One of the most important steps for making a safe and secure credit card transaction is receiving a confirmation from the card issuer. When transactions aren’t authorized, a merchant is open to fraud, chargebacks, and other merchant-side errors. The problem with validating a transaction is that...
Payment processing technologies are finding new ways to generate and reshape their revenue streams. By looking at how credit and debit card processing fees are layered, you can find new ways to increase profits through your transactions. Below we’ll cover everything you need to know about...
As intermediary technologies between a payment system and merchant, Independent Sales Organizations (ISOs) and Payment Facilitators (PayFacs) serve a very similar purpose. As a nonprofit, museum, or zoo looking to integrate a payment system into your institution, it’s important to understand the difference between PayFacs and...
For many nonprofits and cultural institutions, sponsorship is often a necessary part of gaining the funding you need to support an event. Even with donor campaigns and fundraising efforts, partnering with local business or larger organizations can give you the security, credibility, and resources you need...
Advances in e-commerce and payment technologies have made online payments, e-commerce transactions, and digital financing easier than ever. People can make payments and manage their banking needs from their phones, tablets, kiosks, and more. This is mostly a good thing for both your guests/members and for...
If you accept online payments, chances are you already use a payment Application Performance Interface. APIs provide users with the ability to connect to external software or operating systems, providing them with necessary data, information, and other SaaS functionalities. APIs help create seamless transactions, payment features,...
You may be familiar with the European Union’s General Data Protection Regulation (GDPR). It is, according to the GDPR itself, “the toughest privacy and security law in the world.” But why is it important today, and why should you care about its restrictions? What exactly is GDPR? Before...
If you’re a museum, zoo, nonprofit, or other cultural institution, you need a robust payment processing system that can seamlessly sell tickets, generate members, accept donations, and more. The easier you can get donors or guests from your website to a membership subscription page or...
All nonprofits and cultural institutions want pretty much the same thing things – to share their passion, achieve their mission statement, and serve their communities. In order to do this, however, they have to raise funds and keep their doors open. This is where having a...
A Payfac, or payment facilitator, is essentially a third-party payment system that allows businesses and organizations to receive and process online and in-store payments. Similar to PayPal or Square, merchants don’t get their own unique accounts. Rather, they get a general merchant account that doesn’t...