As the debate in the United States rages on over gun laws, some companies have been taking sides by choosing to take action. Visa, however, is one company that has refused to wade into the political fray. Instead, it has opted to continue along doing business as it has been in regards to mobile payments. […]
Visa Continues To Support Mobile Gun Purchases Read More »
Payment Methods – Credit Card Processing & Beyond Making the shopping experience easier for the consumer is the goal of new e-commerce tools. Every year, the e-commerce industry is dynamically transforming, moving in the direction of personalization and new sleeker customer experiences, especially with the increasing integration of AI. Streamlining payment processes and providing multiple
Major Upcoming E-commerce Trends [2023 Update] Read More »
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
New FDA Regulations Affect Online Vape Credit Card Processing Read More »
As online sales continue to trend up, there is an increased exposure to digital sales fraud specifically for card-not-present related fraud. According to Forter, a fraud protection company, fraudulent activity accounts for about $11 of every $100 in digital sales nowadays. Fraudsters are remaining flexible in fighting the industry’s effort to stop these criminal acts.
About $11 Out of Every $100 in Digital Sales is Fraud Read More »
The swipe fee antitrust lawsuit that The Official Merchant Services Blog has been covering for a few years now has an update: Wal-Mart, accusing Visa of excessively high card swipe fees, is suing Visa for $5 billion. The action by Wal-Mart is being taken because Wal Mart opted out of the settlement of the class
Wal-Mart Sues Visa Read More »
On Tuesday, February 25, 2014, Nevada and Delaware lawmakers signed a landmark agreement to join the states together in online poker ventures, potentially increasing payouts for residents who gamble online. The Multi-State Internet Gaming Agreement signed by Gov. Brian Sandoval of Nevada and Gov. Jack Markell of Delaware established a legal framework for the first authorized interstate
Online Poker in Delaware [2024 Update] Read More »
Today marks the start of CoinSummit San Francisco, a two-day event ”connecting virtual currency entrepreneurs, angel and VC investors, hedge fund professionals and others who are looking to learn and network in the virtual currency industry.” CoinSummit will take place on March 25-26 2014 at the Yerba Buena Center for the Arts in San Francisco. Many in
Here Comes CoinSummit! [2023 Update] Read More »
Sometimes the future just sort of sneaks up on you. Even if you’ve given yourself reminders, sticky notes, calendar alarms, and the proverbial string tied around your finger, the future still has a way of creeping up on you unawares. Which is why Host Merchant Services is happy to offer its customers a payment processing
The VX 520 Embraces the Future Read More »
February was the month that the all-seeing eye of the media turned its lidless gaze upon Bitcoin and the craggy peaks of Mt. Gox, the Japanese Bitcoin exchange site. Almost half a billion dollars went missing from Mt. Gox, the exchange was rocked, Bitcoin was scorched, and the site went bankrupt. The Official Merchant Services Blog
The Doom of Mt. Gox [2023 Update] Read More »
Twitter, the modern equivalent of Mad Libs and the yellow journalism of the late 19th century, has revealed to us a gem of irony that makes the whole Target getting hacked story seem that much more poignant. No one is safe in this bold new era of credit card hackers and identity thieves. Not even
PayPal President Hacked [2023 Update] Read More »
It’s mid-February 2014. The Mid-Atlantic, homebase to Host Merchant Services, has been mired in a series of snowstorms that makes the jaunty tune of “Take Me Out To The Ballgame” seem months and months away. Yet today, February 12, is the day pitchers and catchers report for Philadelphia Phillies Spring Training 2014. Six days ago
It’s 1, 2, 3 Swipes, You’re Out! Read More »
Back in November, The Official Merchant Services Blog dove into the Bitcoin currency craze with an in-depth look at Bitcoin mining. Bitcoin, introduced in 2008 by a programmer or group of programmers under the name Satoshi Nakamoto, has no central issuing authority and uses a public ledger to verify encrypted transactions. It is a virtual currency
The Bitcoin Roller Coaster Read More »
Holiday Inn, Marriott Hotels Suspected Targets of Data Breach The Official Merchant Services Blog has breaking news regarding the ongoing series of credit card data breaches. One the heels of the major hack of discount retailer of Target that stole credit and debit card data from 40 million accounts right smack dab in the middle
Hackers find new target: Mariott [2023 Update] Read More »
The massive data breach at Target is a big shining beacon illuminating exactly how behind the times the United States remains when it comes to credit card security — namely EMV® chip technology. EMV is a worldwide standard for credit and debit card payments based around the use of chip card technology. The acronym stands for Europay, MasterCard,
Can Chip Cards Stop the Hax? [2023 Update] Read More »
With the 2014 holiday shopping season about to grind down to the home stretch, the sales figures are already rolling in. And once again, online transactions have maintained their brisk and healthy growth from years past. Cyber Monday chalked up record sales, rising a reported 17 percent from 2012 according to USA Today. Cyber Monday,
Marketplace Fairness Act Looms [2023 Update] Read More »
Isis Mobile Wallet Debuts Using NFC Technology A joint venture between AT&T, Verizon Wireless and T-Mobile known as Isis Mobile Wallet has released a revolutionary mobile payments app that promises to change the way people pay for goods and services. The trio of mobile service providers are ecstatic to finally debut this mobile payment platform right
Isis Mobile Wallet is Here Read More »
Apple’s Latest iPhone 5S and iPhone 5C Lack NFC Support, Market Setback Expected The iPhone and NFC issues can lead to a market setback. The sphere of influence of the iPhone apparently extends into industries that develop products for mobile payments. Mobile credit card processing and various merchant services, including various point-of-sale applications, are also
The iPhone and NFC issues [2023 Update] Read More »
Bitcoin is a topic that most people who spend time on the Internet have heard about. A Bitcoin is not a tangible coin like traditional currency. It is a virtual currency that can be bought, sold and mined electronically. For Andreas Kennemar and Marcus Erlandsson, an idea involving Bitcoins turned out to be beyond profitable.
Bitcoin Craze Generating Big Profits For Some [2023 Update] Read More »