Top Payments Industry Articles from 2015
We’ve collected the top payment processing stories based on readership for 2015. Take a look at how evolving standards and technologies impact businesses of all sizes and industries.
Counterfeit money is the scourge of many businesses. However, there are eight things your staff can look at to identify a fraudulent bill. Find out how big the problem has been and what you can do about it.
Heartland Chairman and CEO Robert O. Carr shares his views on the deceptive, fraudulent practices of some vendors in the payment processing space. Take a look at three particularly egregious practices carried out by payment processors.
When video streaming service Netflix announced its lower-than-expected quarterly sales results, it claimed that credit card churn was a major contributor. Stolen credit cards force subscription-based companies like Netflix to get consumers to update their payment methods. Read how Point of Sale’s editor Craig Aberle sees credit card churn affecting the future of payment processing.
The term “tokenization” has become a part of the modern payment processing lexicon. Technology can be used to protect different types of personally identifiable information (PII). Find out how this evolving payment structure impacts merchants.
The newly U.S.-adopted standard known as Europay, Mastercard, and Visa (EMV) has changed the way merchants process credit card payments. The move to an EMV processing structure is expected to reduce card-present fraud. But what about other payment processing risks? This story examines what merchants can do to reduce security risks.
Chester Ritchie, VP at Worldpay US contributed this informative article dealing with fraudsters and cyber criminals during a busy holiday period. Have you heard of Black Wednesday? Find out what to build your plan of action around to make each year-end holiday season safer for your business and its customers.
“Given the serious impact a data breach can have on an organization’s reputation and brand image, data breach preparedness and customer communication needs to be a top priority,” says Michael Bruemmer, vice president of data breach resolution at Experian. In this article, he discusses EMV payment processing and how organization should prepare for to respond to a data breach.
Do you know how many payment types are available to consumers? Some cause bottlenecks at registers, while others are vulnerable to security risks. Check out this article that discusses the various options, and even refers to an ancient Scottish payment form.
The newly adopted (in the U.S.) Europay, Mastercard, and Visa payment structure will impact merchants of all sizes. Discover how EMV works and how transitioning to this payment system makes sense for small businesses.
Merchants are vulnerable to various security risks. This article covers tokenization, end-to-end encryption, vaulting and other security measures your business can take to protect yourself.
The CEO and founder of nanoPay, Laurence Cooke, explains key reasons for merchants to adapt to new payment methods. Number two can be critical to customer relationships. See if the investment outweighs the cost.
Small businesses face security issues and other concerns when it comes to electronic payment processing. One of the leading payment processing vendors discusses the EMV liability shift, cost-related processing issues, and the biggest threat to EMV in the future.
Changing your socks is a good habit, right? Have you considered that replacing your credit cards might be a good habit to get into as well? There may be a few good reasons to do this. Find out how changing your credit cards could protect your personal information and reduce other hassles.
While EMV compliance is necessary for U.S. retailers because of the liability shift that has taken place, switching to the new system doesn’t prevent other types of credit card fraud. This article discusses fraud statistics and the cost of fraud to all merchants.
According to the Payment Card Industry Data Security Standard (PCI DSS), tokenization is one of the most effective ways of minimizing the PCI compliance scope. Find out how tokenization is especially important for small biz and restaurants, and what an out-of-scope POS configuration looks like.