Vecter attended WorldPay’s annual ISO/ATM conference in Atlanta, GA

August 21st, 2014

Vecter attended WorldPay’s annual ISO/ATM conference in Atlanta, GA

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An Inside Job on Credit Card Hacking

December 1st, 2013

Recently Barnes and Noble announced that credit and debit card numbers as well a PIN numbers had been stolen through compromised credit card readers from 63 of their stores throughout the nation.  The theft was so widespread and effected so many locations, that security experts believe it was probably an inside job. Security specialists have […]

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The Terminated Merchant File-The List All Merchants Want to Avoid

August 5th, 2013

The Terminated Merchant File is a list on which no merchant wants to be included. Also called the MATCH (Member Alert to Control High-Risk) list, the file is a database operated by MasterCard that includes a list of businesses and their owners who have had their credit card processing privileges terminated. The Terminated Merchant File […]

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What ‘Cost Plus’ or Interchange Plus Means for the Cigar Industry

July 12th, 2013

No small-business merchant expects to   have the ability to accept credit card payments without being charged a fee, but does it have to be so complicated? There are interchange rates, markups, discount rates, three- and four-tier programs, and a variety of fees based on what type of card is used in each transaction. To top […]

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MasterCard’s New Tobacco Registration Requirements

July 5th, 2013

Policies and campaigns designed to destroy tobacco sales are nothing new to merchants who deal in cigarettes, cigars and loose tobacco. Stringent government regulations, soaring taxes and nonstop, federally funded advertising campaigns have been part of the business for years. But now, with internet sales of tobacco increasing, merchants who make their money from non-face-to-face […]

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4 Ways the Patriot Act Affects a Merchant Credit Application

June 26th, 2013

The Patriot Act was signed into law on Oct. 26, 2001. It came in the wake of the terrorist attacks of September 11, 2001, and was a sweeping measure aimed at protecting the United States and its citizens from terrorist attacks. At the time, few argued that the act was necessary, even though it gave […]

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The New Standard: 5 Ways for Merchants to Protect Themselves Against Data Breaches

June 5th, 2013

The Payment Card Industry (PCI) Standards are nothing to mess with. Just ask Genesco, a sports apparel company that operates nearly 2,500 stores across the United States and in parts of Europe. Earlier this year, Visa fined the company more than $13 million for a data breach—even though there was no evidence that any credit […]

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How Encryption and Tokenization Work in the Battle for PCI Compliance

May 14th, 2013

For many merchants, reaching PCI compliance can be quite a battle. In fact, it can sometimes seem like war. But in today’s world, where more than 25 billion transactions a year are made electronically, with cards, compliance is the goal of every merchant that accepts electronic payments from credit, debit or pre-paid cards as payment. […]

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The Invasion of the SmartCard

April 5th, 2013

It won’t be long until MasterCard and Visa roll out their new SmartCards in the United States. Both Visa and MasterCard are already offering incentives to get U.S. merchants to make the switch–upgrade their POS technology, work out the kinks, etc… The biggest incentive of all? A shift in liability when it comes to counterfeit […]

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