Enjoying what you’re reading? Sign up now.

Subscribe
Search

Quiz: How Well Do You Know Payment Processing?

Payment Processing
Article Highlights:
  • How well do you know the things you use every day?
  • Is your payment processor protecting you and your customers?

By Tim Eckert | July 6, 2021 | Business Office

Payment processing is a vital part of every business. It’s the PIN pad at the gas pump and the checkout portal on your favourite website. It’s how your customers pay for service visits, down payments, and more.

But do you know how it works?

It takes a lot to make sure the right payment card gets charged for the right amount at the right time all while protecting personal information to prevent costly data leaks.

Take this quiz to see if you know how payment processing works and how it helps your business.

What does point-to-point encryption do?
A fully equipped payment processor can support which kind of payments?
Where can payment processing be used in the dealership?
How can a thorough payment processor improve efficiency in the accounting department?
True or False: Payments on a credit card terminal can match the DMS 100% of the time.
How does tokenization work to protect card information?

 

Almost everyone uses some form of payment card regularly. Click here to learn more about how the payment processor you choose can impact your business.

Share this Article

Tim Eckert

Product Planning, Reynolds and Reynolds

Tim is a Product Planning manager at Reynolds and Reynolds for the
ERA-IGNITE platform, Business Office applications, Document Archiving solutions, Networking solutions, and ReyPAY®.

Related Articles:

Business Office

Sleighing the Reporting Game: Digitizing Your Business Office

The enchantment of the holiday season is undeniable. As the living room fireplace crackles with life, its warmth greets you with a cozy embrace. Fresh…

Read More

Business Office

Navigating the New Era of Car Buying

In today’s fast-paced automotive market, the journey from online browsing to in-store transactions has become increasingly complex. Customers expect a seamless experience where the information…

Read More

Business Office

Three Ways to Spring Clean Your Accounting Office

Winter has melted away, and we are moving on to the next season. Spring means warmer weather, flowers blooming, and the start of baseball season.…

Read More

Business Office

Roadmap to Dealership Success: Working One Deal From Online to In-store

Imagine you’re navigating a winding road, guiding your dealership toward success. Along the journey, you encounter a few bumps – discrepancies in payments and information…

Read More