by TScholl | May 28, 2015 | Credit Card Processing, Industry Changes
 Stiffer Competition Forces Credit Card Companies to Bank Hard on Consumer Brand Loyalty Cards While consumers seem to have a greater liking for brand loyalty cards, credit card companies are clamoring for such consumers. Branded cards offer consumers a greater deal...
by TScholl | May 22, 2015 | ACH Processing, Credit Card Processing, eCommerce
A Brief Introduction to Electronic Payment Systems As a small business owner (who may be selling online too), it
by TScholl | May 20, 2015 | ACH Processing, Credit Card Processing, Electronic Payments, Industry Changes
Where is the Electronic Payments Industry Headed? The $5 trillion payments industry is growing at a fast pace. With the technological evolution, there has been a significant rise in online payments, allowing customers to pay anywhere anytime. Judging by the pace at...
by TScholl | Apr 30, 2015 | Credit Card Safety, eCommerce, Electronic Payments, Industry Changes
Retailers Must Be Ready for EMV by October 2015 or Risk a Liability Shift! The Payment Networks’ Liability Shift linked to EMV (EuroPay, MasterCard, Visa) is expected to come into effect in October 2015 in the United States. A great step for credit card...
by TScholl | Apr 23, 2015 | eCommerce, Electronic Payments
Google Payments Banks on Mobile Google’s revenue from desktop ads has been increasing for quite some time, but its prospects in the mobile world remain questionable. Its revenue from ads on mobile devices isn’t comparable to that from desktop advertising. But...
by TScholl | May 13, 2014 | Credit Card Processing, hot news, Industry Changes
Visa to Become More User Friendly after Eliminating Half of its Operating Rules. On Oct. 1st we will be eliminating close to half of our operating rules. This includes reducing the complexity of our dispute-resolution processes. – Charles W. Schraf – CEO,...
by TScholl | Jan 7, 2014 | hot news, Industry Changes
Here are the Top 10 Payment Events of 2013 shared by the Portals and Rails research team from the Federal Reserve Bank of Atlanta. 10. The Consumer Financial Protection Bureau finalized Dodd-Frank 1073 money transfer rules. 9. The payments industry experienced...
by TScholl | Dec 27, 2013 | Credit Card Fraud, hot news, PCI Compliancy
The Target Data Breach Low Down Who was affected? 40 million credit and debit card customers who had used their cards at any U.S. Target store between November 27 and December 15 2013. Target’s online website was not affected. What information was taken? Hackers...
by TScholl | Dec 13, 2013 | ACH Processing, Checks, Industry Changes
Remotely created checks may be banned soon because of high cases of fraud The Federal Trade Commission wants to ban some payment methods that are being used by legitimate telemarketers as well as fraudsters. The FTC is doing so because of high rates of fraud involving...
by TScholl | Dec 5, 2013 | Credit Card Fraud, Credit Card Processing, Credit Card Safety
Efforts to reduce credit card fraud through the greater adoption of EMV cards needs help As I had highlighted in my earlier post here, upgraded credit cards or EMV credit cards would reduce credit card fraud greatly. However, the adoption for EMV cards has been...
