The Uber Controversy
Recently, Uber has come under intense media scrutiny for many internal problems, including, but not limited to, bad business practices and misuse of customers’ privacy and geolocation data. In this article, Uber’s most volatile issues are exposed and discussed vehemently, most importantly, a corporate Uber tool titled “God View,” a tracking software that reveals a […]
ETA’s Webinar
The Electronic Transactions Association, (ETA) will be hosting a webinar December 10th, 2014, free for ETA members and only $99 for non-members. This session, entitled “How to Use the ETA’s Guidelines on Merchant and ISO Underwriting and Risk Monitoring,” will delve deep into the industry’s most important resource to inform attendees how to increase […]
Introducing Snapcash!
Photo: REUTERS/Eric Thayer The latest buzzword out there from the L.A.-based Snapchat, is Snapcash. The company, well-known for its temporary image-sharing mobile app and social network, has partnered with Square in an effort to let users send funds to other users via the mobile app. It’s basically a P2P (person to person) payment or a […]
How Do Apple Pay and Google Wallet Differ?
So we’ve all heard about Apple Pay and Google Wallet by now, but what exactly are they and how do they differ. The short answer is they’re both ways to pay from your cell phone at brick-and-mortar stores – meaning you won’t have to swipe an actual credit or debit card. They have their nuances […]
EMV – What You Need To Know
EMV stands for Europay, Mastercard and Visa. They are the ones that developed this new, higher level of standard for credit card transactions. Adoption in the U.S. has been slow, so the Obama administration is taking steps to expedite the EMV standard. Basically, The EMV standard will require credit card companies to stop relying on […]
The Highs and Lows of Processing- Part 2: Low Risk
Part 1 of this article talked about what criteria determined whether or not a business fell in the high risk category. Just as importantly, the criteria that determines what low-risk is needs to be addressed. In order to easily tell if a business is considered low-risk, some parameters are outlined below. 1. Card present transactions […]
The Highs and Lows of Processing- Part 1: High Risk
Many merchants, and even agents, have a difficult time distinguishing what is high risk, and what constitutes low risk. So in order to tell fairly easily which category a business falls under, here are the basic parameters of high risk. 1. Business type The first parameter of high risk is the business type. The Card […]
March 21, 2013 – Shower Your Business with Loyal Customers through Custom Branded Gift/Loyalty Cards
Shower Your Business with Loyal Customers through Custom Branded Gift/Loyalty Cards Your doors are open but where are the people? What they need is an incentive to come back! Give them what they want by implementing a simple and inexpensive Custom-Branded Gift/Loyalty Card and increase your revenue by 50%! Gift and loyalty cards can provide […]
Oct 23, 2012 – Seven tools to select a merchant processor that works for you
Seven tools to select a merchant processor that works for you Understanding how merchant accounts work will help you minimize your costs and risks. 1. Cost – Don’t fall for “Guaranteed Lowest Costs” and “Free Equipment” promises. Low rates don’t matter if your transactions aren’t qualifying or if you are overpaying due to lack of […]
Sept 6, 2012 – What You Need to Know About Interchange Fees
What You Need to Know About Interchange Fees Learn about how new regulations on interchange fees for debit card processors will affect your small business. New federal regulations limit the interchange fees that certain debit card processors can charge merchants. Due to the Durbin Amendment to the Dodd-Frank Act of 2010, debit card interchange fees […]