Enjoying what you’re reading? Sign up now.

Subscribe
Search

Quiz: How well do you know payment processing?

Tap to pay debit card held over terminal
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 | June 25, 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 favorite 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:

football player standing on a field in a stadium

Business Office

Quarterbacking Your Deals: The Strategic Advantage of eContracting

As the college football season approaches, dealerships can gain valuable insights from the strategic capabilities of college football teams. Just as quarterbacks must think on…

Read Full Article
Red caution tape with the word 'Beware' written on it

Business Office

Beware and Prepare: What You Can Learn from the “Ides of…

For Julius Caesar, listening to a warning was a matter of life or death. When it comes to keeping your business healthy and profitable, staying…

Read Full Article

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 Full Article

Business Office

Mastering Customer Communications: The Power of Call Tracking

In the competitive world of automotive retailing, establishing effective communications with customers is paramount to building strong relationships and driving sales. Many dealerships and OEMs…

Read Full Article