PCI-DSS stands for Payment Card Industry Data Security Standard. In short PCI-DSS represents a common set of industry tools and measurements devised to ensure the safe handling of sensitive information. The standards and principles that support PCI-DSS compliance are established by a Council chaired by American Express, Discover Network, JCB, MasterCard Worldwide, and Visa International.

PED stands for PIN Entry Data. All machines with PIN entry options must follow the standardized PCI-DSS safety regulations.
For further information concerning these regulations and standards, go to:
https://www.pcisecuritystandards.org/index.shtml

The credit card issuer is the  cardholder’s bank-financial institution. It extends credit to its clients by issuing credit cards and using their bank accounts as collateral.

Poseidon Payment Solutions works with major credit card associations to ensure your online payments are secure and reliable. Our e-commerce payment solutions are always technologically up-to-date. In fact, we strive to be one step ahead,  through the development of well researched, innovative payment solutions.

A merchant acquirer is a bank or bank processor affiliated with Visa, Mastercard or American Express. The acquirer’s role is to process credit card transactions for merchants.

The fees charged to a merchant from credit card transactions are called Interchange fees. They are charged in order to ensure the standardized electronic exchange of financial and non-financial data associated with sales and credit data between a merchant acquirer and credit card issuers. Fees vary according to payment strategy.

Yes. A merchant account is necessary in order to accept payments by major credit card brands. It is set up through a credit processing company or a bank and all credit card payments are processed through it. Account fees vary from one merchant acquirer to the next.

Depending on the bank that the payments will transit through, it takes 1-3 business days for the funds to be deposited in your account.

Poseidon Solutions allows you to accept all major credit cards including: Visa, Mastercard,  and American Express. We also make it possible for you to accept Interac payments.