SMBs Keep the Economy Rolling

U.S. small to medium-sized businesses (SMBs) – 28 million and counting – make up 54% of all U.S. sales, accounting for $6 trillion dollars of GDP. 

Small business credit card payment processing needs are unique compared to major retailers. SMBs may only need a few payment terminals for each store, making pricing negotiations with processors difficult. And more SMBs are looking to take their business mobile, but not every company offers a mobile solution.

With over 15,000 SMBs in our processing portfolio, Bluefin is a skilled, knowledgeable and secure payment partner in small business credit card processing, serving a variety of verticals including healthcare, fitness, spa/salon, insurance, and more.

Bluefin is the Leader in Secure Small Business Payment Solutions

It’s really as simple as that. Security is not just for the big guys. Did you know that 55% of SMBs have experienced a data breach and 53% have admitted to more than one? All too often SMBs think they are not a target for thieves because of their transaction volume and size.

But here’s the hard truth – fraudsters do not discriminate. They go where they can grab the data and get out.

In 2016, alone, there were 1,093 recorded data breaches in the U.S. – far more than the handful of Tier 1 merchant breaches that made the news.

Every point of sale solution that we provide – from MOTO, to retail, to mobile – is backed by our PCI-validated point-to-point encryption (P2PE) solution. Our PCI P2PE solution encrypts your customer’s card data within a PCI-approved P2PE device either when the card is keyed in, swiped or “dipped” with an EMV terminal.

Because mobile and tablet payments are often the small business credit card processing system of choice, Bluefin’s QuickSwipe mobile solution uses PCI P2PE to effectively protect your customers data.

By encrypting the data within the device, it prevents clear-text cardholder data from being present in your point of sale system where it could be stolen in the event of a data breach.

Bluefin’s PayConex platform with P2PE is a seamless, secure small business payment solution featuring:

  • Process in-person sales with our virtual terminal or traditional terminal – or process on a phone or tablet with our QuickSwipe product
  • Choose from a variety of PCI-validated P2PE devices for your business
  • The solution does not require any special hookups or equipment
  • Encryption and decryption is done transparently, requiring no change to the customer payment experience

Bluefin is your security and small business credit card payment processing partner. Contact us to get started.

1,093

U.S. Data BreachesInformation compiled from the Identity Theft Resource Center (ITRC) Breach List. The ITRC Breach List is a compilation of data breaches confirmed by various media sources and/or notification lists from state governmental agencies.

in 2016
36,601,939 records exposed

Did you Know?

The Ponemon Institute and IBM’s 2015 Cost of Data Breach Study lists direct and variable costs for merchants in response to a breach that include forensic examinations, credit and identity monitoring, legal defense and more. The 2015 study published in May 2015 found that the average cost per capita cost in a data breach increased to $217 in 2015 from $201 in 2014. Plus, the average total cost of a data breach increased to $6.5 million from $5.8 million the prior year.

Read the Study

Security is Imperative for ISVs and SaaS Providers serving SMBs

Today’s SMB is looking for a software platform to run their business. Companies that provide an integrated payment processing option within their software platform increase stickiness and client loyalty, while attracting new business with a unique differentiator.

Bluefin has integrated our PayConex Platform into the ERP, CRM and practice management systems of over 200 ISVs. But what makes our company unique is our focus on securing software client payments with our PCI-validated P2PE, tokenization and transparent redirect solutions. Bluefin provides much more than just integrated payments to our software providers – we provide the highest level of security on the market.