Articles By: iSolutions

What is the Difference Between a Refund and a Force Credit?

Refunds vs Force Credits In both instances, you are returning money back onto a customer/client’s credit card. The difference between the two is the way a merchant sends that money back, and which account it may go back to.   Refund The refund method has an off-setting sale. This means that a cardholder purchased something …

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Why is Tokenization Important?

What is Tokenization? A piece of randomly generated data that serves as a placeholder for a more valuable piece of data is known as a token. Tokenization is when sensitive information, in this case credit card numbers, is replaced by tokens for security purposes.   Example: Discover Card: 6011 000 4321 1234 Tokenized Discover Card: …

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How Does Interchange Optimization Help My Business?

What is Interchange? Being able to accept credit cards is a vital part of a merchants’ business today, and there is a cost associated with doing so. The cost of running a credit card, known as interchange, is passed by the card brands. Interchange fees have a direct correlation with how cards are being accepted. …

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What is PCI Compliance?

The Importance of PCI Compliance In 2004, the major card brands banded together to combine their compliance standards, creating the Payment Card Industry Security Standards Council (PCI SSC). This Data Security Standard (DSS) was developed as a response to increasing attempts of hackers stealing information. Credit card information is sensitive data that must be properly …

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