NEW YEAR WITH NEW TECHNOLOGY-IS YOUR BUSINESS READY AND COMPLIANT? PALERMO'S PAYJUNCTION EDUCATES BUSINESSES ON TOP FEATURES AND PCI COMPLIANCE

Palermo’s PayJunction, a local merchant processing service serving Union County and New Jersey, is providing important information to businesses within the community on the top three payment processing features of 2015 and educating them on unnecessary hidden fees for business transactions and non-compliant PCI fees.

Michael Palermo, Owner of Palermo’s PayJunction states “It’s a technology based world with new innovative ways that impact retail and ecommerce businesses and their ability to interact with their customers. It’s sad that many businesses both small and large do not realize the fast, reliable technology is essential to keeping customers happy and to protect their business from credit card fraud. Many businesses also do not realize hidden fees they are being charged each month. In today’s economy, every penny counts and merchants are losing money in which they don’t have to lose if they simply keep up with making sure their system software is current. By educating business owners on these issues, they never miss payments, are protected against credit card fraud, aware of hidden fees and PCI compliant.”

We are educating them on the top three processing features of 2015 such as the new EMV feature which will be required by October of this year. “If businesses fail to switch to the new global standard, they are putting their business at risk and the liability for fraud will switch from the credit card issuer to the business. Wallet less payment mobility that accepts payments such as Apple Pay is another big feature in which many major retailers already have updated software allowing them to accept wallet less payments from their customers and the last feature is software that has all-in-one-functionality through the same device, retailers can now accept cash, credit cards, and debit along with universal acceptance of technologies like EMV, NFC, and QR codes. Gift and loyalty programs can also be managed through this one device and all software is updated to ensure all payments are secure and reliable,” states Mr. Palermo.

Another area of discussion with businesses is detecting fees on your monthly statement and why it is so important for businesses to periodically evaluate their monthly statements. He is providing business owners with ways to improve sales and receivables by implementing an online payment system and ways to improve tracking sales and receivables and learned about various credit card processing methods to better serve their business.

To help the local business owners comply and not at risk or have to turn away a wallet less customer, Palermo’s PayJunction is offering a FREE updated terminal which has the new features ($895 savings) and a FREE credit card statement analysis with no obligation through February. Interested businesses wanting more information on the free updated terminal or would like to have a free analysis completed, should email their interest to info@palermospayjunction.com or call (732) 908-9595.