Many experts are now growing more confident in their beliefs that Bitcoin will hit $100,000 sooner than people think. Many also strongly believe that it will hit that price point by the end of 2022. These claims are backed by technical and fundamental analysis. News and Indications The world of cryptocurrency has recently come about […]
When Will Bitcoin Hit $100,000? Maybe Sooner Than You Think! Read More »
On May 10th, Coinbase announced that it had filed for a registration statement with the Securities Exchange Commission (SEC). The announcement came along with their reports for the first quarter of 2022, where they reported missing the revenue estimates that were previously given by analysts and sending shares down as much as 19%. In a
Coinbase Registers with the SEC Read More »
EBT (Electronic Benefit Transfer) card payments enable SNAP (Supplemental Nutrition Assistance Program) and TANF (Temporary Assistance to Needy Families) recipients to purchase food and other goods. Replacing the previous “food stamp” system, EBT allows recipients to use a card similar to a debit card to make purchases. The government pre-loads the EBT card with funds,
How Can My Business Accept EBT? Read More »
Google Pay and Apple Pay offer a convenient and secure way to pay for goods and services with nothing more than your smartphone. But, how to find stores that accept Apple Pay and Google Pay in 2023? If it’s been a while since you gave them much thought, you’ll be surprised to learn they are
How to find stores that accept Apple Pay, Google Pay [2023 Update] Read More »
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 it released Walmart Pay. Target is now joining the game, planning to release its own payment service, Target Pay, later this year. Although Target has not decided if the service will
Target Pay Coming Soon Read More »
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
MasterCard Using Artificial Intelligence to Attack False Declines Read More »
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
Fraudsters Don’t Take a Vacation During the Holidays Read More »
Although the United States is considered to be a global leader in finance and technology, the country has strangely been a laggard in the realm of digital payments. According to John Lambert, executive vice president at payments giant MasterCard, the American system of retail banking and payments is in dire need of adopting a set
MasterCard is Serious About Digital Wallets Read More »
In a world where digital media and the use of mobile apps are taking over, the new Samsung Pay Rewards system is seemingly one that is built for long term success. Not only will customers be able to use the service to track their mobile payments, but use of the app also allows for current
Samsung Pay Rewards 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 credit and debit card industry thrives on payment processors and the services they offer; unfortunately, customer service and support seem 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
Customer Service: A Big Challenge for Payment Processors Read More »
On October 21, 2016 there was a DDoS attack that efficiently shut down several internet services for an extended period of time. Some of the websites include Github, Twitter, Spotify, The New York Times, Pinterest, Netflix, and many, many others. As a precaution in case of further attacks, banks are now stockpiling Bitcoin to pay
Banks Are Hoarding Bitcoin to Protect Against Hackers Read More »
Identity theft is a growing problem. Part of the reason for this rise in the number of people having their identities stolen is the use of the internet for social and commercial interaction. A recent study has shown that people who spend the most time and do the widest range of activities online are up
Who is Likely to Have Their Identity Stolen? Read More »
Did you ever think you would be able to pay a bill with a selfie? Facial recognition is being rolled out as a way to authorize online transactions in markets in Europe as you read this. MasterCard’s “Identity Check Mobile,” also known as Selfie Pay, is being launched in Austria, Belgium, the Czech Republic, Denmark,
“Selfie Pay” is the New Way to Make Purchases Read More »
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
American EMV Adoption Marks One Year Read More »
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
Fraud Costs Cut in Half Since the Introduction of EMV Read More »
Dating sites pervade the Internet. This is nothing new. In fact, they have been around and in use almost since the World Wide Web became a global sensation. Scammers and fraudsters pervade society. This is also nothing new. What is new is that they have moved mainstream and have become more technological and innovative in
Online Dating Users Scammed Out of Millions [2023 Update] Read More »
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. Use of Paper Checks by American Business Entities The use of paper checks by American business entities and individuals remains uncomfortably high
More Businesses Than You Think Still Pay By Check Read More »