Industry News

MasterCard’s Dispute Resolution Initiative

Mastercard is rolling out its new Dispute Resolution Initiative for payment processors and merchants that will bring many changes to how Mastercard chargebacks and transactions are handled. The initiative, which has a goal of improving chargeback outcomes and efficiency, will likely mean a more consistent process for merchants. The Dispute Resolution Initiative is being rolled […]

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Understanding Facebook’s Ambitious Project Libra

Just a couple of weeks before Mark Zuckerberg, co-founder and CEO of the world’s most popular social network, was scheduled to appear before the United States Congress to answer questions about his cryptocurrency ambitions, he received disheartening news from some of the key partners in Project Libra. Payment processing giants such as Visa, MasterCard, PayPal,

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Microsoft Unveils New Web Page Creation Tool for Merchants

Microsoft have just unveiled their next chapter of Dynamics Cloud Business Apps: Dynamics 365. Dynamics 365 is a new approach to cloud-based intelligent business applications, uniquely allowing brands to create product pages of their own, while having a space available for customer interactions, such as ratings and reviews. The goal of Dynamics 365 is to

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HMS to Exhibit at WSAA 2019

The Western States Acquirers Association is a not-for-profit company that holds a yearly conference aimed at educating about trends and new technology in the payments industry. This year’s conference will take place September 17-19th in sunny Palm Springs, CA. Topics covered at WSAA 2019 will include financial services, payment technology, education, and networking. In addition

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What is Walmart Coin?

In an attempt to reduce credit card processing fees, Walmart recently filed an application with the U.S. Patent and Trademark Office to launch its own crypto-currency.  Although it’s too soon to say how far this will go, it’s worth paying attention to. Walmart Blockchain The application describes Walmart’s currency as “tied to the US dollars

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Real-Time Payments Network approved! What Is It?

DOJ Approves Creation Of Real-Time Payments Network The DOJ has approved a real-time payment network suggested by two dozen banks who want to provide faster payments to merchants using their merchant services. The DOJ wanted to make sure that this was not a move that would consolidate too much power in too few places and that there is no

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

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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Goldman Sachs Interested in Bitcoin Trading

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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As conglomerate payment processors grow larger will it hurt merchants?

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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Older Millennials Are More Likely to Use Mobile Payments

Mobile payments are still a new development for most consumers. They are clearly marked on most retail payment terminals, and most banking apps offer the ability to make transfers and deposits with just a few taps. However, most people still slide their card, reluctantly slip it into the chip reader or hop on a computer

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Oracle MICROS Hackers

Oracle MICROS Hackers Also Hacked 5 Other Companies

American companies that use credit card processing and merchant services are on high alert after a Russian hacking group breached the servers of various POS or point of sale systems. The first victim of the breach was tech giant Oracle, which in mid-2016 acquired MICROS Systems, a major provider of POS solutions for the retail

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How MICROS Point of Sale Systems Got Hacked

Software giant Oracle Corporation became the victim of a data breach last week when a Russian organized cybercrime group gained access to hundreds of their systems. According to security experts the group gained access through a customer support portal for companies that use the MICROS point-of-sale software from Oracle. The MICROS software payment system is

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