VIRTUAL CREDIT CARD (VCC) Posted by Yunie on 9:13 PM

VIRTUAL CREDIT CARD (VCC) is a prepaid card that works just like a real credit card. It can be used at websites, online shops and online merchants where credit card payment is accepted.

There are various types of Virtual Credit Card, we have Virtual Credit Card for Paypal, Alertpay, Ebay e.t.c. these VCCs are mostly single use and non-reloadable and expires after 4months or 48hours if unused. Virtual Credit Card is not sent physically or printed on a plastic like a real Credit Card, it is sent electronically i.ke to your email address. When the VCC is sent to your mailbox you will find the following details:

The VCC card type.

The 16-digit VCC card number.

The 3-digits of CVC/CVC2 also called the pin or verification code.

The issue date.

The expirary date.

The VCC is Processed as fast as possible depending on your vendor it should be sent between 0-7 working hours excluding weekends AND holidays after payment is received and verified.

B2B Payments: Shifting Potential Liability Posted by Yunie on 9:09 PM

There are a lot of things that keep chief security executives up at night including disasters, theft of intellectual property, budgets, compliance, training and securing mobile devices. Added to this list is a growing awareness of the financial liability associated with a data breach. There have been well-known reputable businesses who have suffered large-scale data security breaches, some of which have been well publicized but most of which have received little or no publicity. But they are all victims of the ever-increasing volume of attacks directed at corporate systems.

The April 2012 Update to the Navigant Information Security & Data Breach Report documents this trend, comparing some startling statistics between Q3 2011 and Q4 2011:

There was an 88% increase in the number of records breached from quarter to quarter (Q3: 1.02 million records vs. Q4: 1.93 million records).

50% of hacking incidents targeted corporate entities in Q3, while 67% targeted corporate entities in Q4.

The average number of records breached per incident increased 71% from quarter to quarter (Q3: 18,253 vs. Q4: 31,069).

The same report analyzes the causes of data breaches and the results show that risks abound internally as well as externally:

Theft (40%)

Hacking (23%)

Public Access or distribution (23%)

Loss (8%)

Unauthorized Access/Use (3%)

Improper Disposal (2%)

As the B2B payments industry has been slowly migrating away from check payments to electronic payments, many businesses have gathered banking information about their suppliers. This is usually the supplier’s bank account and routing numbers which are needed for processing electronic payments via ACH or wire. But the very data that enables efficiencies and lowers cost in payment processing now creates a potential financial liability should the A/P system come under attack and suffer a data breach.

In the past year, we have talked to a number of companies who are attracted to outsourced payment execution in part because they would no longer need to maintain such banking information in their systems. Shifting the responsibility of securing data to a vendor who has deep expertise in securing financial systems is a very attractive proposition. Interestingly enough, we also see suppliers who will readily accept invoice payments via a virtual credit card in part because that payment method does not require them to share their banking information.

What are your thoughts on shifting potential liability? I’d like to hear from you.

Virtual Terminal Credit Card Processing Posted by Yunie on 9:05 PM

Virtual Terminal Credit Card Processing with ACG

Our exclusive virtual terminal credit card processing solution provides all the functions of a physical credit card terminal as an online web-based solution, safely accessible from any web web browser. Our virtual terminal credit card processing solution is designed for merchants who primarily work on MOTO payments (mail order telephone order merchant accounts). Our virtual terminal credit card processing solution is ideal for handling payments in bulk, for persistent charging, or managing one-time expenses such as those placed by fax, mail, or over the phone. Learn more, speak with a product specialist today.

Increase handling functionality with our Virtual Terminal

» Improve persistent charging by scheduling expenses at frequent intervals to facilitate the deal of daily, every week, monthly or custom fee schedules. You even have the option to generate and send environment friendly email statements with our virtual terminal credit card processing solution

» Process hundreds of transactions instantly with set posting by importing deal details from a file on your computer or your financial software.

