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Industry News

Payment processing helps merchants in a variety of sectors

By Lauren Lindberg

06/07/2011 - Merchants around the country often find that by having the ability to process payments for customers using credit or debit cards they are able to increase business.

According to small business experts, setting up an ecommerce-enabled website could result in higher sales and may make the purchasing process easier for customers, who can buy the items from anywhere. In an article for Inc. magazine, Christine Lagorio said that entrepreneurs could take advantage of a variety of opportunities and resources available to them.

"For small businesses with a website already equipped with a store and shopping cart system, it's extraordinarily simple to set up online payment processing with the help of a credit-card processing service," Lagorio wrote for the magazine. She went on to write that entrepreneurs could ensure that all security concerns were handled by hiring an outside firm to protect sensitive information.

One of the ways that business owners can protect data is by meeting the requirements of the PCI Security Standards Council's Data Security Standard, which features a number of fraud prevention measures.

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