Interchange Plus Solutions LLC

Description

On this page and the accompanying downloadable documents, we provide the best practices information you need to help prevent fraud from occurring in your business.

Not being PCI compliant increases your chances of undergoing a data breach, which has significant repercussions and could cost you your business. You may be fined anywhere from $10,000 to $500,000 or more per breach. Incidents currently lead to a minimum of $12,000 in forensic investigation and legal fees. Merchants can be liable for chargeback fees, costs to cover fraudulent purchases, reissuance fees at $5-25 per compromised card, and possibly paying to supply security monitoring of all compromised accounts.

Becoming PCI compliant and maintaining that status will help you reduce threats to your business and your customers. Any merchant or service provider (i.e. payment gateway, shopping cart, web hosting company, etc.) that accepts, handles, stores, or transmits credit card information must validate PCI compliance each year. The validation process will help educate you about what steps to take in order to make your business PCI compliant.

ARB provides you with a reliable and secure way to manage your customers’ recurring billing. Simply create an ARB “subscription” that includes the customer’s payment information, billing amount, and a specific billing interval and duration. ARB does the rest, automatically generating subsequent recurring transactions based on the schedule you set. There’s no manual entry of transactions required at each subsequent billing. Your customers will benefit from flexible, no hassle billing without the risk of late fees.

Yes. We have many years experience working with Internet merchants and provide valuable recommendations to assist eCommerce merchants to help protect themselves by using common sense and best practices . In addition, Authorize.Net provides free basic fraud prevention with Address Verification and CVV settings. For a further level of fraud protection, Authorize.Net offers their Fraud Detection Suite (FDS).

Fact sheet

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