Though the high-profit potential of Bitcoin and other cryptocurrencies offers irresistible bait to that powerful under-36 demographic we call millennials, it’s not time to write the stock market obituary just yet. Popular stock market apps have made online trading of stodgy old Wall Street firms seem cool and new again. The truth is that […]
Stocks and Bitcoin Battle for Millennials’ Investing Dollars Read More »
Calls to Shutdown Wells Fargo in Wake of Scandal Wells Fargo faces pressure from Congress and government regulators as allegations continue to surface about their business practices. The bank has admitted that they created millions of unauthorized accounts for existing customers. Senator Elizabeth Warren has called for the firing of Wells Fargo CEO Tim Sloan.
Regulators Consider Shutting Down Wells Fargo Read More »
Protecting Yourself After the Sonic Drive-In Breach Customers who have recently been to a Sonic Drive-In may want to keep an eye on their debit or credit cards. The company recently reported that there was a breach in their merchant services system that resulted in the theft of debit and credit card information for five
Sonic Drive-In Hit With Major Data Security Breach Read More »
How and Why Shake Shack is Opening Cashless Burger Joints Just when the world thought buzzers were the most cutting-edge ideas of the food industry, Shake Shack, a burger joint based in New York City, decided to try something different and innovative. They will be opening a cashless Shake Shack New York City at Astor Place
Shake Shack Goes Cashless Read More »
Yesterday the U.K.’s Treasury Ministry ruled to forbid surcharges on debit and credit purchases. The ban is to go into effect January of 2018. In recent years merchants have been imposing surcharges to their customers for using credit or debit cards. They, in essence, were passing along the fees that the merchant would incur from
UK Bans Surcharges for Credit Card Transactions Read More »
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
As conglomerate payment processors grow larger will it hurt merchants? Read More »
Chase Pay is now making it easier to feel secure when you checkout at Walmart and Sam’s Club. You can now use this payment option to pay for your purchases online and in stores with Walmart Pay, as well as the mobile app. Mobile payments are fast becoming the way to pay for your purchases.
Chase Pay – New Payment Option at Walmart Read More »
As we approach the final leg of the race toward the looming EMV deadline, solutions that might sound like an answer to challenges associated with becoming EMV compliant begin to emerge. In this article I hope to address the problems ISVs are facing now that that October is around the corner and touch on a
ISVs Tackling Issues, Possible Solutions Surrounding EMV 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 way fleets are monitored and the systems used to monitor them are ever-changing. Fleet programs put in place to monitor fleet expenses, and track fuel purchasing and pricing are being adopted by businesses around the globe. A recent MarketsandMarkets study estimates the market for fleet management systems will grow to a colossal $35 billion
Cards, Monitoring Systems And The Modern Fleet Read More »
The highly anticipated split between two companies that seemed forever conjoined happened earlier this week, Paypal and eBay went their separate ways. EBay, who announced the divorce late last year hopes to extend and revitalize their business after leaving Paypal, who was responsible for a whopping 43 percent of all eBay’s Revenue last year. In
Paypal And eBay Officially Split Read More »
Last fall we wrote about the new Discover “On Us” Program that allows merchants that are new to accepting Discover to defer the cost for a whole year. For many businesses the summer months are their “busy season” and as such this program could add up to great savings all summer long. The “On Us”
Discover “On Us” Program Update Read More »
The Visa MasterCard Settlement that was reached last fall in the class-action lawsuit between Visa and MasterCard and a large group of retailers is still being argued over. The latest update comes with concerns from some of the class members such as Wal-Mart, Target, and national associations representing grocers, smaller retailers, etc. At its core,
Update on Visa & MasterCard Settlement [2024Update] Read More »
Just a few days ago we gave a brief overview of what EMV chip card technology is. With the payment technology firmly in place in almost every other region than the U.S. the only next step is to bring it stateside. Today news was released that the very first EMV enabled ATM machines are operational
First EMV ATMs to Go Live in the U.S. Read More »
In the last update regarding the bPay mobile wallet initiative we covered the fact that Host Merchant Services is now partnered with Barclays to grow the adoption of this very innovative and versatile form of payment. To recap… bPay is a two pronged application that benefits both businesses and consumers. Merchants can market to consumers
bPay Gaining Momentum in Newark, Wilmington Read More »