Category Archives: News
Are Visa and Mastercard Going After Bitcoin?
The last time we wrote about the blockchain and Bitcoin, the cryptocurrency’s value was much higher than it is now. After shooting up to nearly $20,000, Bitcoin’s value slid downward week after week. Although the volatility of cryptocurrency means there’s no way to know for sure what’s coming next, it does appear that Bitcoin hit […]
Preventing Fraud: American Express SafeKey 101
Last year marked the first time there was more digital data theft than stealing of physical assets across businesses. Because online fraud is a very real problem for businesses of all sizes, it’s important to take as many precautions as possible to prevent it. The good news is there are a lot of tools available […]
What Caused the 2018 Social Media Backlash Against Bank of America?
In 2009, the Consumer Financial Protection Bureau took significant action to help protect consumers following the recession, enacting the CARD Act, which helps limit the size of fees issuers can charge cardholders. This has dramatically scaled back common fees, like late payment fees. The act also helped make it easier to pay on time by eliminating […]
Can the Blockchain Speed Up Payment Processing?
We recently wrote about Mastercard embracing the blockchain. Even though the payment provider’s CEO had previously said that “non-government mandated currency is junk,” the company now sees value in the underlying blockchain technology that’s used for cryptocurrencies like Bitcoin and Ethereum. It appears Mastercard isn’t wasting any time exploring potential uses of the blockchain. They […]
What You Should Know about the Amex Antitrust Supreme Court Case
When you think of American Express, chances are you don’t think of a major Supreme Court case that could affect the future of credit card processing. Like other industry lawsuits, the outcome of Ohio v. American Express, a lawsuit centered around anti-steering, could have direct effects on how businesses accept credit cards from customers. What You Need […]
Say Goodbye to Signing (Some) Credit Card Receipts
Recently, Mastercard has been experimenting with selfie authentication. Although the idea of Selfie Pay sounded more like a publicity stunt than the future of authenticating credit card payments, a lot of interesting developments have occurred across the technology industry of payment processing over the last 20 months. One of the biggest developments is what Apple announced at […]
How Does Same-Day Debit Processing Work?
As a business owner, the sooner you get paid for the products or services you provide, the better. Promptly getting paid for what you sell can help solve many of the cash flow issues that plague so many businesses. In the past, getting paid in a timely manner was quite challenging. Fortunately, several changes in […]
How Will IoT Change Payment Processing?
Because we vet some of the best credit card processors out there, we get exclusive insight into the trends that shape the industry, including how things like facial recognition, virtual reality and digital wearables are changing payment technology. The Internet of Things is a great example of how technology is helping payment processing evolve. As the year comes close to […]
Is VR Shopping Becoming a Reality?
Virtual reality is huge (and still growing) and has the potential to totally change online purchasing. Alibaba, for example, set an aggressive schedule for rolling out VR Pay, hoping to enable people wearing virtual reality headsets and browsing virtual shopping malls to check out without having to remove their goggles. Mastercard also teamed up with the Arnold Palmer Invitational […]
Apple Pay Adding P2P and Face ID Support for Payment Processing
Apple recently announced iPhone X, packed with technological advancements that’ll play a huge role in facilitating payment processing, starting with updates to their own Apple Pay. According to a study earlier this year, 18.3 percent of iPhone users who were surveyed said they use Apple Pay every chance they get, while another 41.7 percent said they use […]
