Was I affected by the Equifax data breach? How do I protect myself?

Business, Data Breach, Financial News, Hackers, Identity Theft, Industry News, Security

Data Breach after Data Breach The chaos of the Equifax data breach has left nearly every American feeling violated and confused. Hackers stole Social Security Numbers, birthdates, addresses, driver’s license numbers, and credit card numbers. Now they can use this information to rack up charges, open new accounts, steal benefit checks, and more. Secure payment […]

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Sonic Drive-In Hit With Major Data Security Breach

Business, Credit Card Processing, Data Breach, Financial News, Hackers, Identity Theft, Uncategorized

Protecting Yourself After the Sonic Drive-In Breach Customers who have recently been to a Sonic Drive-In may want to keep an eye on their debit or credit cards. The company recently reported that there was a breach in their merchant services system that resulted in the theft of debit and credit card information for five

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Shake Shack Goes Cashless

Business, Credit Card Processing, Customer Service, Emerging Trends, Financial News, Restaurant, Uncategorized

How and Why Shake Shack is Opening Cashless Burger Joints Just when the world thought buzzers were the most cutting-edge ideas of the food industry, Shake Shack, a burger joint based in New York City, decided to try something different and innovative. They will be opening a cashless Shake Shack New York City at Astor Place

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Goldman Sachs Interested in Bitcoin Trading

Banks, Bitcoin, E-commerce, Emerging Trends, Financial News, Industry News

Is Goldman Sachs About To Take The Plunge Into Bitcoin? Something as flashy and relatively new to the scene as Bitcoin may not be the first thing you would imagine a company like Goldman Sachs getting themselves involved with. However, they may yet still have a few surprises up their sleeves. Recently, Goldman Sachs has hinted at

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Visa Goes to War Against Cash

Business, Credit Card Processing, Credit Cards, Digital Sales, Financial News, Small Business, Visa

It looks like Visa wants to kill cash transactions. The credit card company announced last week that they are spending $500,000 to get restaurants to move completely cashless. They say they will give $10k to each of 50 “qualifying restaurants, eateries, cafes, and food trucks” as an incentive to make the transition. The gift

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As conglomerate payment processors grow larger will it hurt merchants?

Business, Credit Card Processing, Financial News, Industry News, Uncategorized

As Amazon.com’s market share grows, retailers are feeling the pressure. They aren’t the only ones. Vantiv’s acquisition of Worldpay is putting the squeeze on payment processing companies in much the same way. On Wednesday Vantiv agreed to pay 7.7 billion pounds ($9.9 billion USD) for Worldpay Group PLC, both payment processing companies. This move will greatly increase Vantiv’s

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Trump to Repeal the Durbin Amendment

Credit Card Processing, Durbin Amendment, Financial News, Interchange, Payment Processing, President Trump, World News

President Trump may be gunning to reform the Dodd-Frank Act, in particular one of the most contentious policies of the act: the Durbin Amendment. The Durbin Amendment—passed as a stipulation of the Dodd-Frank Act—allows the government to set price caps on fees for card transactions. Before 2009, interchange rates were set by banks and merchants

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What the PayPal and Visa Partnership Means for the Future of Payments

Industry News, Credit Card Processing, Financial News, Merchant Services, NFC, Payment Gateways, Payment Processing, Visa and PayPal Partnership

Discovering Visa and PayPal were partnering up has shaken up the credit card processing industry. It is believed that everything from merchant services to eBay will be affected. Some immediately lauded how the partnership will enhance in-store NFC payments. The most cynical critics believe Visa, with PayPal under its watchful eye, will be better suited

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