The Decatur Book Festival & Dragoncon
It’s the best weekend of the year the @Decaturbookfestival and @Dragoncon. Back and forth, back and forth – #Marta
https://www.decaturbookfestival.com/sessions/index/day:Fri
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Feb
15
2017
Good-bye SunSet Software!
Sunsetting usually means that a product or software is no longer supported. Is the software you are using no longer getting updates with new features? If not, that usually means it is headed to the sunset!
Don’t keep buying software for your POS that is headed for retirement. Contact COCARD today and lets talk about how REVONU POS can give your point of sale new LIFE!
Oct
28
2016
Oct
10
2016
The First Year: Goals, Challenges, and Accomplishments with EMV
It has been little more than one year since the liability shift began on October 1st, 2015, where merchants would be liable for fraudulent activity in their stores, as opposed to credit card companies. And since then, small and large businesses alike have made the switch to EMV. Here is a look at some of what the transition has been able to accomplish, along with some of the challenges we continue to work through:
The Main Accomplishment: The main goal was to take a bite out of fraud, and so far, the switch to chip-enabled cards is doing just that. Mastercard, for example, in a press release last month, noted a 54% decrease in fraud between April 2015 and April 2016.
We do have a few areas where we continue to work on improving, and they include:
- During this transition, not all merchants use EMV-card processors. So sometimes you might be required to swipe, while other times you may need to insert the card chip-first. It can be confusing, but it is a necessary step to ease the transition.
- Speed of transactions. Some EMV payment processors are faster than others, and we want all of them to be quick, to get you in and out of a store swiftly. With different card brands having different speeds for payment processing, we would like to eventually develop a more streamlined, efficient payment speed that everyone works within.
- Bottlenecks. With many merchants deciding to upgrade to EMV-supported payment processors, certification can be a lengthy process, along with lead time needed to manufacture chip cards. Both can be a lengthy process, and Visa, for one, starting in July 2016, introduced initiatives to ease the certification process. And the card manufacturer, Oberthur, can manufacture cards in five days, cutting lead time significantly from the traditional weeks-long lead time.
Overall, we are making strides towards eliminating fraud in the United States, chiefly thanks to the merchants and consumers. We will continue to work on these items to ensure a better transition. To learn how COCARD can work with your company to ease the transition from stripe cards to chip-enabled cards, call us today at 1-800-317-1819.
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Jun
27
2016
It’s Here, What You’ve Been Waiting For; REVONU POS for Windows!
REVONU POS for Windows
Jun
27
2016
Why Should You Shift from Legacy to Tablet and Cloud POS?
As the information age has continued to create unprecedented breakthroughs in the tech industry, a number of products have become increasingly obsolete. Innovations in design, market strategy and consumer preference have all played a large role in the direction of best practices for both buyers and sellers of a number of technological goods. Prime examples of this are Point of Sale systems in the Merchant Service industry, which have gone through drastic changes from dial-up, stand-alone devices to web-integrated mobile solutions. As these changes have occurred, processing payments has become easier than ever, and it’s important for business owners to know how and why Tablet and Cloud POS systems are the better option moving forward.
For business owners, choosing a POS system that will run smoothly and reflect your method of business is as important as any other decision you make when setting up shop. Your POS system will be the operating location for every transaction you make with your customers, and being knowledgeable of the best tools available are key to your business’ growth.
Traditional, or “Legacy” POS systems are the original POS system, installed on-site at your business as a stationary device. The “on-site” method is a recurring theme with Legacy POS systems, which can prove to be problematic down the road for a business owner that is constantly on the go or seeking versatility. All maintenance is handled on location with Legacy POS systems, meaning repairs and installs must always be done during a scheduled time at your business location. POS configuration and set-up must also be done on site. Lastly, a number of gift and loyalty programs that customers seek must be purchased as separate software, which can prove to be expensive and time consuming to install. Overall, the Legacy POS system functions as an outdated tool for processing transactions and may hurt your business more than it helps.
Tablet and Cloud POS systems are a bit more flexible in their functionality, which is what makes them so attractive to business owners today. Many of these systems are obtainable through monthly payment plans, which can make them a bit more affordable for new business owners that may not be able to fork over a lump sum. Also, Tablet and Cloud POS systems have their software, data storage and analytics hosted via online servers (the cloud), which provide more security and convenience in the event that your POS system malfunctions or faces fraudulent activity. These solutions are also notably more accessible, with versatility as a mobile solution for business owners that may have moving businesses (such as food trucks, kiosks and vendors). You are also given the option to view your business data from any device with Internet access, so you can keep tabs on business activity even if you’re not there. In terms of maintenance, POS updates don’t necessarily require in-store activity.
