Most Active Articles 2013-05-21T08:38:33.332-04:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:merchant-services Robert Pierce rpierce420 urn:com:businessweek:bx:article:13634087678239375750-f3affe13eade608304ad32de109ac374 2013-05-16T12:26:26.882-04:00

The Paypers has recently released the latest version of the Mobile Payments Market Guide. This guide offers an overview of the different mobile transaction services available worldwide in 2013. It also serves as a reference for mobile payments, including mobile commerce and

The Paypers has recently released the latest version of the Mobile Payments Market Guide. This guide offers an overview of the different mobile transaction services available worldwide in 2013. It also serves as a reference for mobile payments, including mobile commerce and http://www.switchpay.com/the-mobile-payments-market-guide-for-2013/ M. Latham mlathams851 0 0 0 0 urn:com:businessweek:bx:article:7304732988755766596-2e03a7b1e04ead9f6e63ce66424f8035 2013-05-20T11:42:38.187-04:00

Information provided by Verizon’s Data Breach Investigations Reports, abbreviated DBIR, have shown that nearly one quarter of all data breaches were from retail and restaurants, the next biggest business sector after financial institutions. The DBIR is a yearly analysis of

Information provided by Verizon’s Data Breach Investigations Reports, abbreviated DBIR, have shown that nearly one quarter of all data breaches were from retail and restaurants, the next biggest business sector after financial institutions. The DBIR is a yearly analysis of http://www.switchcommerce.com/verizon-reports-24-of-data-breaches-come-from-retail-and-restaurants/ M. Latham mlathams851 0 0 0 0 urn:com:businessweek:bx:article:12353652714346851093-a4c366f7026d18bfc251ecda6174de0c 2013-05-13T11:49:05.590-04:00

ISOs should recognize, control and mitigate the risks associated with credit card processing; this demands the knowledge of rules, regulations, and guidelines of card companies and regulatory bodies. The knowledge of in-house risk as well as the importance of accountability

ISOs should recognize, control and mitigate the risks associated with credit card processing; this demands the knowledge of rules, regulations, and guidelines of card companies and regulatory bodies. The knowledge of in-house risk as well as the importance of accountability http://www.switchcommerce.com/how-the-iso-and-processor-need-to-understand-processing-risk/ M. Latham mlathams851 1 1 0 0 urn:com:businessweek:bx:article:11197401948373303849-ef82405e3ceeedfc10c66d12aa50d583 2013-04-29T11:16:08.277-04:00

EMV allows for a chip technology that has the added benefit of reducing stolen payment card data. The distinguishing feature of EMV is a secure chip that is imbedded in the plastic payment card. Once a card’s data is compromised

EMV allows for a chip technology that has the added benefit of reducing stolen payment card data. The distinguishing feature of EMV is a secure chip that is imbedded in the plastic payment card. Once a card’s data is compromised http://www.switchcommerce.com/the-intro-guide-for-merchants-on-emv-technology/ M. Latham mlathams851 2 2 0 0 urn:com:businessweek:bx:article:2670628143741191469-52eac52637f5390c12e482305ba743a9 2013-04-30T13:44:27.847-04:00

About The Electronic Transactions Association The Electronic Transactions Association is a worldwide trade alliance representing more than 500 businesses that provide electronic transaction processing services and products. ETA’s goal is to progress the mobile payments sector profession by encouraging leadership

About The Electronic Transactions Association The Electronic Transactions Association is a worldwide trade alliance representing more than 500 businesses that provide electronic transaction processing services and products. ETA’s goal is to progress the mobile payments sector profession by encouraging leadership http://www.switchpay.com/the-eta-releases-best-practices-and-guidelines-for-mobile-payments/ M. Latham mlathams851 3 3 0 0 urn:com:businessweek:bx:article:3780956345912106828-644025809a69535d510f2f29e78e20ba 2013-04-22T10:23:42.533-04:00

Before credit card payments took over the marketplace, paper checks were the typical method of payment to merchants. This has changed, however, as bank-issued cards are now the standard method of payment. What caused this change? In part, it was

