EMV is Coming…And Apparently, You’re Not Ready!
In a recent article published by CNBC, the topic of EMV and the liability shift approaching was debated. Consumers are ready; banks and the card brands have been mailing out chip cards to credit and debit card users, ensuring that they will not be held liable for fraud. The magic rule of liability: the party […]
Electronic Payment Industry to Grow
In a recent PR Newswire article, the growth of credit card processing, online payment processing, ETF, and ACH industries are reported to grow immensely in the next decade, reaching an estimated $70.3 billion by 2022. This number isn’t surprising, as the growth of electronic payments and ecommerce has increased significantly in the past couple of […]
Walmart and CVS Data Breach
It’s happened again – a data breach, and this time, in Canada. Walmart and CVS, two huge international retailers, faced data breached that may have compromised their consumers’ financial information. The hack? Online photo services. A recent New York Times article stated that both companies use a third party service to handle their online photo […]
Now Hacked: Universities!
Students, beware – universities and colleges are now the targets of data breaches. In a recent article by CardNotPresent.com, Harvard University is revealed to have been hacked earlier last month, a breach affecting many of its departments and causing concern for sensitive data such as login credentials. According to the article, 30 colleges and universities […]
Industry Update: Card Processing Fees on the Rise
In a recent article citing a new Nilson Report, U.S. merchants’ card processing fees are continuing to steadily rise. In 2014, $78.09 billion was earned in processing fees – those are just the fees paid to the card brands, acquirers, and processors that allow merchants to accept debit and credit card payments! Of course, Visa and […]
Stay Safe Shopping Online
Being careful of your presence while shopping online isn’t just a piece of advice you give to your kids about stranger danger. It’s real, and the hackers and fraudsters online want to use your cards. This recent article provides shoppers with some basic tips to help combat fraud while shopping online, and we’ll go into some […]
Good News, Less Fraud!
The results are in – the prediction for the payments industry is less point of sale (POS) fraud, and more card-not-present (CNP) fraud. Let’s review. In a recent Transaction Trends article, a new report from Javelin Strategy and Research points the finger at CNP fraud, and takes the heat off POS transactions, which are protected mostly […]
A New $10 Bill is Being Created – And the Public Gets to Choose Whose Face Will Be On It!
Some exciting news regarding the United States legal tender! In 2020, the $10 will feature a female face, an article from The New York Times reveals. Women have graced coins, and a very old dollar bill from hundreds of years ago (Martha Washington, rather than her husband), but until now, paper bills have been lacking in […]
Mobile Payments Forecast for the Future
Trending now and for a long time in the future – mobile payments! As if we had to tell you, smart phones are here for the long haul – no more flip phones! Are YOU using your phone to pay for your purchases? If you’re a merchant, does your business accept mobile payments? If not, […]
Europay Mastercard Visa (EMV) – Let’s Clear It Up!
A recent article delves into the depths of Europay Mastercard Visa, or as it’s more commonly known – EMV, credit cards and some of the most popular FAQs that people have regarding this new security measure. National Merchants Association would like to add to the 8 FAQs in order to make it even clearer! 1. […]