Named after Illinois Senator Dick Durbin, the Durbin Amendment was added to the Dodd-Frank Consumer Protection Act of 2010, and fully went into effect on April 1st, 2013. This act was intended to reform the interchange rates (known as “swipe fees”) of debit cards and c...

Recently, Apple announced a product roll out to its customers soon that it promises will change the way we view making payments.  While they seem confident in that statement (they have to if it’s going to work), they have left many merchants wondering just how this is...

The Durbin Amendment went into effect in 2011, as part of broad reforms planned and put in place to protect consumers through the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The main purpose of the amendment was to lower interchange fees on debit...

Anyone who's had a business that accepts credit cards has heard of the phrase PCI compliance or shuddered from the thought of the fees and expenses associated with it.

Let’s define the terms. PCI stands for Payment Card Industry and is any merchant that processes cred...

Interchange fees are some of the most confusing (and necessary) elements of running a business.  Every bank involved in a credit card transaction – from the customer’s bank who issued the card to your business’ bank – takes a little percentage from the transaction.Lowe...

The future of a cashless society’s here with a new way for your customers to pay. It’s called mobile processing. The customer swipes her credit card on your smartphone or tablet, the transaction’s processed, and she signs on screen, and the receipt’s emailed to the cus...

If you’re a business owner, one word should strike fear into your heart. Chargebacks.
Fearful yet? You can reduce the fear and chargebacks with a few easy steps.

A chargeback is what happens when a customer disputes a charge on her credit card. There are many differen...

Has your business been classified as a high risk business and then been prohibited, restricted, or blacklisted from merchant account processing sites, effectively being refused the ability to offer your customers credit card usage? Customers think that cash-only busine...