Host Merchant Services

Target Pay Coming Soon

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 …

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MasterCard Using Artificial Intelligence to Attack False Declines

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 …

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Fraudsters Don’t Take a Vacation During the Holidays

Fraudsters know that some of the greatest opportunities to commit theft occur during the hustle and bustle of the holiday season. Consumers do not only have to worry about double-swiped credit cards at checkout and phone or email scams. Criminals study consumer buying habits and use those habits against them during the holidays. Here are …

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About $11 Out of Every $100 in Digital Sales is Fraud

It should come as no surprise to you that online sales continue to trend up, but along with this comes the increased exposure to digital sales fraud specifically for card-not-present fraudulent activity. According to Forter, a fraud protection company, fraudulent activity accounts for about $11 of every $100 in digital sales nowadays. Fraudsters are remaining …

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Customer Service: A Big Challenge for Payment Processors

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 …

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American EMV Adoption Marks One Year

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 …

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Fraud Costs Cut in Half Since the Introduction of EMV

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 …

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More Businesses Than You Think Still Pay By Check

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 …

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New Methods for Nonprofits to Accept Donations

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. …

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