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 13, 2013 | ACH Processing, Checks, Industry Changes
Remotely created checks may be banned soon because of high cases of fraud The Federal Trade Commission wants to ban some payment methods that are being used by legitimate telemarketers as well as fraudsters. The FTC is doing so because of high rates of fraud involving...
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,...
