Archive for October, 2016
The deadline for businesses to transition to EMV chip and PIN technology was October 1, 2015. It has been over a year and many merchants and consumers still have questions. To help understand this confusing technology and what it all means, here are ten facts to help you with EMV requirements and your responsibilities.
A card issuer takes the breach of nationwide fast food retailer Wendy’s into its own hands. Southeastern Michigan credit union has banned all debit and credit transactions conducted at Wendy’s locations until further notice. This is the most aggressive stance we have seen to date regarding breaches and protection by a card issuer. Times are changing, so are attitudes towards credit and debit card breaches. (more…)
This is a good visual description of how credit card processing works. It shows where we, as Merchant Account Providers fit in, and where the fees and rates common in the industry come from.
Not all merchant account providers are created equal though, as you will find. We focus on eliminating as many of the costs to merchants as possible, and in most cases, can cut large margins off credit card processing bills from other account providers. (more…)
Even with all the talk about EMV in the news and around the internet, some people are still confused by the technology.
This is a nice video to answer some of the questions people may still have.