With the wide range of Tablet and Cloud POS systems available in today’s market, it’s easier than ever for you to find a solution that fits your business needs. CoCard has a large inventory of solutions that can match exactly what you’re looking for. Don’t get left behind, call us today for more information about options that will allow you to process transactions more efficiently.
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May
17
2016
6 Ways Accepting Credit Cards Can Benefit Your Business
Are you wondering about the benefits of accepting credit cards for your business? Cash and check are acceptable forms of payment, but accepting credit cards adds the extra touch of legitimacy to your company. Take a look at the ways in which accepting credit cards can help your business.
- Accepting credit cards creates trust. When a potential customer sees logos of credit cards that your business accepts on an applique on your door, or noted on your website, your business becomes more legitimate because your business accepts trusted brands which are major forms of payment. The more that your business it trusted, the more likely someone is to buy from you.
- You will increase sales. Simply put, accepting credit cards will allow you to make more money because it’s one more form of payment that people are able to use to make a purchase. What business doesn’t want to increase sales?
- Credit cards offer convenience. Not everyone carries cash, and writing checks is fast becoming obsolete. However, most everyone has a credit or debit card. It is a form of payment that is carried by many people, and accepting it allows a person to make a purchase without the hassle of having to worry about using either cash or check.
- People are more willing to make a purchase with a credit card. People are more willing to buy on impulse using a credit card because of the amount of money on the line of credit.
- You can grow your business to include online sales. Online purchases generally require a credit or debit card to make a purchase. Accepting credit cards will allow you to conduct business online and, as #2 suggests, increase sales in the process.
- Payment snafus are eliminated. The beauty of a credit card is that it is declined immediately, so you don’t have to worry about your business losing money to a bounced check.
These are just a few ways in which accepting credit cards can make your business more profitable, and really, who doesn’t want that? Give COCARD a call today, we would love to help you find the perfect processing solution for your business! For more information about credit card processing, point of sale solutions and more call 1-800-317-1819 or email at info@cocard.info.
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Apr
25
2016
Tips for Preventing a Data Breach
When you think about data breaches, your mind probably jumps to the highly publicized incidents of companies like Target and Home Depot. Small business might think they don’t need to take security measures–but that’s not the case. Small business are as susceptible to data breaches as large corporations, and may actually be at greater risk.
Stephen Cobb, a senior security researcher at ESET, says that hackers like to target small businesses because they have more digital assets than a single customer, and not as many security measures put into place as a large enterprise. According to QSR magazine, small businesses like restaurants, are data-thief magnets because they process an abundance of credit cards and often use POS equipment.
Protect your small business with these data breach prevention tips from Chip and Terminal:
1. Be Proactive
- Routinely check your POS systems to make sure they haven’t been tampered with.
- Don’t wait for a problem to arise. Perform regular vulnerability assessments- once a week is advisable. These tests should be conducted on all systems associated with your network.
2. Make sure your credit card processing network is secure
- Be sure adequate firewall and virus protection measures are put into place.
- Make sure your technology is secure and PCI compliant.
- Avoid combining your network with your in-store free Wi-Fi. Make sure any open Wi- Fi networks your customers may use is on a separate network from the one where you process your credit cards.
- If your devices are not properly installed, configured, and managed, you are taking on a large risk.
3. Hold your employees accountable
- Train your employees on proper security measures. Creating a culture in your business that is more security-minded can help eliminate mistakes that may lead to a data breach. If your employees are knowledgeable and diligent in regards to your network’s security, they will be better able to notice atypical behavior.
- Discuss with your employees the best way to optimize credit card security. Remind them that handling credit cards and physical cash is similar. There is a lot of responsibility that comes with handling money and information. Limiting how much employees handle credit cards out-of-sight can help prevent dishonest employees from stealing customer information.
- EMV technology in the U.S. is catching up to the rest of the world after the 2015 EMV mandate. The chip that is embedded in EMV cards is encrypted and creates a new code every time the card is used to make a purchase, making the card unable to be replicated and more secure than a simple magnetic stripe card.
- If a fraudulent charge has been made with an EMV enabled card, but a merchant doesn’t have the technology to process an EMV card, the merchant must accept the charge as a loss. Because of the liability shift it is critical that merchants invest in a processing system that accommodates EMV chips, whether they choose an EMV- enabled terminal or Point- of- Sale system.
- The prevalence of EMV cards makes a data breach less likely because it is a lot harder for hackers to target individual cardholders as well as the businesses that accept them
If you would like more information on how to update your POS system and how to be more secure, including switching to EMV compliant technology, contact us at 800-317-1819!
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