by TScholl | Aug 18, 2016 | Credit Card Safety, Credit Cards, Electronic Payments, EMV, hot news
Security Flaw in Credit Card Chip Revealed. The nationwide switch to EMV chip cards has been making news for quite some time. But is this EMV contactless payment card system flawless? Well, computer security researchers from NCR have come up with...
by TScholl | Jun 4, 2015 | eCommerce, Electronic Payments, hot news
Did Deceptive Advertising Cause PayPal to be Fined $25 million The Consumer Financial Protection Bureau (CFPB) has slapped PayPal with a fine of $25 million for allegedly illegally signing up customers to its credit service, without seeking their...
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 | 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...
