Bankcard Processing Systems, Inc.

11/01/2024

https://www.youtube.com/watch?v=MIhszYO3B50

Learn why Elavon is the ideal payments partner for small businesses in the retail industry with customized solutions for their business needs.

06/27/2024

Visa posted on LinkedIn an article explaining an enumeration attack which they describe as: An attack that occurs when a hacker attempts repeatedly — using automated scripts or software — to submit card-not-present transactions through a combination of payment values, such as a primary account number (PAN), a card’s verification value (CVV2), expiration date and postal code.
When fraudsters get an approval response, they know they have legitimate payment account details. And if they succeed? They can drain bank accounts or rack up a credit card bill.

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04/11/2024

As a customer using our Converge Mobile solution, we wanted to let you know that we have recently released an update that includes enhancements required by the card networks. Failure to comply with these new requirements may result in non-compliance fees of up to $100 per month for each non-compliant terminal.

Please be sure to update to the latest version of the app when it’s available in the iOS App or Google Play Store to receive the latest maintenance and bug fixes, and to avoid potential card brand non-compliance fees. It’s best to always keep the mobile solution up to date.

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04/11/2024

Helping our customers maintain compliance with card brand standards and best practices is a top priority.

As a customer using our Converge solution, we wanted to let you know that we have recently released an update to the ConvergeConnect software that integrates with your external card reader. This update includes enhancements required by the card networks. Failure to comply with these new requirements may result in non-compliance fees of up to $100 per month for each non-compliant terminal.

Be sure to download the latest update to take advantage of all the features and benefits Converge has to offer, receive the latest maintenance and bug fixes, and avoid potential card brand non-compliance fees.

To download the update:

• Log into your Converge account.
• Select the drop-down menu next to your username at the top right corner of the screen.
• Select Support/Downloads.
• Select Download Converge Connect.

We appreciate your business and are available to answer any questions you may have.

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11/08/2023

Cash Discounting

Offer customers a discount when paid with cash, check or store gift card

The process is simple: at the time of checkout, the customer is presented with two options to choose from – the total cost if they pay with a debit or credit card, or the discounted cost if they pay with cash. From there, the choice is theirs.

If debit or credit is selected, the device moves to the next screen and prompts for card entry as usual. If cash price is selected, the credit card transaction is cancelled, cash is used, and the lower price is paid.

07/11/2022

talech Mobile overview
The free mobile app puts a fully customizable mini-version of a business storefront in the palm of your hand. Providing the freedom to take digital and physical card payments safely and securely anywhere, users have the ability to quickly add discounts, taxes and refunds, and generate invoices from within the app. Users can build an in-app catalog or menu of up to 100 items with multi-level tax support, get an in-app daily sales summary report and have access to actionable business insights using key data points pulled from customer purchase tracking. It also comes with Credit Card Surcharge capability.

06/30/2022

The Payment Optimization Team has seen more and more TSYS based statements with a hidden “risk” fee added. Below is an example of when this new fee was disclosed in a statement message and how it looks on a statement. The number in parentheses is the first digit in the additional mark up, in this case the (7) is noting 75bps. This number can vary from 25bps all the way up to 725bps! As we can see it is on almost every card type. A casual look may not catch this but if we take the card highlighted below, we know it has an interchange rate on 2.95% & $.10. But when we do the math, we see it is being increased by 75bps. This is on top of the discount rate they disclose within the statement.



This added fee is costing this merchant an extra $3,829 a year! When reviewing statements check your interchange rates and if it’s a TSYS statement and we see (parentheses) we know we can advise that merchant and build value all while maintaining margin.

11/18/2021

The power of a gift card

Gift recipients have long loved receiving gift cards during the holidays, making them the most requested holiday gift for nearly 15 years, according to the National Retail Federation. For a business, there are bottom-line advantages to selling gift cards, including attracting new customers, extending holiday shopping beyond its season, profiting from unredeemed gift cards and reducing returns.

