Call: 877-517-HOST (4678)

Trump to Repeal the Durbin Amendment

  • On June 21, 2017
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 […]
Read More

New FDA Regulations Affect Online Vape Credit Card Processing

  • On April 17, 2017
It seems that the U.S. Food and Drug Administration (FDA) is finally beginning to crack down on the growing vape and e-cig industry, after it announced last year that all e-cigarettes and other vaping products will now be regulated in the same way as cigarettes are under the 2007 Family Smoking Prevention & Tobacco Control […]
Read More

Target Pay Coming Soon

  • On January 27, 2017
Apple, Android, and Google have their own pay services, where people can make payments directly from their devices. Recently, Wal-Mart joined the bandwagon when they released Walmart Pay. Target is now joining the game, planning to release its own payment service Target Pay later on this year. Although, Target has not decided if the service […]
Read More

MasterCard Using Artificial Intelligence to Attack False Declines

  • On December 14, 2016
One of the biggest problems for merchants accepting credit cards is not fraudulent transactions, but rather false declines. Certainly, credit card fraud is costly, but it’s estimated that merchants lose $118 billion due to credit card declines where the transaction is genuine and the customer is not over their limit. It’s estimated that 15% of […]
Read More

Customer Service: A Big Challenge for Payment Processors

  • On November 4, 2016
The credit and debit card industry thrives on payment processors and the services they offer; unfortunately, customer support seems 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 of the […]
Read More

American EMV Adoption Marks One Year

  • On October 5, 2016
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 […]
Read More

Verifone CEO Comments on the Future of Payments

  • On September 28, 2016
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 […]
Read More

Fraud Costs Cut in Half Since the Introduction of EMV

  • On September 15, 2016
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 […]
Read More

FitPay: A Truly Wearable Payment Option

  • On September 6, 2016
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 […]
Read More

More Businesses Than You Think Still Pay By Check

  • On August 29, 2016
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 […]
Read More