Tag Archives: American Express

Start Your Business with Credit Card Processing Services

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Debit cards and credit cards both are becoming one of the most
popular options for payment across the world these days. The trend of
using credit cards for payments is making businesses to introduce credit
card processing services. The payment processing services mainly
processes the credit or debit card transactions. It can be considered as
the bridge between the retailers and the Card Company like Discover,
American Express, MasterCard and Visa. If in case you are about to
initiate your retail business, then it will be worth considering a
credit card processing service. Even today in this competitive market,
credit card processing service is quite lucrative. Let us now discuss
the basic things of initiating such business.

The first thing is to understand the credit card
processing service. When you will become the credit card processor you
will be provided with a framework that will allow:

The
processor will charge a small percentage whenever a transaction is
processed. This is the source of income for the processor for providing
the services.

Secondly, you need to register as a company. You may
collect information from the local small business bureau or Chamber of
Commerce about how to register your company as LLC or corporation. This
will protect you from all the personal liabilities.

Thirdly,
you need to search for reseller options with banks. There are several
banks that are offering reseller programs to the companies. Through this
program the companies can resell the processing service of the bank
under their own brand and for this they will be paid a small fee as
well. If you opt for this program, then you will become the authorized
agent of the bank as well.

Fourthly, you need to purchase credit
card processing units. You need to lease or sell POS terminals to the
customers and also you need to apply for internet payment gateways for
online businesses. Moreover, you need to purchase and install software
for the processing of the cards. You need to purchase the terminals that
perform well with the systems of the bank. You may also lease the
equipments from the leasing agencies. It will be the cost effective
method for you, instead of purchasing them.

Lastly, you need to
acquire CISP (Cardholder Information Security Program) certification.
This will let the customer know that you have opted for all the security
measures to protect their confidential information from being hacked.
You need to get the certificates from all the major card companies so as
to prove that you fulfill the norms laid by the card companies in terms
of protecting the information of the cardholders.

Bin Checker For American Express Assists Merchants In Validating Credit Cards

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Before delving into the ‘BIN checker for American Express’ subject, we are going to take a look at what the BIN checker facility is exactly, and which factors govern it.

At its core, the BIN checker system works to resolve all the queries related to looking up details about a BIN number. These details are already stored and made available upon request in a BIN numbers database.

What does the BIN number list and BIN checker software represent? Why are people using it as a standard? To answer these commonly asked questions, read the following description carefully…

For each and every credit card, debit card and electronic charge, the first 6 digits of the entire numbers string are the BIN numbers. These numbers individually represent a special coded segment for the card type, where it originates from, which bank issued it – and so on and so forth.

With a more sophisticated BIN checker program, the end user gets to know a lot of other details that don’t come along with software of a general or trial nature. However, seeing that this specific information isn’t exactly the center focus of this article, we’ll move onto explaining the BIN checker for American Express.

What is BIN Checker For American Express?

BIN checker for American Express cards is nothing more than a special category of the first 6 numbers, which supposedly identifies all kinds of cards that were ever made under the tutelage of American Express. We use the word “supposedly” here because despite the state-of-the-art security, there are still times when someone will manage to pull a scam or fraudulent activity at a massive level.

However, ever since BIN checker software and BIN number lists came into existence, the overall degree of cybercrime has been reduced by a significant percentage. Only at seldom times will banks witness someone relating to a credit card horror story – in most cases, it is the card owner who is at fault due to a rally of careless mistakes on his/her part.

How BIN Checker For American Express is Assisting Merchants?

It isn’t really a matter of discussing everything in the context of American Express cards. Any good BIN checker website or online service can cover a lot more than a particular card category. In general, seeing to the massive volume of record and diversity stored in only one BIN numbers database, a person can expect to see details concerning:

-Stored value of the card
-Overall electronic benefit transfer
-Last few transactions – where and when
-Card issuing bank and intermediary bank details
-Card issuing bank website and address
–
Online merchants and ecommerce business owners have already set up a system behind their websites that checks whether the card qualifies for a potential fraud or illegitimate activity. If so, the transaction is rejected. Sometimes the matter is reported to concerned authorities if deemed relevant.

