NextPay Merchant Services Launches ChargeIT Virtual Terminal

NextPay Merchant Services announced the release of its ChargeIT Virtual Terminal, a server-based application that turns any PC into a credit card processing terminal. The new product will reduce costs associated with merchant credit and debit card transactions as well as increase security over traditional “credit card machines” or “client-side” processing applications.


“Identity theft and credit card fraud on the rise -- combined with the Payment Card Industry's (PCI) 2010 deadline for security compliance -- it is extremely important merchants secure their processing networks to protect cardholders’ information. NextPay launched ChargeIT in an effort to meet both the needs of merchants for cost reduction and the regulatory compliance issues of PCI/DSS,” said Lynn Varnell, NextPay Merchant Services chief operating officer.

A New 12-Step Program: PCI DSS compliance basics

We’ve discussed the issue of “Paying for Peace of Mind” when it comes to Payment Card Industry Data Security Standards (PCI DSS).  As we noted, many Merchants are paying a PCI Compliance Fee to their current processor with little or no security benefit.  In many cases, it is just another revenue stream for the processor.  Because of the seemingly confusing nature of credit card statements, most Merchants pay the fee because they “just don’t understand the bill in the first place”. 

But what does it take to become PCI Compliant?  Most Merchants – especially small ones – don’t have a clue.  From a Best Practices standpoint, it’s all pretty much based on common sense.  So let’s go over them one by one.  When you get your head around what actually needs to be done, just paying for the peace of mind will seem counterintuitive to how you run all other aspects of your business.

There are 12 requirements to building a PCI Compliant Network, our comments are in italics.