by TScholl | Nov 25, 2013 | Uncategorized
New Technology in Electronic Payments to Improve Speed of Transactions This paper released by the Fed on September 10th 2013, outlines the Fed’s wishes to speed up Electronic Payments. They believe that the rapid adoption of technology and evolving end-user...
by TScholl | Jul 24, 2013 | Credit Card Processing, hot news, Industry Changes
Are You Saving on the new Debit Card Interchange Rate? As of October of 2011 the new debit card interchange rate was implemented by the Federal Reserve as a result of what is called “The Durbin Amendment”. This amendment was tagged to the Dodd/Frank...
by TScholl | Jul 17, 2013 | Credit Card Fraud, Credit Card Safety, hot news, Industry Changes
Major Credit Card Upgrades Planned to Reduce Credit Card Fraud Credit card issuers have planned a major upgrade to the credit cards currently being used in the United States. All issuers are starting the change over from standard magnetic stripe cards to cards with...
by TScholl | Sep 27, 2012 | Industry Changes
I have been trying to wrap my brain around all the changes in the payment industry and understanding what is going on. I certainly have a good idea but much of it is cloudy to me. With EMV (smart card or chip card processing), contactless payments, mobile payments,...
by TScholl | Aug 1, 2012 | Credit Card Processing
Today’s payment system has become predominantly plastic. Cash and checks have given way to credit and debit cards. Credit Card Processing today allows for faster transaction times, easier tracking, and improved customer control; is it any wonder that more and...
by TScholl | Jul 25, 2012 | eCommerce
If you are a business owner, adding ecommerce is something you probably have in mind, whether your business is online or not. Having a physical store enables you to make the most of the retail store supplies that can help to promote each and every product to the eyes...
by TScholl | Jul 19, 2012 | non profit
Starting a nonprofit is not an easy process. While your ideas and your goals may sound good, they are not enough to get your nonprofit off and running. There are several common mistakes that are made when someone is trying to start a nonprofit. Try to avoid making...
by TScholl | Jul 11, 2012 | non profit
If you own or plan on starting up a nonprofit organization, you need to understand the importance of transparency. In simple terms, transparency means that donors know where the nonprofit’s money is going. Without transparency, you may be faced with distrustful...
by TScholl | Jul 5, 2012 | Credit Card Processing
More and more consumers prefer plastic to paper. Paper checks and bulky bills are quickly giving way to credit and debit cards. Many consumers greatly prefer the simplicity and ease of this form of payment. That, combined with purchasing protection plans and detailed...
by TScholl | Jun 28, 2012 | PCI Compliancy
As a merchant, you probably accept credit card payments from your customers. If this is the case, you may know a thing or two about PCI compliance requirements. If you are new to the world of credit card payments, you may not know what PCI compliance means. You can...
