Tag Archives: credit card terminal

Why you shouldn’t rent an EFT 930 Terminal

EFT-930-TerminalFrom April 2017 the EFT 930 terminal cannot be used under the latest regulations. Because by then these terminals, which are PCI PED 1.3 products, will not be compliant. So what do we mean by this?

Early Security Standards

Prior to 2004, each credit card brand policed their own PIN Entry Device (PED) requirements for security. In 2004, Visa and MasterCard collaborated to align their specifications and PCI PED was born.

Subsequently additional card brands collaborated. The PCI SSC (Payment Cards Industry Security Standards Council) was formed in 2006 with the PCI-DSS (Data Security Standard) standard in its scope. PCI PED was brought under the PCI SSC umbrella in September 2007.

The initial release of PCI PED, call it version 1.0, harmonised the requirements of Visa and MasterCard and provided a security baseline that the card brands felt represented a minimum level of security required in any PIN accepting device.

Maintaining Security

As security threats have evolved, PCI PED has been enhanced to maintain a balance of compliance and expense. PCI participants have agreed that, in general, PED security will be updated at least every three years.

As these changes are made, the PCI SSC (Payment Card Industry Security Standards Council) publishes the transition dates between versions. They usually publish a date whereby the previous version can no longer be certified, as with the EFT 930 Terminal, as being compliant with the current version of the standard and a second date when that product can no longer be purchased.

PCI PED version 1.3 devices are no longer certified but can be sold until December 2014, such as the EFT 930 Terminal range.

What this means to you the Retailers

So why should a retailer making a product purchasing decision today care about the difference between products approved for either PCI PED versions 1.3 or 2.0. The most fundamental answer is to reduce the risk of compromise and to extend the serviceable life of the product selected today.

EFT-930-Terminal

EFT 930 Terminal

In other words EFT 930 Terminal products are no longer compliant and a classed as “Old Stock”.  Here at PDQ machines all machines we currently rent are PED 2.0  and so will be compliant until 2020.

Why is this happening?

All changes to the PCI PED standards are driven as a result of actual product attacks that are detected in the field, by an analysis of criminals increasing skill and sophistication and by the ever decreasing cost of technology. As technology capability continues to increase and technology cost continues to decrease, the risk – reward ratio continually changes.

When you purchase the latest version PCI PED certified product from PDQ Machines, you are ensuring that the device can withstand the latest generation of attacks and will remain sufficiently secure for the longest period of time. (Note:  it is quite possible that an attack will be mounted that forces PCI to alter the current dates for installation and usage of a particular version of device.)

In closing, it is PDQ Machines’ strong recommendation that any retailer making a device purchase decision in 2014 seriously considers the risks associated with purchasing a non-PCI version 2.0 device and that any organisation selling or hiring to new customers a EFT930 Terminal product or non PCI 2.0 device after April 30th 2014 should be reported to Visa and Master Card.

Technically PCI PED version 1.3 devices like EFT 930 Terminal range, can be installed during the first quarter of 2014, but it should be remembered that the initial requirements of PCI PED version 1 were written in 2004 and the sophistication of technology and skill of criminals has progressed significantly since then. So click here to ensure your new credit card machine not only complies with the legislation but is a great deal as well!

 

Benefits of mobile credit card machines

If you accept credit cards, you need a credit card machine to ensure your business can bank more sales. If your business extends beyond the confines of brick and mortar, you will be taking payments at client locations, on-line or open-air events. If you can use a credit card machine from any location where there is mobile service, you will do more transactions.

Your mobile phone plus a mobile credit card machine will give you real-time validation and payment processing, low rates and fees for each transaction and on-line account management.

If you can take different forms of payment, you will boost revenue. The best credit card machine  processing services let you to take different forms of payment. Also, the best services let you make sales in various locations. You should be able to accept payments on-line or at remote locations without access to the internet. The best credit card machine processing services empower you to accept all forms of payment at any time. So they need to handle credit cards and debit cards.

Fraud protection is another important factor as you select from the competing on-line credit card machine suppliers. The right service will protect you from fraudulent customers by using Address Verification Services. It will also use VeriSign SSL Certificates.

The best credit card processing companies take a number of forms of payment, and let you receive payments from anywhere. The best also provide protections against security and fraud.

Credit Card Machine Processing: What to Look For

The criteria to consider are as follows:

  • Pricing

  • Several fees determine the real cost of using any credit card machine service. Aside from setup fees and monthly service fees, there are also fees each time you process a debit or credit card. The per-transaction fee is typically composed of two elements, the base rate and the processing rate. These vary by the payment gateway and merchant account you use. While one service may have a low per-transaction fee, the authorisation rate may be high. Calculate your average sales to find out which combination is the best for you.
  • Average Approval Rating

  • How quickly a credit card machine supplier approves applications? What is the application fee? Out of all applicants what percentage are approved?
  • Cost per Month

  • What are the monthly costs with one statement, charge-back and gateway fee. The best providers charge low fees and communicate about on-going fees and charges.
  • Start-Up Cost

  • How much it will cost to establish a merchant account and set up a payment gateway?
  • Account Set-up Time

  • The best credit card machine suppliers give great service and approve applications and establish merchant services accounts within 3 working days.
  • Customer Service

  • If a credit card machine company doesn’t offer a same or next day service seven days a week, it is probably not the best choice.
  • Internet Based Features

  • Merchant account should provide an on-line payment gateway. They should also support more than one type of virtual terminal.

With these points in mind, you will be able to pick the best credit card machine processing service. We are confident that we are one of the best credit card machine suppliers in the UK. We say so because of our great service ethos. PDQ Machines knows when a credit card processing service is fair. We also can spot abusive transaction fees. We can help you sidestep hidden traps and duck outrageous fees.

Just contact us here to get a great deal and great service.