Starting in October, companies will need upgraded terminals to accept cards equipped with microprocessors for increased security.
APRIL LCT: With about 90% of transportation industry transactions paid by credit card, every operator should be devoted to fraud prevention.
LCT APRIL: When retailers such as Target, Marriott and Kohls experience credit card data breaches, transaction procedures must be scrutinized. Make sure you securely move and store your clients’ credit card data.
PENDING DEADLINE: All merchant service providers must collect and report annual gross payments processed by credit or debit cards to the IRS and to merchants.
FEB LCT: Eliminate surprise fees, streamline transactions and improve the client experience.
Crystal Sulzer of Ferrari Merchants reviews 12 essential requirements for operators to check and verify before they can be considered PCI compliant in time for the July deadline.
JULY 2010 marks a key deadline for Payment Card Industry (PCI) compliance in the credit card processing industry.
Expert Don Coolbaugh of Advantage Funding continues a weekly series of questions and answers for chauffeured transportation operators on all matters related to financing and leasing fleet vehicles. You must clean up your own act before you borrow and spend on behalf of your business.
2009 has brought a severe contraction in credit availability for new fleet vehicles. Leasing and finance avenues have dried up as lenders absorb capital losses and arrange loans cautiously. Operators need spotless credit to get a good deal on fleet vehicles.
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