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.
There’s nothing friendly at all about so-called friendly fraud — a term that describes the practice of fraudulent chargebacks. Chargebacks occur when banks force a refund for a disputed credit card purchase.
There’s an important deadline approaching and your business should be prepared. October 1, 2015 is a date to mark on your calendar. That’s when businesses need to update their credit card terminals to accept EMV chip cards or they may assume financial responsibility if a data breach or counterfeit transaction occurs.