» Make informed decisions and reconcile accounts easily by using our virtual terminal credit card processing solution

Increase security with our virtual terminal credit card processing solution

» Store and accessibility client and deal details safely in our PCI Level 1 compliant information centre, offloading the chance of storing client's private details. Customer details can be quickly recalled whenever for future billings.

» Empower employees and restrict accessibility with protection accessibility levels.

How our virtual terminal credit card processing solution works

1. Connect safely to the virtual terminal credit card processing solution through your web browser.

2. Enter transaction(s) by posting a set deal file, setting up a persistent deal or coming into a one-time deal.

3. Virtual terminal credit card processing transactions made through ACG’s powerful network are deposited every 24 hours. Continue to build your business while we process your transactions safely

To learn more our virtual terminal credit card processing solution contact us today by requesting an instant rate quotation.

Advantages and disadvantages of Virtual Credit Card Processing Posted by Yunie on 9:02 PM

Virtual credit card processing devices are becoming the new craze within the electronic small business. This is actually the purpose why most people do small business over the internet. Practically all credit card processing devices are suitable with any connection to the internet. Because the best shelling out restrict is pre-fixed, they're equivalent to gift vouchers that happen to be issued by financial institutions. Even though the names of several cards differ, their mechanism stays the identical. The virtual credit card processing can be an successful measure to put an end on the credit card frauds. In order for you your organization for getting a good credit score, you must sign-up on your own with all the most effective virtual credit card enterprise to produce your presence felt within the on-line current market. This consequently will draw in extra consumers in your retailer. These days, almost all of the persons carry a plastic card than very hot cash. It is actually time saving and aids consumers to produce bargains and store quickly due to the fact almost all of the shoppers are impulsive consumers. There are many advantages of these cards and also the key one particular remaining, its potential to examine the fraud linked pursuits. The virtual credit card processing utilizes one particular selection for your single transaction. The moment the selection is made use of, it can be discarded and cannot be reused. Because the maximum restrict on the shelling out potential is fixed and also the selection allotted for transaction is legitimate only once, this mechanism is rather safe. The hackers are certainly not thinking about these virtual cards due to the fact these cards expire inside of a short period. The fees manufactured from the final companies are minimal and so they have 24 hours provider to their consumers. These final can be configured to go well with a specific sort of small business. Just in case you'll want to enter the customer's card information and facts manually, you can do it. Just in case of the refund or cancelling a transaction, the choices are available. There may be no must install particular software or hardware, neither on the buyers' aspect nor on the sellers' aspect. The processing charge is rather low compared to other payment schemes over the internet. The acquisition done from the customer is anonymous. The merchant is not knowledgeable on the buyer's identify. In this particular manner, the client is absolutely shielded from fraud. Also, no charge is processed without having the consent on the customer. It is actually only immediately after they verify, the transactions occur. The downside on the virtual credit card processing is always that the Merchant can take a probability as the items are sent to the shopper even before the dollars is transferred on the enterprise account. One other downside is always that there is frequently a lengthy wait among the sale and also the payment remaining deposited within the merchant's account. For the purchaser end, any time you acquire tickets for your motion picture or an airline, you might be supposed to show the credit card. When you have made use of a virtual card selection that will not match the credit card selection you carry. Also the recurring charges develop into a inconvenience due to the fact by the point of the subsequent invest in period, your card selection is likely to acquire expired. Net Merchant Accounts - Purchaser Critiques, Complaints and Responses. internet merchant account.

PayPal Account Sending Limit Posted by Yunie on 8:47 PM

Many have asked this question before and many more would like to know what is going to be their sending limit once their account has a VERIFIED status?

Well! as per paypal

Whether you're buying or selling, you want instant, unlimited access to your funds. Get Verified and eliminate send limits. Improve your PayPal reputation, too. Once you're Verified, you can:

• Send and receive money as much and as often as you like
• Boost your credibility with buyers and sellers worldwide
• Send payments instantly from your bank account
• Take advantage of exclusive services such as PayPal Seller Protection