The credit and debit card industry thrives on payment processors and the services they offer; unfortunately, customer service and support seem to be taking a backseat to other factors for many companies. At Host Merchant Services, we believe there is an unfortunate financial motive at play that explains why this is happening. Consolidation is one […]
Customer Service: A Big Challenge for Payment Processors Read More »
Just over 12 months have gone by since the merchant services and credit card processing industry in the United States faced the historical EMV liability shift. October 1, 2015 was the big day. Switching to the Europay, MasterCard and Visa (EMV) system has been a major responsibility in terms of installing terminals and educating shoppers
American EMV Adoption Marks One Year Read More »
Ever since its beginnings in the 1980s, Verifone has been known as a major global provider of point-of-sale (POS) technology and innovative solutions for the merchant payments industry. After three decades of being a dominant market player, Verifone is more than just a provider of credit card terminals; the company is seen as a respected
Verifone CEO Comments on the Future of Payments Read More »
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
Fraud Costs Cut in Half Since the Introduction of EMV Read More »
In the fragmented world of mobile payments, one company is taking advantage of unifying existing technologies for the benefit of shoppers. FitPay is a California company that was envisioned by veterans of the mobile payments industry. This innovative tech firm has paid close attention to shoppers who have been largely underwhelmed by “contactless” mobile payments
FitPay: A Truly Wearable Payment Option Read More »
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. Use of Paper Checks by American Business Entities The use of paper checks by American business entities and individuals remains uncomfortably high
More Businesses Than You Think Still Pay By Check Read More »
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
Speeding up Chip Card Checkout Times with Visa Read More »
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
Oracle MICROS Hackers Also Hacked 5 Other Companies Read More »
The only means of sustenance for nonprofit organizations is the money they receive from a variety of sources. Because many NGOs want to maintain neutrality and independence in operations, they do not accept corporate funding. They therefore depend solely on funding sources such as road side stands, races and fairs to raise funds for operations.
New Methods for Nonprofits to Accept Donations Read More »
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
What the PayPal and Visa Partnership Means for the Future of Payments Read More »
Data security issues at Wendy’s have now been super-sized. Following whispers of a data breach in January, Wendy’s finally confirmed payment security issues in May, when spokesmen admitted fewer than 300 stores had been affected by malware. Now, the company admits the real number of compromised restaurants is over 1,000. Thieves installed malware on POS
Data Breach at Wendy’s Expands to Over 1000 Locations Read More »
If you’re still using computers and other hardware from a decade ago, it’s probably time for an upgrade. The technology of today is significantly more powerful and efficient than what was available 10 years ago, so upgrading your equipment can help make sure you keep up with the times. Signs Its Time To Upgrade Here
5 Signs Its Time To Upgrade [2023 Update] Read More »
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
Special Interchange Rates For Your Nonprofit Read More »
EMV, a supposedly more secure method of payment has been receiving much criticism in the past months and isn’t exactly being accepted with open arms. So October is around the corner, but what about EMV? A recent survey conducted by Gfk Public Affairs shows that the major shift from mag-stripe to EMV has much farther
October Is Around The Corner, But What About EMV? Read More »
The Advent of EMV and What It Means for You — EMV stands for Europay, Mastercard and Visa. It is a system which incorporates technology that will standardize the means by which credit and debit cards (collectively “chip cards”) will communicate with card readers and provide a way for customers to buy products from the
EMV is Coming – Does it Spell the End of the Swipe? Read More »
On Wednesday April 9, 2014 Bank of America settled a lawsuit and agreed to pay $772 million in penalties for deceiving millions of customers into buying costly and unneeded services when they signed up for credit cards. The Crux of the Case The Consumer Financial Protection Bureau said that Bank of America illegally deceived 2.9
Bank of America to pay $772 Million Penalty Read More »
Chargebacks are a headache for both merchants and credit card processing companies alike. They create problems with merchants getting money for the goods and services they provided, and can really cut into the profit for both small business owners and larger corporations. Although chargebacks cannot be 100% gotten rid of, there are some steps that
Stemming the Tide of Fraud [2023 Update] Read More »
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
Counterfeit Fraud Liability Read More »