Before credit card payments took over the marketplace, paper checks were the typical method of payment to merchants. This has changed, however, as bank-issued cards are now the standard method of payment. What caused this change? In part, it was http://www.switchcommerce.com/the-future-of-interchange-fees/ M. Latham mlathams851 14 14 0 0 urn:com:businessweek:bx:article:15672851213484808523-46cdca29c1433ced29af613ff3e60eb6 2013-04-15T10:33:01.423-04:00

The adoption of EMV in the United States is coming and it will affect the whole industry. Therefore, all participants will need to receive the needed information so they can understand how they will be affected by chip enabled payment

The adoption of EMV in the United States is coming and it will affect the whole industry. Therefore, all participants will need to receive the needed information so they can understand how they will be affected by chip enabled payment http://www.switchcommerce.com/emv-adoption-is-coming-to-the-us/ M. Latham mlathams851 23 23 0 0 urn:com:businessweek:bx:article:3886764362287727815-20cb7fd0d7b45975f9465f2107b53fd7 2013-04-16T12:33:13.815-04:00

As consumers begin to use cellphones and smartphones for more every day activities, including accessing the internet and conducting personal business, it only makes sense that consumers should be able to make payments with their iPhones and iPads as well.

As consumers begin to use cellphones and smartphones for more every day activities, including accessing the internet and conducting personal business, it only makes sense that consumers should be able to make payments with their iPhones and iPads as well. http://www.switchpay.com/governments-are-now-adopting-mobile-payment-technology/ M. Latham mlathams851 8 8 0 0 urn:com:businessweek:bx:article:14950541292058290601-4f408e67331ba59067449f6a17030d76 2012-11-19T10:21:17.229-05:00

Many retailers do well throughout the year, but they take things to another level during the holidays. Businesses often do a quarter to half of their year’s business during the holiday season. Because of this, it is important to make

Many retailers do well throughout the year, but they take things to another level during the holidays. Businesses often do a quarter to half of their year’s business during the holiday season. Because of this, it is important to make http://www.switchpay.com/the-holiday-season-survival-guide-for-retailers/ M. Latham mlathams851 2 2 0 0 urn:com:businessweek:bx:article:4388533033491494284-af0be20710e27949ac5dff958d5d2470 2013-03-27T16:26:14.400-04:00

Be On The Lookout For: Orders consisting of high quantities of a single item. Orders in which the shipping address does not match the billing address. Orders placed by phone by people very eager to receive their item - usually involving people of a Latino or Latina ethnicity. Generic email addresses created at free email addresses (like Yahoo, Gmail and AOL) in which the address appears to look like a business address, but is not. These addresses will look as though they belong to a business related to whatever field the product belongs to. In the case of home health care products, they scam artists will use an email address purporting to be a physical therapy clinic, for example. Orders that have some connection to Miami, be it the shipping address or the area code for the phone number provided at checkout, or from which the criminal calls from.

Be On The Lookout For: Orders consisting of high quantities of a single item. Orders in which the shipping address does not match the billing address. Orders placed by phone by people very eager to receive their item - usually involving people of a Latino or Latina ethnicity. Generic email addresses created at free email addresses (like Yahoo, Gmail and AOL) in which the address appears to look like a business address, but is not. These addresses will look as though they belong to a business related to whatever field the product belongs to. In the case of home health care products, they scam artists will use an email address purporting to be a physical therapy clinic, for example. Orders that have some connection to Miami, be it the shipping address or the area code for the phone number provided at checkout, or from which the criminal calls from. http://www.merchantcircle.com/blogs/Egan.Medical.Equipment.985-635-4875/2012/3/Online-Retailers-Beware-of-Orders-Placed-Using-Stolen-Credit-Cards/878783 Peter Egan pegan838 11 10 0 1 urn:com:businessweek:bx:article:1214841555041780679-5c0aa367c82a3d85dc56dde28b1a2b46 2013-04-08T10:35:37.548-04:00

On January 27, 2013, a settlement between retail merchants and credit card networks took effect. This settlement allows retailers to charge customers a “checkout fee” when they use a credit card at the register. Ten states, however, objecting to the

On January 27, 2013, a settlement between retail merchants and credit card networks took effect. This settlement allows retailers to charge customers a “checkout fee” when they use a credit card at the register. Ten states, however, objecting to the http://www.switchcommerce.com/expect-more-states-to-consider-banning-checkout-fees/ M. Latham mlathams851 8 8 0 0 urn:com:businessweek:bx:article:17227487824968307892-d9193023f9ca6cc945ed172e6a1a64ae 2012-12-10T10:20:22.842-05:00

