Credit Card Processing Blog

The EMV liability shift is still the biggest change that has occurred within the payments industry over the last few years. While the entire process ended up taking longer than most people predicted, the outcome seems to be a success. Switching to chip and PIN readers across the US has resulted in a significant decrease in physical credit card fraud. Although that's very good news for both consumers and retailers, it doesn't mean this problem is completely solved. Since EMV has made it much harder for scammers to use stolen credit card numbers in person, many of these criminals have migrated online. Given the number of high-profile data breaches that continue to occur, the pool of stolen card numbers has grown incredibly large. Because digital fraud is currently a huge problem with no clear-cut solution, card providers and other technology companies are working very hard to come up with ways to combat it. If you're wondering what solutions are currently available and which are the most promising, keep reading to get a look at the top three options: OCR Even… Read more

2018 has not been an easy year for Facebook. Between data breaches and information coming to light that the platform was potentially used to influence the latest US presidential election, it seems like every week brings a new set of challenges for the company. Although they've been hitting plenty of speed bumps, it has not stopped the giant social network from moving forward. Over the last few years, one of the areas where Facebook has invested a lot of capital and resources is into virtual reality technology. While VR may still have a very bright future, all of their work has failed as of yet to move the needle in a truly meaningful way. On the other hand, there are some other initiatives that Facebook has pursued which may be less cutting-edge but have already shown a return on their bottom line. Payment is the perfect example of that type of initiative. This is not only an area that the company already understands but one where they continue to push hard to take market share from some of the other big… Read more

In a perfect world, every new business would keep perfect books from Day 1. But in the real world, plenty of businesses view accounting as a lower priority when they're just trying to start up and survive. However, as a business does start to grow, the importance of accounting becomes much more apparent. A common misconception by new business owners is that accounting is mainly to keep track of their tax obligations. While this is one component of good accounting practices, the true impact of accounting goes far beyond. Once you get past the very early stages of a business where it's possible to keep a tally of everything in your head, proper accounting is the only way to really understand the true financial health of your business. It's far more common than many people realize for a business to consistently grow its revenue while failing to increase profit. The worst situations are when growing revenue actually causes a business to lose more money. Since the goal of most small businesses is to maximize net profit each year, we're going… Read more

It seems like not a week goes by without Amazon making some kind of significant announcement. Most recently, the company surpassed the already high expectations Wall Street had for them. Because Amazon continues to grow and evolve at such a rapid pace, no one in retail or technology can afford to ignore them. That even includes the biggest players like Walmart. Over the last few years, Walmart has made some very significant investments and acquisitions. The majority of those moves have appeared to be in response to things Amazon is doing. The same is true for their most recent move, which is believed to be a massive investment in Flipkart. More Information About Flipkart and Walmart's Proposed Investment If this is your first time hearing about Flipkart, you're not alone. But even though the brand isn't that well known in the United States, it's one the largest e-commerce companies in India. As of this month, the company has a valuation of $20 billion. Last year, Flipkart did $3 billion in revenue. While e-commerce in India still has a lot of… Read more

Since its launch in 2007, Fitbit has grown to own more than 20% of the wearable technology market. While huge companies like Apple and Google have created their own devices for this space, Fitbit has been able to remain the leading choice for tens of millions of loyal consumers. What makes Fitbit's devices so appealing is they're able to monitor everything from heart rate during the day to sleep patterns at night. As a result of all this useful data collection, most users wear their devices around the clock. That can include times like exercising when they may not have anything else on them. So let's say someone wears their Fitbit when they go out on a run and then remembers that they need to pick up a few items from the grocery store. This is one of many examples when it would be very convenient for payment technology to be built into the device. And that's exactly what this device maker is planning to do. Fitbit's Plan for Payments The idea of adding payment technology to a wearable device… Read more