Protecting payment card data is critical to reduce the risk of fraud and identity theft. TransFirst® advocates a multi-layered approach to payment security including EMV acceptance, end-to-end encryption, tokenization and Secure Commerce Architecture.
Both healthcare consumers and healthcare providers are in favor of new and improved payment options. As a full-service payment processor, TransFirst® applies our industry expertise to patient responsibility payment processing and anticipates and addresses the special needs of providers.
A few months ago I took a car service to the airport. The driver used a mobile payment system to collect his fee, and after he swiped my credit card he handed me his smartphone to complete the transaction. But before I could sign for it, the screen offered me the option of adding a tip in specific increments— 15, 20 or 25 percent.
The National Retail Federation (NRF) has gone on the record as opposing any legislation that would force retailers to follow data security rules created for the banking industry. Instead, it has asked Congress to pass a uniform national data breach law.