As we enter a gift-heavy holiday sales season, here’s a look at some recent data on gift card spending:
• Around 40-50 percent of gift card purchases are made in the November/December time frame.1
• Spending on gift cards is estimated to increase by 27 percent over this time last year to about $270 per person.2
• The average denomination for gift cards purchased at this time last year was about $45, and consumers typically spent 40 percent more than the value of their gift card.2
• The global prepaid card industry surpassed $2 trillion last year thanks to gains in gift cards.3
• The gift card market is now projected to hit $4.1 trillion by 2027 – which is about 50 percent higher than many pre-pandemic estimates.3
• Quick-serve restaurants often see a 6 percent increase in average check size for online orders paid with a gift card.

The pandemic contributed to double-digit growth during last year’s holiday season as consumers sought contactless ways to spread holiday cheer. This year, because of the ease of giving a gift card, more people shopping online, and the growing concern over slower delivery times and inventory issues, gift cards are well positioned for another successful holiday season.

10/28/2021

Visa fraud alerts: Digital skimming and ransomware
Fighting fraud is a never-ending battle, with the landscape shifting every day. So it’s important to stay up to date on the latest skirmishes – and what you can do to live to fight fraud another day!

To that end, Visa recently released reports on two particularly troublesome threats: digital skimming and ransomware. Both fraud threats have been around for years, but as Visa pointed out, “digital skimming remains among the top threats to eCommerce merchants, card-not-present data and the payments ecosystem.”1 As for ransomware, a group called BlackMatter is now wreaking the most havoc, especially for larger organizations.2
Both digital skimming and ransomware involve using malicious code (malware) to compromise sensitive payment information. With digital skimming, an attacker infects a website with malicious code that “skims” payment card information while it is being entered into a website during payment, with the merchant and cardholder unaware. Ransomware infiltrates an organization’s computer system and holds the data hostage in order to collect a ransom.
There are no easy answers for combatting these threats, but constant vigilance can help. This includes regularly scanning and testing eCommerce sites for vulnerabilities or malware, and monitoring the eCommerce environment using indicators of compromise (IOCs) that are associated with attacks. Here are IOCs recently identified by Visa Payment Fraud Disruption that can help identify, mitigate and prevent digital skimming and ransomware attacks.
Recently identified digital skimming IOCs


IOCs associated with malware used in recent BlackMatter campaign


1Visa Security Alert – August 2021: Digital Skimming Indicators of Compromise
2Visa Security Alert – August 2021: BlackMatter Ransomware Actively Targeting Multiple Regions
Devices in stock – your weekly update
From terminals to peripherals, our device stock tracking chart is an easy way to keep track of what devices are currently in stock. Click here to see the current chart in its entirety.
Please note that information contained in this chart is based on last week’s purchasing activity, and stock levels may have changed at this time.

09/23/2021

Customer data protection: Front end security
When it comes to card-not-present (CNP) transactions, there is an abundance of technology through Elavon and its partners to help keep cardholder payment data secure. But merchants share the responsibility of keeping their front end – their eCommerce website – secure from the threat of bad actors.
Here are five details merchants should be keeping an eye on.
• If the merchant uses an outside vendor to develop and maintain their eCommerce website, they should be checking that the coders don't leave HTML source code wide open for fraudulent authorization testing.
• The merchant should be checking that they are up to date with their Payment Card Industry Data Security Standard (PCI DSS) validation. This includes verifying protocols they put in place are being followed by all staff, and if business changes may require an update to their protocols.
• Merchants should be verifying that their shopping cart software and plugins are up to date, that the most current updates are running on those systems and that inactive plugins have been removed.
• Merchants should be regularly scanning their website for malware and making sure their website’s SSL certificate is current and working properly.
• Merchants should also be using strong passwords for any accounts that connect to their website. They should have controls in place related to employee access and logins, including administrative accounts, hosting dashboards, business databases and FTP access.

07/15/2020

It is more important than ever to keep you and your customers safe. We are running specials on equipment that will do just that. Give us a call for details!