The Red Flag Deadline is Approaching

Although Red Flag Rules were created to protect against identity theft, are some types of businesses more affected then others? In previous blogs I wrote about how merchants are not getting a fair shake when it comes to these rules, and many law suits have been…

Do the Big Banks Do Enough to Keep Identity Safe?

In previous posts I’ve talked about identity theft and ways to prevent fraud, but are our banks doing enough to protect its customers from identity theft? Recently thousands of consumers’ personal information was stolen from Wells Fargo. MicroBilt which is the self-proclaimed “single source industry leader in risk…

Will the New Housing Rescue Bill Sting the Card Processing Industry?

Housing Rescue Bill Today’s economy gives new meaning to the phrase what goes around comes around.  The new Housing Rescue Bill has turned into the Salem Witch trials for merchants and the payment processing industry. The Housing and Economic Recovery Act of 2008 was intended to help…

New Innovations Are Keeping Credit Card Information Secure

In today’s economy, more and more people are turning to using credit cards. With this new onslaught of credit card users there comes a greater possibility of fraud. The payment card industry had made great progress in compliance and security. Visa and MasterCard are actively…

Are Businesses in Store for More Interchange Increases?

I have discussed in previous posts new Interchange category rate changes that most business owners have most likely seen notifications about on their statements. Most of these notices say “Increase” and these increases are being passed on the merchant. Not all Interchange categories have experienced…