A long time ago I wrote an article about credit card skimming. It remains the most visited page on this blog, I believe, because credit card skimming is one of those concerns that apply to both consumers and to businesses. About a year ago one of the founders of Twitter and some other talented business [...]
Chase just release information that they are considering capping all debit transactions to $50 maximum. This is in response to the $.12 debit card interchange regulation battle that is waging between banks and retailers. I will refrain from commenting on the debit card regulation at this point. I’ve made my views and concerns known to [...]
Friendly fraud is one of the most frustrating expenses a business owner will ever deal with. Friendly fraud is when a customer utilizes the credit card chargeback system to get a refund on a completely legitimate and honest purchase. It most often occurs in online business as it is very difficult for a business to [...]
It just goes to show that US government anti-trust regulations do not apply to B2B organizations! Verifone just acquired Hypercom corporation. This effectively removes all legitimate competition from the US credit card terminal market. Verifone’s own products have suffered a decline in reliability and quality starting 5 or 6 years ago, so naturally Verifone began [...]
Small retail businesses and restaurants are often faced with a tough decision when it comes to their method of customer checkout and the processing of customer credit cards. There are essentially 2 methods that can be used to ring up, and accept payments from customers. The first is the traditional cash register and credit card [...]
