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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SMBs and Online Lending

Smart phones are becoming ubiquitous mobile gadgets allowing individuals and businesses to complete numerous transactions 24/7/365 from anywhere. Small business loans are a market that has not been fully developed with respect to online lending. Learn why more strict financial regulations are pushing community banks to offer online lending for SMBs. Originally, all banks were…

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Wal-Mart sues Visa

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…

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Online Poker in Delaware

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…

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Here Comes CoinSummit!

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…

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