Fraud Costs Cut in Half Since the Introduction of EMV

Great news for the credit card processing industry: Just one year into the shift towards the Europay, MasterCard and Visa (EMV) system in the United States, and counterfeit fraud costs have been slashed by just over 50%. According to a report issued by credit card giant MasterCard in mid-September, counterfeit fraud costs are being sharply…

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More Businesses Than You Think Still Pay By Check

Modern payment methods in the United States range from EMV chip cards to digital wallets to bitcoin; however, there’s one traditional form of payment that has managed to survive the shift towards digital. The use of paper checks by American business entities and individuals remains uncomfortably high in the 21st century. A 2013 survey by…

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Speeding up Chip Card Checkout Times with Visa

Over the last couple of years, more retailers and providers of merchant services in the United States have been settling into the new Europay, MasterCard and Visa (EMV) credit card processing system. As EMV acceptance expands, business owners will start to see more technology upgrades offered by through their merchant services providers. One current quirk…

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5 Signs Its Time To Upgrade

Your technology is outdated. Although upgrading your payment hardware every time a fancy new solution arises isn’t necessary, your technology has an expiration date. Since updating to the new iPhone or Android seems like an annual occurrence for most consumers, your business’ technology has the shelf life to be in use a little longer than…

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Special Interchange Rates For Your Nonprofit

Interchange rates, pricing models, payment gateways, integration software, the list drags on. Establishing a trusting credit card processor for your nonprofit organization can be overwhelming and often times complicated. With fixed rate programs, hidden fees, monthly minimum, cancellation charges, and equipment leases, there are many ways a merchant can fall into a trap of simply…

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