Posts Tagged ‘iPhone credit card processing’

Innerfence and AppNinjas entering the Card Present world

Wednesday, June 2nd, 2010

Innerfence and AppNinjas are about to make a giant leap into hardware devices and physical processing environment.
According to the practical ecommerce, both applications will support, within 60 days, a “hardware device” that will enable merchants to swipe cards instead of keying in transactions (no hint regarding the card reader type that will be used).

Derek further implies that such swipe transactions will be considered as Card Present (“running cards at a Swipe’s rate”) and will also enable merchants to enjoy “both online and in-person transactions” using the same one solution/merchant account.

Getting a Card Present approval from Visa and MasterCard isn’t easy. Verifone decided to disable the CNP scenario on their PAYware Mobile solution when they applied for a CP acknowledgment… Assuming such is achieved, it is still far from the vision of one solution for both scenarios: Card Present and CNP.

As both Innerfence and AppNinjas are using Authorize.net as a Payment Gateway, they cannot offer an ‘all in one’ account unless same is offered by Authorize.net. Other major Gateways and Processors are in the very same place and currently do not support such one account, so “hold your horses” on that vision for the time being…

Compare different iPhone Credit Card Processing solutions and go with the one that suits you best!

Gidi Argov, Founder and CEO
www.CreditCardProcessing-r-us.com

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Posted in Credit Card Processing, iPhone credit card app | 9 Comments »

Is it safe to accept credit cards with an iPhone?

Wednesday, March 3rd, 2010

The real question is: “Is it safe to accept credit cards?” with or without an iPhone…

If you read the previous post you are well aware of the motivation and monthly numbers of web searches for stolen/faked/or otherwise hacked credit card numbers.

Accepting credit cards with an iPhone using an iPhone credit card app, is identical to accepting credit cards via any other computer web connected virtual terminal. As most virtual terminal users run a MOTO business, in which they never actually see the card, in most cases, when you accept a credit card with an iPhone, you’re probably on a safer ground, as unlike those MOTO businesses, you, at least occasionally, do see the actual credit card.

All iPhone credit card applications (included on our site…) are PCI compliance, as restricted credit card info is never saved on your smart phone. The second you process a credit card transaction, the info is securely sent to your payment gateway, and transaction details no longer include credit card information you are not supposed to maintain.

As a merchant accepting credit cards you need to make sure you use anti fraud measures, just like any other merchant. Many iPhone merchants, like other small merchants, use their payment gateway and merchant account provider to fully run the fraud management on their behalf. The real risk in this kind of an arrangement is a business loss, as your provider, might decide to decline a transaction you could have decided to take…

Gidi Argov, Founder and CEO
www.CreditCardProcessing-r-us.com

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Posted in Credit Card Processing, iPhone credit card app | 5 Comments »