November 23, 2011 Accepting Credit Cards by Phone Different merchants do different kinds of business. Some have traditional retail stores that they operate that require the acceptance of credit cards.
September 20, 2011 "Cash is King" and Your Small Business We’re roughly two weeks out from the Oct. 1 deadline that will see the new interchange, or “swipe”, fee regulation go into effect, and we’re starting to see activity in regards to what is being said - good, bad and indifferent - about this change.
September 01, 2011 The Durbin Amendment The Durbin Amendment is Section 920 in the Dodd-Frank Wall Street Reform and Consumer Act, which is part of the broader Financial Regulation Reform and Consumer Act passed by the Senate in May 2010. The Durbin Amendment was included in the Dodd-Frank bill by Senator Richard Durbin (D-Illinois). Among other things, it require the Federal Reserve to set ‘reasonable and proportional’ rates and fees for debit interchange rate.
May 31, 2011 How to Avoid Downgrades A downgrade simply means that you are being charged a rate increase because the type of card your customer is using has a higher processing cost or because a transaction was processed incorrectly by you, the merchant. You can’t always prevent downgrades from happening, but this article will show you what you can do to keep your transaction costs as low as possible.
April 20, 2011 Credit card data theft declines, but theft of mobile data is on the move The Verizon Business 2011 Data Breach report was issued this week and we were not surprised to learn that theft of personal credit card information declined in 2010. This was due in large part from saturation within the market of this information as a result of breaches throughout years previous.
December 10, 2010 Authorization Code An authorization code is a numerical or alphanumerical code sent directly by a credit card issuer or issuing bank that is uniquely ascribed to a sales transaction as verification that the completed sale has been authorized.