Sid Singh, President, OpenEdge shares his views on the current status of EMV for Business Solutions Magazine…
OpenEdge processes payments for over 100,000 businesses across all sorts of industries. The insights we gather about what people are paying for are often surprising. Enjoy our “Merchant Fast Facts” recurring series…
As the payments industry continues to get a handle on fraud, it’s finding the cracks still open to criminals. Secure technologies like EMV, encryption and tokenization have covered many security holes. Yet, level 4 merchants – the smallest businesses – are now experiencing the bulk of data hacks.
Many medical care specialists offer discretionary wellness and package programs -- optional services that can represent significant sources of income for smaller practices. Because these are typically scheduled services rendered on a predictable basis, practices often maintain “cards on file” for these recurring transactions. While convenient, there’s a potential downside – declined payments resulting from lost, expired or outdated card information.
OpenEdge… new company, payments pioneer.
Sounds a little counter-intuitive, right? How can an organization bill itself as having developed some of the most innovative payments technology available when it only recently arrived on the scene?
