How Healthcare Providers Can Reduce PCI Scope with Semi-Integrated Payments

Data breaches have plagued the U.S. market for a long time. Within the healthcare industry, providers are the worst affected. According to the HIPAA journal, 329 data breaches were reported in 2016, in which over 16 million records were exposed. Based on IBM’s Cost of Data Breach Study, healthcare organizations have an average cost of $355 per stolen record. That would put the total cost of 2016’s data breaches at a staggering $5.6 billion. Apart from compromising healthcare records, these data breaches can also involve a provider’s payment infrastructure. If these systems are not secure, sensitive payment data can also be stolen, which inevitably leads to fraud.

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The Future of Money and Customer Experience Is in Making Checkout Easier

The customer experience is – or should be – at the top of every eCommerce merchant’s mind. In today’s economy, on- and offline experiences are blending and customers are often using multiple devices for shopping and spending. And increasingly, customers expect their experiences to be easy and they want the option to purchase various touch points along the way. Merchants can capitalize on these expectations and seize the opportunity to deliver smooth and innovative engagements with their customers. In fact, I strongly recommend it.

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Credit Card Chargebacks: What Has Changed in One Year?

Since the liability shift in 2015, a lot of merchants have been trying their best to migrate to EMV. One of the major roadblocks in this process has been the certification of their system. In 2016, many merchants had new payment acceptance devices installed in their businesses, but they were not yet able to accept chip cards. This is because they were still waiting on EMV certifications.

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EMV: Chip Cards, By the Numbers

The switch to EMV is well underway in the United States. This means new processes for customers and merchants. Some customers are seeing the changes more than others, but more will be coming soon. This switch involves new in-store technology and internal systems for merchants, as well as learning new payment processes for consumers. But ultimately, this brings greater protection against counterfeit fraud. CHECK OUT THE INFOGRAPHIC: Chip Cards, By the Numbers, to learn interesting stats on EMV and chip cards.

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Card-Not-Present vs Card-Present Transactions: Differences, Benefits and More

Every business likes to run efficiently, save on costs and gain the most out of its resources and optimize its operations. But sometimes, without realizing it, businesses leave money on the table—money they could easily save.

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