In the last decade our lives have become increasingly mobile and technology continues to evolve to meet consumer demands and serve the mobile masses. Many businesses have found success by adding flexibility and convenience at the point of sale.
Average ticket refers to the dollar amount of a merchant’s average credit card sale, or a mid-range sales amount. It’s calculated by simply dividing your gross credit card sales by the total number of credit card transactions.
When you are running a successful business and things are going well, you may not want to think about what could go wrong, but to protect your investment you should focus on business security and disaster preparedness. Security is the foundation of all electronic transaction processing and TransFirst® is also committed to helping you keep your business safe.
In the alphabet soup that floats the credit card processing industry, the initials ACH stand for Automated Clearing House, a vast electronic network that connects banks, credit unions and all other financial institutions.
The more compliant you are with Payment Card Industry Data Security Standards (PCI DSS), the less likely you are to suffer a data breach, is a key takeaway of the Verizon 2015 PCI Compliance Report. Security needs to be a part of the culture of the organization — something that has been said for a while and emphasized in Version 3.0 of the PCI DSS, the Council’s updated data-security standard.