EMV Smart Cards are an inevitability. They are coming, they will be standard, and the United States is going to have to adjust. The major credit card companies, in preparation for changing the standard have instituted a shift in liability. The fraud liability shift goes into effect on October 1, 2015 for Visa, MasterCard, American …
The swipe fee antitrust lawsuit that The Official Merchant Services Blog has been covering for a few years now has an update: Wal-Mart, accusing Visa of excessively high card swipe fees, is suing Visa for $5 billion. The action by Wal-Mart is being taken because Wal Mart opted out of the settlement of the class …
On Tuesday February 25, 2014 Nevada and Delaware lawmakers signed a landmark agreement to join the states together in online poker ventures, potentially increasing payouts for residents who gamble online. The Multi-State Internet Gaming Agreement signed by Gov. Brian Sandoval of Nevada and Gov. Jack Markell of Delaware established a legal framework for the first authorized interstate …
Apparently the general disdain that people stereotypically have for the DMV is shared by the collective Hacker community. Or maybe local governments still haven’t caught up with the cutting edge of cyber crimes, leaving your sensitive credit card information in danger of virtual theft even while you stand in an agonizingly long line just to …
Today marks the start of CoinSummit San Francisco, a two-day event ”connecting virtual currency entrepreneurs, angel and VC investors, hedge fund professionals and others who are looking to learn and network in the virtual currency industry.” CoinSummit will take place on March 25-26 2014 at the Yerba Buena Center for the Arts in San Francisco. Many in …
Following up on our recent blog about terminal of the future, the VX 520, today we’re going to let the other shoe drop. With the payment processing industry thrusting its spotlight onto security in the wake of the Target Data Breach, the PCI DSS and its upgraded protocols are getting a lot of attention. Host …
Sometimes the future just sort of sneaks up on you. Even if you’ve given yourself reminders, sticky notes, calendar alarms, and the proverbial string tied around your finger, the future still has a way of creeping up on you unawares. Which is why Host Merchant Services is happy to offer its customers a payment processing …
February was the month that the all seeing eye of the media turned its lidless gaze upon Bitcoin and the craggy peaks of Mt. Gox, the Japanese Bitcoin exchange site. Almost half a billion dollars went missing from Mt. Gox, the exchange was rocked, Bitcoin was scorched, and the site went bankrupt. The Official Merchant Services …