Bank Card Processing

We don't have to tell you that credit and debit card processing has become a major cost for your business. Retail Financial Services has done something about this by offering a low cost program with the best possible service. To show how much we can reduce your costs, just fax one of your current month end bankcard statements, in its entirety, to Mac Hardin at 952-933-4595. He will get back to you with a side-by-side comparison showing how much RFS can reduce your costs.

The RFS Credit Card Program offers:

  • Visa, MasterCard, Discover, and American Express processing
  • A single, daily deposit for all four cards
  • Payment directly to you, rather than credit to a wholesaler's statement
  • Deposits paid at gross, rather than net
  • Fastest possible turnaround time for your credit card money
  • No application or reprogramming fees
  • 24/7 Service
  • Gift Cards specifically for your store are also available

PCI Compliance

The five major card companies, Visa, MasterCard, Discover, American Express, and JCB are out to stop the theft of card numbers. To do so, they have mandated that you comply with their Payment Card Industry Data Security Standards (PCI-DSS).

Aside from their mandate, it is just "good business" to become compliant. Should card numbers be stolen from you, either electronically or in paper form, not only will you have unhappy customers, but you will be faced with paying for the re-issuance of the stolen cards, the merchandise and services that were obtained with the stolen card numbers, and the investigation. These "fines" can range from $10,000 up to a half million dollars. Quite frankly, you can be fined out of business.

The compliancy standards for Point of Sale Systems are very much different than they are for dial up, stand alone, terminals. While both require employee training and compliant equipment, point of sale software must now pass compliancy tests and be scanned on a quarterly basis by an outside service.

Questions on PCI compliance? Contact Mac Hardin at 800-999-4399.

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