Recent Industry and Company News
Should Your Business Accept Bitcoin
Bitcoin is the first decentralized, digital currency. It can be used to transfer payment to individuals or businesses. To gain a better understanding about Bitcoin and if it’s a right fit for your business, we’ve done a little research and answered some important questions. How do you use Bitcoin? First, you must create a Bitcoin account and purchase Bitcoin [...]
EMV Questions Answered
Written by Cara Dolberg Lately, we've been receiving quite a few phone calls regarding EMV and what next steps should be taken to become compliant. To help clear the air, we've compiled a list of frequently asked questions below. 1. What is EMV and its purpose? EMV (Europay International MasterCard Visa) was formed as a joint effort [...]
4 Reasons Why You Should Never Lease a Credit Card Machine
4 Reasons Why You Should Never Lease a Credit Card Machine Would you ever pay over $3,500 for something that only retailed for less than $425? We wouldn’t either, but believe it or not, if you are currently leasing a credit card terminal or are thinking of leasing one, this is what you could be paying or more! We’ve [...]
Phishing Scam Targeting Business Owners
With the recent large-scale breaches affecting Target shoppers, it is no surprise to us that a new scam is now targeting business owners. Although this time, the scammers are going after the business’ merchant account instead of customer’s credit cards. This scam is widespread and business owners may be targeted regardless of their payment processing provider. This phishing scam typically [...]
Spotting Deceptive Charges on Your Credit Card Processing Statement
On January 29, 2014, Mercury Payment Systems was sued for deceptively overcharging their merchants among other allegations. We believe this lawsuit is a step in the right direction to shed light on unethical businesses in the merchant services industry. In this article, we want to give you a few tips on how to spot deceptive charges on your business’s [...]
5 Credit Card Processing Practices Your Business Should Follow in 2014
The CHIPD team has put our heads together to come up with our top 5 credit card processing best practices your business should follow in 2014. We believe that following these 5 best practices will help save you and your business time, stress, and most importantly, money. 1. Be wary of credit card processing solicitors, especially via phone. Last [...]