Hi,

Many ISO’s, acquirers banks and processors are using the latest PCI/DSS/FACTA compliance standards for the credit card industry to scare merchants into purchasing new credit card terminals, POS systems, gateways, etc. They are mailing and/or calling them telling them that they must purchase new equipment because their current equipment is out of compliance.The fact is that 99%+ of the equipment and POS systems and probably 100% of the internet gateways, virtual terminals and shopping carts are compliant. In case you do have an issue with the card truncation or expiration date appearing on customer receipt this can easily be fixed on the file at the hosting platform which also can be set to minimize or entirely eliminate the infamous “downgrades” that MC/Visa card issuing banks and unscrupulous processors use to charge merchants a higher rate for their card acceptance. Also while I’m on the subject you should also be aware that entering the CVV code has nothing to do with the rate that a merchant pays to process credit cards. It is entered to help protect the merchant especially MOTO merchants against fraud. One big weakness in the payment processing industry is that the majority of customer service and tech support staff are undertrained and inexperienced so when they do attempt to give advice in these matters more often than not they give the wrong advice. As far as longevity of your equipment remember that most equipment is setup to last for years for high transaction merchants such as restaurants.So if you receive notice that you have obsolete equipment be aware that someone is just trying to steal your money.

For an honest assessment of your present cc order system contact:

Bill Hoidas
Payment Consultant Manager
Larger B2B/MOTO/Internet Accounts
Product Development Manager
Matrix Payment Systems
(847) 381-3482 office
(847) 381-4289 fax
http://paymentconsulting.net
http://chicago.citysearch.com/profile/44659273/barrington_il/matrix_payment_systems.html
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