If you’re traveling abroad this summer, you might want to make sure you have at least one EMV-ready credit (or debit) card at your disposal. (The same might apply if you’re traveling a couple years into the future, after they become more widespread here in the U.S.!)
According to a recent NY Times article, Visa is responding to consumer concerns that prepaid cards are often trickier to use — or to give — than they should be, since fees and terms often differ, leaving users confused, or simply with less of a balance than they imagined they had.
One of the great things about selling products or services via a website is that you can make money while you sleep. Customers can place orders anytime of the day or night, any day of the week, whether you are awake and working or not. Of course, there’s always work to be done when you rise but you don’t have to worry about missing a sale just because you aren’t right there at your computer every moment of the day.
As a business, you need to be able to do a number of things when it comes to financial transactions. From accepting credit card payments to accepting and depositing checks, being able to accept payments on your website or by phone, and even being able to now accept credit cards using a mobile phone, you need every angle covered to ensure you don’t miss a beat, or a sale.
It’s good to keep an eye on the “Krebs on Security” website, where much of the recent all-too-spectacular news about data breaches gets broken, and later analyzed. This week, Brian Krebs is reporting on the latest retail breach, coming from the chain of P.F. Chang’s China Bistro restaurant (if you’ve eaten at one lately, doublecheck your plastic!)
If you haven’t added mobile phone credit card processing to your business arsenal, today should be the day! The invent…
No matter the type of business you’re in or whether you are a retail location, mobile location, or provide services at various homes and businesses, the ability to accept credit cards is a must. In addition to having the ability to accept credit cards, you need to be able to accept them in different ways such as at your physical location, via your mobile phone on the go or at any location your customers are at (flea markets, farmer’s markets, their homes, conferences, their businesses, kiosks, etc.)
We wanted to update you on an item we ran last week, wherein California’s State Senate was on the verge of issuing its own mandates for a switch over to EMV standards in card transactions, setting April 1, 2016 as the date.
However, according to a report in Computerworld, “the full Senate missed the voting deadline of May 30, ending its chances of passage until a new legislative session begins.”
Securing a merchant account for a new business can be tedious, frustrating, and sometimes fruitless. Many financial institutions simply don’t want the risk. And they have tens of thousands of customers so they feel they can pick and choose who they would like to do business with and that means they may choose ‘not’ to do business with you. They may feel you are too high of a risk or they may feel that your business won’t be profitable enough to make many sales, making it unworthy of their time or resources. Yes, that’s the hard truth.