- and for good reason. The secure, wireless devices accept a wide variety of payment types- including EMV chip-card, EBT, and mobile payments like Apple Pay and Google Pay- and they can be customized to function as full-service point-of-sale systems with features for email marketing, employee management, inventory tracking, and much more. Plus, with advanced P2PE-certified encryption technology, merchants can speed up the PCI compliance process.
With 22 years of industry experience, Fidelity has built up an extensive array of resources to offer its merchants. Whether its assistance with PCI compliance, setting up online payments, lowering processing rates, or improving the checkout experience with an innnovative POS system, there’s a lot of reasons why merchants choose Fidelity.
As of May 25th, the European Union’s General Data Protection Regulation (GDPR) went into effect in order to grant EU citizens a level of control over the collection of their personal data, and to improve transparency between businesses and consumers. This overhaul has tremendous ramifications for merchants who service European customers (including e-commerce merchants), since it affects how businesses collect and manage data of EU citizens.
Last year alone, around 7.3 million women, infants, and children benefited from WIC’s supplemental nutrition program, which means that a significant number of food purchases made in the U.S. are paid for with WIC paper vouchers. However, this paper voucher system is now undergoing an upgrade to a new electronic benefits transfer (EBT) system, also known as eWIC (electronic WIC). Here’s what merchants need to know about the upgrade to eWIC:
With summer on its way, you’re probably dreaming of a day at the beach or planning your next vacation. But, don’t forget about a very important deadline coming up: starting on June 30th, merchants will need to be fully migrated to Transport Layer Security (TLS) version 1.1 or higher, in accordance with the Payment Card Industry’s (PCI) standards. Here’s what you need to know.
The vast majority of merchants are familiar with the Payment Card Industry’s Data Security Standards (PCI DSS), and they even understand why it’s so important to be PCI compliant. But when it comes to actually becoming and maintaining PCI compliance, many merchants find themselves feeling overwhelmed and confused. The path to PCI compliance can be complicated, requiring the merchant to familiarize themselves with the various requirements, and then implementing practical solutions to meet these requirements. To help you get oriented with this process, here’s a quick 5-step guide to PCI compliance: