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 »
Businesses are striving to stay on top of trends in consumer behavior, and mobile payments have been a hotbed of activity. Walmart Pay just rolled out nationwide, and the company is hoping that the app will help them collect more information about how customers use their products and make purchasing decisions. Credit card processing has seen
Walmart Pay to Deepen Information about Shopper Habits Read More »
The transition to chip cards, or EMV (Europay, MasterCard and Visa chip technology) hasn’t been an easy one for merchants to adopt. In order to ensure that they are compliant with new rules, merchants have had to upgrade credit card processing systems in order to accept the new chip cards. Failure to do so leaves
Amex Changes EMV Chargeback Policy Read More »
A jarring amount of 17.6 million people (7% of Americans) had at least one incident of identity theft in 2014, according to the Bureau of Justice Statistics. Unfortunately some of that identity theft can come from third parties, including criminals accessing business accounts to get information about consumers. Nonprofits, small businesses and large corporate companies
Err on the Side of Caution: Nonprofits and Virtual Credit Cards Read More »
Credit card processors and merchants in the U.S. are starting to experience the true implications of the enormous switch to the EMV system, which stands for Europay, MasterCard and Visa. In the wake of several terrible data breaches by hackers who went after major retailers such as Target and Home Depot, the payments industry has
Visa’s Take on EMV Liability & Chargebacks Read More »
Around the world, 80 countries have added EMV chips to their credit cards. These chip cards are more secure than credit cards with only a magnetic strip and have helped to reduce credit card fraud in many places. As a result, these cards are now being introduced in the United States. Many retailers, however, are
Visa and MasterCard Sued by Home Depot over Chip Card Security Read More »
While plans are being initiated that will reduce credit card fraud, it appears the problem is going to get worse before it gets better. Credit card issuers are rushing to send new EMV enabled cards to their customers. These cards, also known as chip cards, contain technology that makes credit card theft much more difficult.
Hackers Rush to Cash In Before Chip Cards Take Over Read More »
It’s the call that no one working in merchant services wants to get: There has been a data breach and the security of thousands of customers’ credit cards is on the line. While credit card processing makes shopping easier, especially online shopping, it isn’t without its risks. And make no mistake about it; a data
Data Breaches Remain a Risk for Merchants and Banks 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 »
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 »