New Service Offers Easy, Secure & Private Way to Pay CUPERTINO, California―October 16, 2014―Apple® today announced that customers can start making payments with the touch of a finger on Monday, October 20, when Apple Pay™ becomes available in the US. Apple Pay offers an easy, secure and private way to...
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Retailers will no longer be offered free EBT equipment to participate in SNAP
This is an important message for SNAP authorized retailers about your SNAP EBT terminal and related services. Retailers will no longer be offered free EBT equipment to participate in SNAP. Retailers who have been using free EBT equipment and services to accept SNAP may continue to use the EBT equipment...
October 2015: The End of the Swipe-and-Sign Credit Card - WSJ
It’s a payment ritual as familiar as handing over a $20 bill, and it’s soon to go extinct: prepare to say farewell to the swipe-and-sign of a credit card transaction. Beginning later next year, you will stop swiping the credit card. Instead, you will insert your card into a slot,...
5 ways to reduce credit card processing chargebacks
The chargeback: A forcible reversal of funds typically due to a credit card holder’s dispute of the transaction. Originally established in 1968 as a credit card holder’s protection against clerical error, the chargeback has become a major tool in the fight against identity theft, especially for online credit card processing...
To prevent data theft, businesses race to adopt new technology
McClatchy Washington Bureau Published: Wednesday, Apr. 16, 2014 - 5:22 pm WASHINGTON -- Recent high-profile data breaches at Target and Neiman Marcus have accelerated plans by banks and retailers to implement technologies they say will prevent hackers from stealing consumers’ account information. Malware installed in Neiman Marcus payment terminals exposed 1.1 million debit and credit cards from...
Target to reissue cards as MasterCard chip-and-pin
Target to reissue cards as MasterCard chip-and-pin Hadley Malcolm, USA TODAY12:29 p.m. EDT April 29, 2014 o (Photo: Joe Raedle, Getty Images) Starting next year, Target will issue its branded credit and debit cards as MasterCard chip-and-pin cards, the company said Tuesday. The retailer's REDcard portfolio includes a Target-branded debit...
Lawmakers urge faster chip-and-PIN credit card adoption
The U.S. Congress should mandate that banks, retailers and payment card processors adopt new security standards to protect against widespread data breaches, some lawmakers said Wednesday. In the wake of several high-profile retail data breaches, some members of the U.S. House of Representatives Financial Services Committee called for new cybersecurity...
USA Laws on Chip and Pin (EMV)
US lawmakers call for data protection standards to avoid breaches Legislators push for US credit cards to include chip technology March 5, 2014 (IDG News Service) Congress should mandate that banks, retailers and payment card processors adopt new security standards to protect against widespread data breaches, lawmakers said Wednesday. In the...
What is EMV (Chip and Pin)
What is EMV? EMV stands for Europay, MasterCard® and Visa®, the developers of this technology. EMV has been used in Europe since 1992, and steps are now being taken to make it the standard payment type in the U.S. due to the significant reductions in fraud it produces. EMV, also...
How to Install a Credit Card Machine
Set up a phone line for the credit card machine to use. This doesn't have to be a dedicated line, but should be one you can count on to be available more often than it isn't. Many businesses choose to use their fax line for their credit card machine. Set the...
