By accepting Pinless Debit transactions you can enable your customers to pay for internet transactions with their debit card without using a PIN.
Pinless Debit is limited to certain business segments and is based on reoccurring payments. Segments that are currently eligible for this Pinless Debit are:
- Utilities – Telecom, Cable, Satellite, etc
- Education – Universities and Colleges
- Government Agencies – City, County, State and Federal
- Miscellaneous Bill Payment Businesses – Insurance, Medical
- Regulated industries regarded as low risk. Merchants must prove to have a close relationship with customers and have the immediate ability to discontinue services if payment returns.
