Consumer Demand Pulls Restaurants Into EMV Compliance

Will mobile payments and pay-at-the-table options help restaurants finally step up and become EMV compliant? EMV is a global standard. The U.S. has lagged behind most other countries only implementing EMV compliant payment technology since 2015, while the technology has enjoyed widespread adoption across the pond since the early 1990’s. With the roll out of […]

Recurring Payments In A “Subscription Society”

Within a very recent past there has been a time where consumers possessed a sort of unsavory perception of being involved in a recurring billing situation. They viewed it as somehow getting ”sucked in”. Like that protein powder that keeps showing up even though you haven’t even used the last one you got! But times […]

Contactless Payments- The U.S. Is Behind The Times

Historically, the U.S. has lagged behind European countries’ adoption of more secure payment technology. We have only recently integrated to EMV compliance, years after countries like Europe, the UK and Poland. Our adoption of “tap to pay”, or contactless, payments is no different. Outside of the U.S. however, many of our surrounding countries are already […]

Consequences of A High Chargeback Ratio- Part 2-How To Fix It

Most businesses and business owners do not realize that more than 80% of claims filed for a chargeback are attributed to “friendly fraud”. In other words, only about 20% of chargebacks claimed are due to actual theft and use of stolen credentials. However, those numbers have been increasing and especially with companies that make it […]

Consequences-High Chargeback Ratios Part 1

As a business owner accepting payments you have probably heard the term “chargeback ratio” and may even be aware of what it means for your business. IF you happen to be operating in the Ecommerce realm you are most likely highly aware of the dreaded chargeback and the ramifications a high ratio can have on […]

Medical Marijuana Doctors- The Payments Rx

Never mind that 33 of our 50 states now have some level of legalization for the use of cannabis for medical purposes, if you are a practicing physician who believes in the efficacy of the use of marijuana as a positive treatment for your patients, you are up for a challenge to say the least. […]

Visa’s Tightening The Noose On Merchant Chargebacks

Visa is letting merchants know: clean house by Oct 1st, or else. Visa and MasterCard both set thresholds for the amount of chargebacks and fraudulent incidences they will allow a business to have, before action must be taken. Now they are tightening the noose so to speak on just how much they will allow merchants […]

Why Do You Need A Credit Card Processor?

And What Do They Do For Me Anyway? As a merchant have you ever wondered how credit card processing really works? Probably not. But, what you probably have wondered at least once in your life as a business owner is why you have to pay so much, or why it is hard to get approved […]

MSP, ISO, PayPal, PayFac? I Don’t Know, I Just Want To Accept Payments

It can be confusing to a merchant just how all this accepting credit cards and payment processing works let alone understand all the terminology and where all the players involved in accepting credit cards fit into the puzzle. It’s enough work for a merchant to undertake and understand the inner workings of each aspect of […]