| Ogunquit, a city located on the coast of | | | | Paymentech. Also, keep in mind that these |
| Maine, was named by American Indians as a | | | | financial or acquiring institutions charge a |
| place of rocky coast and windswept, grassy | | | | fee for their services. Some may charge a |
| sand dunes by the Atlantic. It literally | | | | monthly fee, as well as a monthly statement |
| means "Beautiful place by the sea." | | | | fee. All institutions charge a percentage of |
| | | | the transaction. Before a credit payment is |
| It is important to point out that most local | | | | actually made, the customer's credit card |
| financial institutions or banks do not | | | | information needs to be validated. There is a |
| usually provide for Internet merchant | | | | code that checks credit card numbers, credit |
| accounts. This is because direct face-to-face | | | | card types, expiration dates and payment |
| transactions involve the customer's | | | | amounts. Aside from validating information, |
| signature, while online transactions may | | | | the code also enables acceptance of this |
| sometimes result in credit frauds. In this | | | | information. Whatever acquiring institution |
| case, as an alternative there are many | | | | you choose, make sure that there is adequate |
| acquiring institutions that can assist you in | | | | fraud protection. Since transactions are |
| setting up these accounts. If you utilize the | | | | online, you will also need a website. If you |
| services of the acquiring institutions, you | | | | search the net, you will come across many |
| must make sure that the account can access | | | | websites providing online merchant |
| any of these networks: EDS, Nova, Vital, | | | | transaction services. |
| First Data Merchant Services, Norwest or | | | | |