Wednesday, February 8, 2012
Lax Security With Restaurant Merchant Processing Mobile Hand Held
Those with restaurant merchant processing mobile hand held devices should be a little more careful these days. The reason for this is because the credit card industry has recently been cracking down on numerous restaurants that do not protect their customers’ credit card data from potential theft. Giants such as Visa, MasterCard, and other financial institutions who process electronic payment have been sending warnings letters and holding seminars for this reason. It is their goal that restaurants take additional steps to guard credit card information.
According to credit card processing providers, countless thousands of restaurants are not adequately complying with credit card industry security rules. Any merchant that accepts credit card transactions is obligated to follow security rules created and enforced by Visa, MasterCard, American Express and Discover. But since January 2005, restaurants have combined to make up 40 percent of incidents where criminals gained unauthorized access to credit card information.