Mobile Payments, will it take off?

Many card Issuers believe that within the next few years 25% or more of debit transactions will migrate to mobile payments (Daly, 2016). An interesting comparison was done by Karen Webster on “What Mobile Payments can learn from Debit Cards.” Debit … Continue reading

283 million Visa-branded EMV chip cards issued

Even though we continue to hear about issues and concerns from business owners surrounding EMV in the media, this is not slowing down EMV adoption by business owners. Approximately 23,000 merchant locations are becoming “chip-ready” every week (Stewart, 2016).  As of … Continue reading

EMV’s Impact on Tipping at Restaurants

In our previous blog about EMV, we discussed the basics of how EMV technology and security will work; however, since our previous blog was published new information has been provided about how EMV will work specifically in relation to tipping … Continue reading

Samsung Pay

Samsung announced they were coming out with Samsung Pay on March 1st 2015 (Samsung, 2015), just two months before Google announced they were coming out with Android Pay in May 2015. This announcement came quickly after Samsung’s acquisition of LoopPay … Continue reading

Android Pay

On May 28th, 2015 Google announced that it will be coming out with an Android Pay app by the third quarter of this year. While Android has had Near Field Communication (NFC) and card emulation for years, they were unable to gain support from key players in the industry such as; issuers, networks, and merchants. Continue reading

How Successful is EMV at Reducing Fraud?

Currently, EMV (Europay, Mastercard, and Visa) chip cards are the “hot topic” in the payments industry.  There is a plethora of information about EMV on the internet which can be overwhelming.  Through this blog we hope to answer business owner’s … Continue reading

PCI Compliance & Non-Compliance Fees

Have you seen PCI (Payment Card Industry) compliance and non-compliance fees on your merchant statements?  Many business owners see these fees and wonder why they are necessary in addition to their processing fees.  The purpose of PCI compliance is to … Continue reading

What to Know About EMV Technology

EMV (Europay/MasterCard/Visa) Migration Status On August 9, 2011, Visa announced plans to accelerate the migration to contact chip and contactless EMV chip technology in the U.S. They believed the adoption of dual-interface chip technology would provide stronger authentication and transaction … Continue reading

Apple Pay

The new Apple Pay system was introduced on September 9th of this year.  This technology allows customers to pay with their iPhone 6 and Apple Watch (scheduled for release in early 2015) through NFC (Near Field Communication) technology within the … Continue reading

New Federal Law Did Not Help Small Business Owners

By: Tom Wimsett The Durbin Amendment: Two years after Implementation…..THE WINNERS AND LOSERS July 29, 2013 marks the second anniversary of the Federal Reserve’s ruling affecting the “interchange fee” essentially paid for by merchants whenever a merchant accepts a debit card as payment … Continue reading