by TScholl | Jun 18, 2015 | eCommerce, Electronic Payments, Industry Changes
EMV Will Lead the Way to Electronic Payments Security Come October 2015 and the much touted EMV liability shift will come into force. The liability shift will make issuers and merchants using non-EMV compliant devices liable for any fraudulent transactions made...
by TScholl | Jun 11, 2015 | Credit Card Safety, Electronic Payments, Industry Changes
 Recently, Google launched its new payments system called Android Pay on mobile to compete with Apple Pay. The new system, which is more like a re-branded Google Wallet, resembles Apple Pay in its working and sobriquet. Android Pay and Apple Pay are both basically a...
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 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 | 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,...
