With the counterfeit card liability shift over a year behind us, restaurants remain cautious on investing in equipment and POS upgrades required to enable EMV card acceptance. Many have prioritized implementing point-to-point-encryption and tokenization, to prevent costly data breaches, over EMV, which protects against fraudulent individual transactions initiated with counterfeit cards. A data breach could cost a non-PCI-compliant merchant anywhere from $5,000 to $100,000 eve
It's surprising how many merchants do not seem to understand or take advantage of the benefits of credit card pre-authorizations.
Pre-authorizations can vastly reduce fraud, processing costs, and improve customer satisfaction. If you offered a typical online merchant access to a tool that would provide any of the above benefits most would jump on the opportunity. With that in mind, one must wonder why relatively few merchants take advantage of the benefits of pre-authorizi