Vecter signs Reseller Agreement with Magensa, LLC – QuickPay Software

November 21st, 2012

Vecter signs Reseller Agreement with Magensa, LLC – QuickPay Software

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Internal Revenue Code Section 6050W and Merchant Accounts

November 14th, 2012

Internal Revenue Code Section 6050W is a part of Title 26, passed by the United States Congress in 2008.  It specifies that starting in calendar year 2011, banks and third-party settlement services must report the gross payments processed by debit or credit cards to the IRS and to merchants.  They will use form 1099-K (an […]

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Stealing Speed: How to Protect Your Business from Skimming and Ensure Data Security

November 9th, 2012

Most people have heard that credit card fraud is not only the fastest growing but also costs merchants and businesses a lot in lost and stolen revenue.  However, you might be surprised to know the extent of the losses.  The Association of Certified Fraud Examiners (ACFE) estimates that the average business loses about 5% of […]

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