This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take […]
Industry Terms: EBT Read More »
Today The Official Merchant Services Blog is updating its coverage of the Global Payments Data Breach. The big bomb Global just dropped is that apparently there was a second data breach. The story, initially broken by Ellen Messmer at Network World stated that Global Payments itself revealed this latest news. Data Breach II: Credit Card Boogaloo From the Global
Global Reveals More About Data Breach [2023 Update] Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: Batch Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: Revenue Share Read More »
Today The Official Merchant Services Blog is updating its coverage of the Global Payments Data Breach. The current update revolves around the expansion the duration of the breach as well as the number of cards potentially affected. It has been a virtual roller coaster ride in terms of narrowing down a number for the cards that were compromised.
Global Data Breach Update Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: Point of Sale Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: Card-Not-Present Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: Capture Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: Level I, II and III Data Read More »
MO/TO MO/TO is an acronym that stands for Mail Order, Telephone Order, specifically referring to a merchant or a sales environment in which mail or telephone sales are the primary or a major source of revenues. This classification of merchant account has a specific set of rules that is more restrictive than the rules for retail merchants
Industry Terms: MO/TO Read More »
The parent company of American Airlines announced this month that the company had lost $1.7 billion in the previous quarter. A quarter is three months and somewhere around 90 days. I asked myself, if anyone else had that kind of money – what would they do with it? To keep it simple I just divided the $1.7
What to Do with $17 Million Every Day Read More »
On May 2 it was revealed by Visa CEO Joe Saunders that the credit card giant was being investigated by the Department of Justice for violation of antitrust laws. One of the key elements of the DoJ’s interest in Visa for antitrust violations is its new fee, the Fixed Acquirer Network Fee (FANF) which went
Visa Investigation Update Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: FANF Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take
Industry Terms: PCI DSS Read More »
Today The Official Merchant Services Blog is updating its coverage of the Global Payments Data Breach. The news of this breach hit on Friday, March 30. At first there reports of a mere 50,000 cards were compromised. Then at the height of the frenzy it was reported that the number might be closer to 10
Data Breach News: [2023 Update] Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going
Industry Terms: Chargeback Read More »
How to Protect Your Business from Merchant Account Fraud In order to protect your business from high risk merchant account fraud, you will find yourself in the position of having to be as smart and as clever as the crooks themselves. In a way, this amounts to a technological dance, with fraud detection solutions evolving
Protection from Fraud Read More »
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going
Industry Terms: Merchant Account [2023 Update] Read More »