Category Archives: News

Nervous About the Impact of the Equifax Breach? Here’s What You Need to Know

Although we’ve covered a number of significant security breaches, none compare to the recent Equifax Breach. Just this May, the personal information of nearly 143 million United States consumers was stolen from Equifax. To put that number in perspective, a total of 15.4 million people in the United States had their identities stolen during 2016. That marked […]

Posted in News |

Why is Mastercard Teaming Up with Fitbit?

Over the last few years, we’ve seen wearable technology advancements explode, even covering the payment ring Visa tested at the 2016 Summer Olympics. Then earlier this year, Visa showed off a prototype of payment sunglasses. While these examples show that Visa is very bullish on wearable payment technology, they’re not only the major player in the […]

Posted in ECommerce, News |

How Will Instant Payments Affect Businesses?

As evidenced by the EMV liability shift, major changes within the payment processing industry take time. Even simple processes, like money transfers and payments, can take days to fully process. More and more consumer products like Venmo are popping up, providing a way for consumers to instantly transfer money to each other. Still, it’s standard for […]

Posted in Business, News |

5 Must-Know Tips for Marketing to Millennials

It’s no secret: millennials have more buying power than ever before, that’s why major corporations are putting so much emphasis on marketing to this demographic, including big players in the payment industry like Mastercard. According to the Wall Street Journal, millennials have an average of two credit cards. Nearly 60 percent of millennials in the United States would like […]

Posted in Advice, Business, News |

How Do Cryptocurrency Refunds Work?

The rise of cryptocurrencies like Bitcoin is exploding, with more people than ever investing in this virtual currency and others like it. But an often ignored topic of discussion includes cryptocurrency refunds, or the process of returning virtual funds when an online purchase is made. MasterCard recently filed a patent application about this issue, which shone a necessary […]

Posted in Business, News |

Is Amazon Getting Into Payment Processing?

Amazon’s $13.4 billion acquisition of Whole Foods has been dominating the news – just like news of how well Prime Day went this year. Although these would be enough to keep most companies busy, Amazon is far from “most companies.” They launch a ton of new initiatives and aren’t afraid to scrap the ones that fall flat, while doubling down […]

Posted in Business, News, Retail |

How Will Artificial Intelligence Change Payment Processing?

MasterCard recently announced they are acquiring Brighterion, a major company in the artificial intelligence and machine learning space. Although neither company is disclosing the acquisition price, this is a very interesting piece of news for the entire payment processing industry. Brighterion has been working on a suite of fraud prevention technologies, technologies that will now help […]

Posted in Business, News |

Is EMV about to Get Turbocharged?

Back in February, we took a look at the progress made with the EMV liability shift. Though their use is growing rapidly, consumers remain unhappy with how lengthy the entire transaction process can be. It’s been an ongoing issue since EMV cards were introduced, though some companies are taking certain measures to help alleviate this problem, speeding […]

Posted in Business, News |

5 Payment Processing Tech Trends That Help Make Life Easy

Whether you sell products through a traditional retail store, provide services online or run your business through multiple channels, being able to accept payments from customers is a must. In fact, the ease with which people are able to pay can directly impact your bottom line. Trying to make it as easy as possible for […]

Posted in Business, News |

The Latest on Visa and Mastercard Retailer Lawsuits

Last year, news broke about a major lawsuit involving two highly known companies: Walmart and Visa. After Walmart filed its lawsuit against the major global credit card, citing security issues, Visa responded with their own counter suit. Walmart didn’t want to allow consumers to use signature authorization for debit transactions, while Visa wanted the retailer […]

Posted in Business, News, Retail, Security |