The number one choice for consumers when it comes to giving and receiving gifts, are gift cards. Gift cards are popular due to incredible versatility and convenience.
Available in retail stores all over, these cards are seen as an appropriate option in gift giving for family, friends, colleagues, and business associates due to the increasing number in the choice of brands and products available for purchase.
Continue reading The Convenience of Clover Virtual Gift Cards
When it comes to the credit card processing industry, interchange fees are usually considered as the cost of doing business. However, for non-profit organizations, this fee takes a bite directly out of earnings.
These earnings are the vital source of income to facilitate charitable organizations, companies often see which should seek alternative methods like non-profit merchant services / programs.
Continue reading Merchant Services for Non-Profit Organizations
PURCHASE, N.Y.–(BUSINESS WIRE)–March 19, 2014–
MasterCard (NYSE:MA) today announced a new initiative to help smaller merchants create efficiencies in their operations by accepting electronic payments. The effort combines changes to the company’s U.S. region rules with best practices and insights developed from conversations with smaller merchants.
Continue reading MasterCard Supports Smaller Businesses with Greater Transparency in Payments
The likelihood of a data breach is greater than you may think, and the consequences can be catastrophic. Fortunately, you can take steps to minimize your risk. The First Data TransArmor® solution makes cardholder data significantly more secure by combining two technologies—encryption and tokenization—for superior protection.
Continue reading What You Need to Know About Credit Card Data Breaches
There has been a lot of buzz about the Durbin Amendment and what the ramifications of it will be. The amendment is set to go into effect at the end of October and the anticipation continues to grow. There has been a lot of speculation as to what effects it will have on the merchant account of many businesses but there are many differing opinions. But don’t worry, your business will still be accepting credit cards at a reasonable rate once it goes into effect. In fact, most opinions believe that it will actually be better for the merchant account of businesses. Rather than leave its effects up to hearsay, here is a look at the Durbin Amendment.
The news is mostly good for companies and their merchant account. One of the highlights of the amendment is that it merchants will now have a choice in what network they decide to process their transactions over. Until now, businesses were often limited to one or two options for which network to use, but the Durbin Amendment has opened the flood gates. This makes the credit card services of company’s much more dynamic and customizable, a must for every business. Also, rather than staying at a fixed percentage of the transactions, interchange fees will now only be as high as 24 cents per transaction.
Continue reading Durbin Amendment Starts at the end of October – Time to change your Merchant Account?