As a result of the $7.9 billion dollar class action lawsuit, the card issuers, Visa and Master Card, have been forced to lift their restrictions against merchants charging a surcharge on top of a purchase to offset their credit card processing fees. While this may seem like good news for merchants who are considering passing [...]
It was bound to happen and now it is closer to becoming a reality. The Marketplace Fairness Act of 2013, a bill introduced In February 2013, was passed the Senate in March. The bill is an attempt to level the playing field for retail, brick and mortar merchants by enabling them to compete more effectively [...]
Credit Card Fraud had increased dramatically over the years and as a result the card issuers, Visa, Master Card, Discover, American Express, and JCB among others, have taken aggressive action to combat this escalating problem; introduce the PCI Security Standards Council. Introduced in 2006, the PCI Security Standards Council is an open global form, developed [...]
Even though EMV standards have been adopted across the globe, here in the United States it sometimes seems like we are just getting started. But with various deadlines approaching, we are starting to note an increase in chatter about various target dates. The following is an article about the National ATM Council (NAC) regarding the [...]
This is an interesting article regarding the Business Case for the implementation of the EMV standard here in the United States. While much of the rest of the world has already implemented EMV, one of the observations here is that while the new standard does in fact reduce “face-to-face” or “CP” fraud (Card Present ), [...]
We are pleased to announce that we have just added two new salon oriented solutions, BeautyTrack® and TanTrack®. Brought to us by our friends of Nichesoft, each of these products are robust salon management solutions that can be of benefit for both small and large salons. TanTrack tanning salon software is a multi-user, user friendly [...]
There has been a great deal of confusion regarding how and when convenience fees can be applied by a Merchant. To help Merchants determine how these fees may be applied, the following credit card processing convenience fee guide should answer any questions you may have. What is a Convenience Fee? A convenience fee is a [...]
In appreciation of all the hard work our affiliates have done to introduce Merchants to 1st National, we’ll be increasing their conversion fees for the month of February. Specifically, those affiliates that are currently compensated $10 per valid lead will earn $15 per lead. Those that are signed up “per approved approved application” will see [...]
Credit Card Processing requirements for Attorneys are really no different than any other Retail or “Card Present” solution, unless those funds are destined for a trust account. In these cases, the attorney or firm will have very specific legal restrictions including not being able to process trust money from their general account. The challenge is [...]
There seems to be this understanding that PayPal is sort of a beginner’s payment solution which eventually leads to the establishment of a traditional Merchant Account as an online business matures. While this certainly may have been the case years ago, today site owners have the luxury of using both from the start. As such, [...]