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We talk about Everything Related to Electronic Payments.
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Federal Reserve Wishes to Speed Up Electronic Payments
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...
Is your business saving on the new debit card interchange rate?
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 financial reform...
Upgraded credit cards to greatly reduce credit card fraud at the point of sale
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...
PayPal in Retail?
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,...
How A Credit Card Transaction Is Processed
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 more...