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Only about 60% of you know what is happening on Oct. 1, 2015 with the EMV Liability Shift and the Chip Cards. I have to say this is turning out to be one of the most botched roll outs of technology shift ever. In a nutshell here it is: Today, if there is a breach, fraud, you name it, the...

http://www.scmagazineus.com/zeus-now-sp … le/174635/ Please read and beware!!!

Here are the recent and upcoming changes to Visa/MasterCard Interchange and Debit Network structure Visa Announcement Visa has announced an increase on the Visa Assessment fee. The Assessment fee will be changing from .0925% to .11% effective July 1, 2010. PIN Debit Announcements Effective...

Hello All, Notification has been sent to all First Data/Chase Paymentech sales groups regarding the new PCI/DSS compliance for terminals currently in service with merchants across the U.S. What this means to the merchant is that some terminals have been deemed “non-compliant” and therefore the...

This, on the surface seems like it is an isolated case, but still is important for those using Radiant/Aloha to be aware of the importance of knowing what PCI DSS version of software you are actually running on your POS System. http://www.bankinfosecurity.com/article … rt_id=1974

I am going to out of town for the rest of the week, visiting my daughter Kristi (the one who is waiting for a heart transplant). I will, of course, still be answering any emails or questions you may have. I want to wish all of you a very safe, and Happy Thanksgiving and hope that the bounty at...

Anyone interested in having me email them the current Visa interchange chart, please email me. I have yet to figure out how to attach a file on the TT.

This post if for the person/persons who just called our office pretending to be Bank of America, asking about CardSystems Solutions/Pay by Touch. First of all, CardSystems Solutions no longer exists, they were a processor that suffered a breach in late 2004. We (Card Solutions Inc.) are not a...

CPS I Card Not Present Credit 1.80% plus $0.10 CPS I Card Not Present Debit 1.60% plus $0.15 Consumer Traditional Cards. Card Not Present! Signature Not Obtained! Mail or Phone Order, Address Verification required. Customer Service phone number and invoice number required. Must be authorized...

Everyone hates the “Rewards Card” rates because…well, why should the merchant and consumer be paying for a reward offered by Visa or Mastercard? Most consumers use their rewards card for the higher dollar purchases, but you will see some usage based on your business model and locality of your...

This category is the plain jane, no rewards credit card. The requirements are listed below. It becomes a little more difficult in predicting how much of your business will be from this category, especially if you are in a “vacation, resort” area. You can look at your statements and see how much...

http://www.storefrontbacktalk.com/secur … customers/ Strange things going on in the Processing World!!

For most restaurants, about 50-60% of your business is going to be paid for by a debit card. The information below is the cost for a standard (non-reward debit card that is swiped, read and signature is obtained). If you are on a 3 or 4 tier pricing plan and you are paying 1.59% for a standard...

I have had some conflicts about what I am about to do because I know it is not going to make me very popular with some of the other vendors on this forum, but I have decided to push forward because of some of the recent posts about credit card processing and the fee structure associated with...

Just wanted to thank all of you who have emailed me about my daughter who needs a heart transplant! She is still waiting but is stable now. She currently has 2 external VAD (ventricular assist devices) that pump her blood. We are still hoping a heart will become available soon! Your thoughts...

This article talks about the recent removal of Heartland and RBS WorldPay from its compliant list. The question from us in the industry is: Will Heartland and RBS try to pass on the huge cost of this litigation onto its merchants? http://www.bankinfosecurity.com/article … rt_id=1277

Do you know what the words “Interchange Pass Thru” mean? If not, you are likely paying to much for your credit card processing. Traditionally small to mid-sized businesses have been set up with what is called “Multi-tier pricing” for their credit card processing. This system is usually set up...

I am new to the PMQ so please forgive if I overstep any rules or offend anyone, that is certainly not my intent. There has been much news lately about PCI Compliance and the unfortunate breaches on server networks. The latest to fall against hackers is Heartland Payments. Last Week a class...