News – OPL Online

Contactless card payments limit to increase

Fri, 10 Apr 2015 16:03:48 +0000

The spending limit on contactless card payments is to be increased to £30 from September 2015, the UK Cards Association has announced. Contactless card payments are a time-saving way for customers to pay by card. This allows people to pay for small value items, such as news papers, coffee and sandwiches by presenting their credit or debit […]

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Improving Cash Flow – Cards vs Cheques

Wed, 18 Mar 2015 13:19:08 +0000

Every few years cheques are evaluated for their viability and durability in today’s society. Talk of phasing out cheques is often a headline. The UK Payments Council have paused this until confirmation that a suitable alternative has been found. With payment by card continuing to increase in popularity, businesses should consider the full scope of card payments, including […]

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MOTO Card Payments – what, why and how?

Mon, 16 Feb 2015 13:48:14 +0000

Card payments can be found in all areas of business, retail and servicing. As a consumer, we are guided through the payment process by the site or employee we are paying. However, when it comes to determining what your business needs, it pays to know more. There are three different types of card payments; cardholder […]

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OPL’s Pre-Registering Cards

Mon, 14 Jul 2014 12:27:30 +0000

Is this a familiar scenario? Each month, just before invoices are overdue, the same customers ring to make a payment on the same card, giving exactly the same details and taking up valuable time for both your staff and theirs. This is ok when it’s just one customer, but when 5, 50 or 500 are calling the office on […]

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Level 3 Card Payments: What is it and why should we use it?

Thu, 15 May 2014 16:12:53 +0000

Card payments have many benefits. Firstly, it is a quick and easy transaction for the customer to make. Secondly, it allows those with credit cards to get extra payment days without affecting your DSO. And finally, because there are many helpful automations available by using this form of payment and data transfer. Line Item Detail Level 3 card payments are a […]

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US Retailer Admits to Card Security Breach

Tue, 29 Apr 2014 12:44:20 +0000

Michaels Stores Inc, the biggest U.S. arts and crafts retailer has confirmed that there was a card security breach at certain systems that process payments at its U.S. stores and that of its unit, Aaron Brothers. The breach, which took place between 2013 and 2014, has affected about 2.6 million cards, or about 7 percent […]

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Visa and MasterCard Block Russian Bank Customers

Thu, 27 Mar 2014 19:55:28 +0000

Visa and MasterCard enforce US Sanctions Visa and MasterCard have blocked credit card services to some Russian bank customers as a result of US sanctions. Four banks are so far affected, all of which have links to Russians blacklisted by the US. Visa and MasterCard, both US-based companies, are forbidden from having any dealings with […]

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BBC Watchdog

Wed, 12 Feb 2014 16:00:57 +0000

BBC Watchdog – Credit Card Scam The BBC’s Watchdog program recently carried out an experiment demonstrating the effectiveness of an old-style credit card scam. Mock fraudsters, Paul and Alexis from The Real Hustle, showed just how easily they were able to gain victims’ credit card details over the phone. Out of the ten calls made, […]

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What is PCI DSS?

Mon, 03 Feb 2014 14:15:04 +0000

PCI DSS is the Payment Card Industry Data Security Standard, it is a worldwide standard that has been established to ensure businesses process card payments securely and in doing so reduce payment card fraud. To ensure that your organisation is PCI DSS compliant you must: • Encrypt all stored card data • Encrypt the transmission […]

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