How Well Has the Durbin Amendment Worked So Far?

by TScholl | Oct 14, 2016 | Credit Card Fraud, Credit Card Processing, Credit Card Safety, Credit Cards, eCommerce, Electronic Payments, EMV

  How Well Has the Durbin Amendment Worked So Far?   As a shopper, when you swipe your debit card to make a purchase, the Durbin Amendment comes into play. Wondering what is the Durbin Amendment? A part of the Dodd-Frank financial reform legislation in 2010,...

Understanding EMV Chip Card Technology.

by TScholl | Jul 1, 2016 | Credit Card Fraud, Credit Card Processing, Credit Card Safety, EMV

  Understanding EMV Chip Card Technology.   Information security is critical to running a business successfully. Keeping customer information safe and secure is crucial for the reputation of a business. Let’s understand how Europay MasterCard and Visa (EMV)...

Are Credit Cards More Convenient than Apple Pay?

by TScholl | Apr 22, 2016 | Credit Card Fraud, Credit Card Processing, Credit Card Safety

  Are Credit Cards More Convenient than Apple Pay?   Electronic payment facilities are here to stay and very convenient but are prone to fraud. So where do the new Google and Apple Payment Apps stand? The mission of these new apps is to make transacting money quicker...

EMV Will Cause Card Fraud to Move Online

by TScholl | Oct 2, 2015 | Credit Card Fraud, Credit Card Processing, Credit Card Safety, Industry Changes

  Yes! EMV Will Cause Card Fraud to Move Online.   October 2015 is going to be an important, eye-opening month for retailers. It’s the deadline for merchants to upgrade to EMV compliant card reading machines, or else they’ll be responsible for any...

Faster Electronic Payments Could Help or Hurt Fraud.

by TScholl | Sep 24, 2015 | Credit Card Fraud, Credit Card Processing, Credit Card Safety, Electronic Payments, Industry Changes

Faster Electronic Payments Could Help or Hurt Fraud. With newer payment technology, electronic payments have become much faster, more so for ACH and eCheck payments. Where ACH was taking 2 or 3 business days to process, it will only take a day at most starting 2016....

EMV Liability Shift is Almost Here! What if You are Not Ready?

by TScholl | Sep 11, 2015 | Credit Card Fraud, Credit Card Processing, Credit Card Safety, Industry Changes

  EMV Liability Shift is Almost Here! What if You are Not Ready?   The upcoming EMV deadline is almost here with October 1, 2015 about 3 weeks away. Big box retailers, such as Target and WalMart, have already made the shift in accepting EuroPay MasterCard...