Category Archive for : ‘Payment Processing’

ISOs and merchant level salespeople (MLSs) must keep pace with the latest payment technologies and trends to be seen as knowledgeable experts in the field. Exploring the advantages of mobile payments will provide valuable selling points to employ during visits with your customers, which can boost your sales and help keep your merchants ahead of their competition.

From requesting taxis to tracking flights to comparing prices, consumers rely on smartphones for several day-to-day tasks. As smartphone technology quickly advanced, mobile payment options were introduced and consumers started making purchases with smartphones.

News about mobile payments usually focuses on the opportunity of in-store payments using mobile phones at the POS. But recent Fiserv Inc. research suggests financial institutions (FIs) should focus on the more immediate and lucrative money transfer realm that involves person-to-person (P2P) and person-to-business (P2B) payments.

In an April 2014 white paper titled The Four Pillars of Mobile Payments – Immediate Opportunities, the transaction processor for FIs stated the four building blocks of an m-banking/payments strategy are paying:

Self
Other people
Billers
Merchants/retailers

Fiserv’s 2013 consumer trends survey found that 30 million U.S. households use mobile

The latest security breach occurred at the nonprofit retail store operator Goodwill Industries International Inc. The culprit: a new version of malware called Backoff. The breach began on July 21st, 2014, is part of a frequent occurrence of comprises at national retailers. While consumers and mainstream media are adopting the mentality of, “oh, another breach”, security experts and the business community remain serious about securing networks and mitigating attacks.

With security breaches becoming common place some consumers are feeling less sure about who they are shopping with and how their personal

Widespread implementation of Europay/MasterCard/Visa (EMV) is expected in 2015, and with it, huge reductions in card fraud. So where is my chip card? Of the five cards I carry in my wallet – one credit, three debit and a prepaid card – not one has been replaced with an EMV-compliant card, even though two have been replaced over the past year due to data breaches that may have compromised the accounts. I know I’m not alone.

EMV is a global standard for the interoperability of chip cards capable of authenticating payment

Another major breach, which came to light in July 2014, apparently occurred at Goodwill Industries International Inc. The culprit: a new strain of malware called Backoff. Once again, security investigative reporter Brian Krebs broke the story on his blog site KrebsonSecurity. Krebs wrote in the July 21 post that unnamed sources within the financial services industry said multiple Goodwill locations had been breached and that an unknown number of credit and debit cards had been compromised.
Goodwill informed Krebs that it had only learned about the breach on July 18, when

Since their inception, gift cards have enjoyed increased sales every year. According to Jason Daley’s article, “New Franchise Concept Puts Unused Gift Cards to Use,” published in the Sept. 6, 2013, issue of Entreprenuer, more than $110 billion is spent on gift cards per year. And statistics provided at Gift Card Granny (www.giftcardgranny.com/statistics) indicate gift cards have been the most requested item on holiday wish lists since 2007.

For businesses, gift cards are easy to offer due to the minimal overhead costs and overall convenience for their consumers. For customers and

The Next Level of Protection with the TransArmor® Solution

Protecting valuable credit card payment data from the moment your customer swipes through the entire transaction with Insignia’s TransArmor® Solution

TransArmor® Solutions Goes Above and Beyond to Protect your Business

The Insignia TransArmor solution is a powerful credit card payment processing security system that combines software or hardware based encryption with random-number tokenization technology.

Credit card payments are protected at every stage of the transaction process – in transit, in use and at rest. With the TransArmor solution the risk of data breach is reduced