What does PCI compliance mean for your small business? PCI DSS compliance can often seem like a mountain to climb for small businesses, but that needn’t be the case. With the right knowledge and the right partners, it can be understood (and achieved) without much trouble at all. What is the PCI DSS? PCI DSS…
Consumers know technology adds convenience to their lives — and, now that they’re accustomed to that convenience, they’re never turning back. A digital, connected world allows people to shop whenever they want, schedule appointments online, order dinner for pickup or delivery according to their schedules, and access tax records or insurance policies through a web…
Why You Can’t Afford to Pay Your Business Credit Card Late. Using a business credit card can make it easier to run your business and get rewards and perks along the way. But if you miss a payment by as little as one day, your card could become a thorn in your side overnight. So, if…
Visa and MasterCard agree to settle swipe fee class action for $6.2 billion. Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees. The settlement ends a 13-year old suit brought by the nation’s leading merchants, which claimed that Visa…
The rise of the payment app: ‘I hardly use cash any more’. Using a payment app to pay your friends directly or split a restaurant bill has become increasingly popular among younger generations in particular. But are they safe? Nikki Hesford, 32, is a convert to person-to-person payment (P2P) apps, using PayPal to pay for…
Skimming security used by credit card giants urge gas companies to update. Credit card companies are pressuring on gas stations across the nation, urging them to update their card systems to increase skimming security. MGN Credit card giants like Visa and MasterCard set a deadline for 2020 for gas stations, to either upgrade their security…
Online Fraud Soared 30% In 2017, Double The Rate Of E-commerce Sales. According to U.S. Census Bureau data, eCommerce sales climbed to a record high of $453.5 billion in 2017, representing a 16% increase over the previous year. However, recent Experian reports revealed that online shopping fraud rose 30% year over year, and 63% of businesses acknowledge they…
Airlines to Test Consumer Payments That Bypass Credit Cards for Direct Sales. Some airlines will test letting ticket buyers on their websites have an optional new way of paying that avoids the need for credit and debit cards. The world’s top airline lobbying group, the International Air Transport Association (IATA), has decided to launch a pilot…
Card shimming is the new way to prey on your identity. Card skimming involves a device that is attached to the outside of the card reader that reads the magnetic stripe on credit cards. Card skimmers are bulky and easy to spot. Card shimming, on the other hand, is not. Card shimming involves a paper-thin, card-sized…
Airlines to launch payments system to rival credit card groups. A challenge to credit card companies is being launched by the global airline industry and Deutsche Bank with a new electronic real-time payment system for plane tickets that seeks to save carriers billions of euros in transaction fees. The new system for web-based ticket sales…