Delhi Jal Board – Now Ready With First Bills Under Its New System

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Delhi Jal Board supplies drinking water to Delhi residents, delhi jal board which is a voluminous activity of catering to the needs of almost 16 million people which activity has further grown leaps and bounds over a period of years, billing residents and collecting charges for the water used has now been made possible online. Bringing the facility of paying water bills on line has been a great benefit to Delhi people and the process is also very simple for anyone to follow, first with a registration producing authentic documents and then singing in every time they pay the water bills. On registration, the Water connection holder gets an username and ID using which one can furnish the details of supply-service account number and address mentioned in the water bill received earlier, while with one single registration and ID, the details of many cards can be furnished, which enables many people to pay their bills easily on line. Payment gateways of different types are linked to Delhi jal board bill payfacilitating the individual to remit bill amounts in different forms such as Credit card, Debit card and directly thorugh Net banking portals, which process involves providing the respective account numbers , name of the bank account holder or card holder, date of expiry in respect of cards and the billing address, all the popular credit card organisations such as MasterCard, American Express, Visa or Discover Card being authorised for this purpose. While remitting Water bills on line, the user has to be careful if the following details of the Bill are verified properly towards the remittance: 1.Name of the person on whom the Water consumption account is made and the Water bill raised 2.The current reading date 3.The Bill date 4.Water units for which payment has already been made 5.Payment due date 6.Current Meter reading 7.Type of Meter reading Delhi Jal Board has revamped the billing system only very recently and with the help of professional agencies such as Tata Consultancy Services, before which action billing process was facing lot of consumer complaints, such as the errors in meter reading which resulted in over billing and re-billing for the already paid readings etc, because of the fact that the readings were collected and stored at the Zonal offices, whereas the bills were generated at the Central Office, the payment details not reaching the Central Office in time, resulting in consumer grievances, further frustrating the consumer to go personally to the bill payment centres, waiting in long queues to get the bills manually corrected and payments already made adjusted removing the arrears claimed in the bill. With the introduction of online payments, which are made after the consumer verifying the details of billing in the net and the system accounting the remittances the moment online payment is made, without giving room for the complaints that were arising earlier, the new system requiring the consumer just to register to obtain a Username and ID for further transactions for online remittances.

What Do The Numbers Indicate On Credit Cards

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Ever wondered what the numbers on your cards indicate? Well you might have written them down at several points, either as reference or as a security measure in case of theft, but did you ever sit down to think what they might mean? Heres the answer.

The first number on your credit card denotes the system of the card. Is it a visa, master, or entertainment card? If the number is 3, it means it could be an American Express or Diners Club card or any other entertainment or travel card. Whereas a card with 4 as the first digit denotes that the card is a Visa card and a 5 means it is a MasterCard. A card that starts with the number 6 means it is a Discover card.

The number on the card also denotes the system of the card. For instance, a Diners Club card starts with 38 while, an American Express card number starts with 37. The third and fourth numbers denote the currency used on the card while the rest of the numbers till the 11th give you the information on account number. The digits from 12 to 14 is the credit card number and the last digit, the 15th is a check digit. This is the configuration in an American Express card.

A Visa and a MasterCard are similar in concept with some variations. They basically provide the same details, though the numbers and rules vary slightly. These numbers offer complete information on the users account and one must keep a photocopy of the card with the number or write the number down safely in case of card theft at any point in time. This reference number needs to be quoted to block your cards from being misused.

If you think this is all there is to a card, you are mistaken. The back of a card is even more configured with information and codes. The magnetic strip you see on the back of your cards (also called the magstripe) is made of iron-based magnetic particles. It is however plastic like in appearance. The card is often swiped at a business center or a store when you make a purchase and it is the magstripe that needs to be read by the magstripe reader.

Sometimes you may encounter problems with your card at stores or even at the ATMs where the reader fails to accept your card. This could in all likelihood be due to a dirty or damaged magstripe. In fact, even if your card has been exposed to magnets, it can damage the magnetized strip. So do take good care of your credit card and keep it protected from damages.

The 8 Best Iphone Apps For Managing Your Credit Cards

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Your iPhone can do so many different things. But if you’re a budget-minded individual who is trying to keep from drowning in debt, you want apps that do more than make funny noises or display cat videos. Like, say, an app that lets you manage your credit card accounts.

Here are the 8 best apps for monitoring your credit cards using your iPhone:

1. Mint

Finally, the comprehensive personal financial management website has created a mobile app for your iPhone. Now, you can get a snapshot of your credit card balances as well as all of your other financial data at the touch of a button.

2. BillMinder

You can have all of the credit card data at your fingertips whenever you want it – but if you still keep forgetting to pay your bills, then these apps don’t do much good. This particular app sends you alerts for when bills are due and helps you keep track of recurring payments.

3. Personal Assistant

Sure, this app puts all of your balances in one place and automatically tracks your credit card accounts. But it can also display your transaction history for each of your credit cards and can even help you stay on top of your frequent flyer miles.

4. DebtTracker Pro

This app does more than just show you how much you owe on your credit cards. It also allows you to set up a monthly payment plan to help you pay down your credit balances and get out of debt quickly and painlessly.

5. SplashMoney

Like the other iPhone apps, this one compiles your credit card and other financial data into one place. But it also has the capability to help you set up a budget to track expenditures, as well as graphically display your spending history so you can identify patterns and make adjustments accordingly.

6. iBank3

For hard-core Apple types, this financial app outshines all others. Not only does it have all of the functionality of the abovementioned apps, but it also syncs seamlessly with your Mac computer – and you get all of the speed and support you’ve come to expect from Apple.

7. American Express

This app does more than just display your Amex balance. It lets you easily monitor your rewards points and also separates your personal accounts from your business accounts while displaying everything on one screen.

8. Discover Card

Yes, you get instant access to your cash back accounts and your credit card balances. But this app gives you the added bonus of letting you sign up for money-saving promotions at the touch of a button!