August 15th, 2013 by Admin
The Federal Trade Commission recently charged a merchant account provider with violating federal law. The business sells credit card and debit card payment processing services to other small businesses in a business to business or B2B fashion. Allegedly the business made unsubstantiated and false claims to unwary businesses. Read more of this article »
Posted in Credit card Processing, Electronic Payments, Merchant Services Account, Visa MasterCard American Express Tagged with: b2b, credit card processing, FTC, ISO, merchant account, merchant services, MSD, terminal, transaction
Any business that acknowledges Credit Card payments should be compliant with the directions and guidelines set out by the Payment Card Industry or be what is called ‘PCI compliant’. This is not commonly understood but any merchant, despite of the number of transactions, which acknowledges or conveys any cardholder information, either by phone or electronically must be PCI compliant. It’s all about holding customer’s facts and figures safe and not leaving your business revealed to hackers. And with an ever expanding use of cards, be they debit or Credit Cards, this is evolving a very important theme. Read more of this article »
Posted in Uncategorized Tagged with: American Express, credit card processing, Data Security Standard, DSS, MasterCard, Microsoft Windows Server, Payment Card Industry, PCI, Visa MasterCard American Express, Workstation 2000
In discussions about merchant service providers, Square and PayPal entering talks is a given. Sqaure offers free credit card readers to entice merchants to switch their credit card processing to them. PayPal recently launched an initiative to expand it’s reach into retail stores and offers to waive processing fees through 2013. With the coming rush to mobile transaction processing more companies are entering the fray. AT&T, Verizon, T-mobile and Sprint are looking to get into the credit card transaction processing gig as they already carry that data over their cellular networks. ISIS Wallet and Google’s digital wallet bring credit card transactions to Android smartphones and tablets, and Visa is expected to launch its Visa Ready program as it rolls out test merchants. Read more of this article »
Posted in Mobile Payments Tagged with: Android, bluetooth, Chip & PIN, credit card processing, Digital Wallet, EMV, fees, google, ISIS, m-commerce, merchant, merchant account, nfc, payment processor, PayPal, Rates, Square, transactions, Visa MasterCard American Express
