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,...
by admin | Jan 27, 2012 | Credit Card Processing
Mobile pay systems – the wave of the future. In an ever-changing technological world, physical money and credit or debit cards may become obsolete. Easy to lose and easy to have stolen, these “old-fashioned” ways of paying for goods and services may be...
by admin | Dec 14, 2011 | Credit Card Processing
Customers may love browsing your products and testing things out, but your business demands that a good number of those potential customers actually reach a point of sale. Point of sale, or POS, is the moment of transaction where money and goods or services are...