How secure is your PIN number? You may think you have a great PIN code that no one will crack, but in reality it might be in jeopardy. Many people use combinations that are easily guessed and commonly used. In

How secure is your PIN number? You may think you have a great PIN code that no one will crack, but in reality it might be in jeopardy. Many people use combinations that are easily guessed and commonly used. In http://www.switchcommerce.com/atm-security-tips-protecting-pin-number/ M. Latham mlathams851 2 2 0 0 urn:com:businessweek:bx:article:3277178416269686306-4a8a0ea321881880aaf16d8bf2fdeb91 2013-02-25T14:54:07.207-05:00

ATM security is paramount to the success of your ATM business. Without it, your business can lose customers and even worse: it can lose a great deal of money. Unfortunately, there is no one-size-fits-all rule for keeping your ATM safe,

ATM security is paramount to the success of your ATM business. Without it, your business can lose customers and even worse: it can lose a great deal of money. Unfortunately, there is no one-size-fits-all rule for keeping your ATM safe, http://www.switchcommerce.com/best-practices-in-regard-to-your-atms-physical-security/ M. Latham mlathams851 5 5 0 0 urn:com:businessweek:bx:article:8754150447397873865-b8516b0c98641f4537d082eb63dfb3e5 2012-11-05T13:33:41.100-05:00

What’s the scariest thing about the holidays? Shopping! We’ve all seen the viral videos of people making a mad dash through the front doors of a store on Black Friday. Then there’s the bottleneck of impatient customers at the checkout

What’s the scariest thing about the holidays? Shopping! We’ve all seen the viral videos of people making a mad dash through the front doors of a store on Black Friday. Then there’s the bottleneck of impatient customers at the checkout http://www.switchpay.com/how-to-improve-the-holiday-shopping-experience-for-your-customers/ M. Latham mlathams851 6 6 0 0 urn:com:businessweek:bx:article:10280793631886185151-32f6382050e11a7f8350f48c4ea60abb 2013-04-05T11:38:21.789-04:00

It goes without saying that the more money that people spend, the more money that our economy will have floating around. It does not matter if that money is cash or credit because it is all worth the same thing.

It goes without saying that the more money that people spend, the more money that our economy will have floating around. It does not matter if that money is cash or credit because it is all worth the same thing. http://www.switchcommerce.com/credit-card-usage-growth-in-the-economy/ M. Latham mlathams851 9 9 0 0 urn:com:businessweek:bx:article:16166156728569715494-977892f3fc52ec59093d29747944c73a 2012-12-26T12:38:55.655-05:00

Your business’s point-of-sale (POS) system may be the weakest point in the security of your customers’ credit card information. The Payment Card Industry Data Security Standard (PCI DSS) was created in 2006 to provide businesses with a minimum security standard for protecting

Your business’s point-of-sale (POS) system may be the weakest point in the security of your customers’ credit card information. The Payment Card Industry Data Security Standard (PCI DSS) was created in 2006 to provide businesses with a minimum security standard for protecting http://www.switchcommerce.com/maintaining-security-and-pci-compliance-on-your-pos/ M. Latham mlathams851 3 3 0 0 urn:com:businessweek:bx:article:1054214289341267278-d176b39786bbf4294b6817208798d66d 2013-02-18T12:19:32.534-05:00

No matter what type of business you operate, it’s safe to say you provide a valuable product or service in exchange for compensation. Being able to conveniently accept credit cards from your customers—payment processing— is one of the most important facets of

No matter what type of business you operate, it’s safe to say you provide a valuable product or service in exchange for compensation. Being able to conveniently accept credit cards from your customers—payment processing— is one of the most important facets of http://www.switchcommerce.com/why-is-my-industry-type-important-to-my-payment-processor/ M. Latham mlathams851 22 22 0 0 urn:com:businessweek:bx:article:853673871564155641-5ce6bff72f6c83e4e362bec10ce0eda7 2013-02-23T11:26:10.319-05:00

Direct Response (DR) businesses have unique transactional needs, and their success largely depends on having seamless and successful transactions consistently, and at affordable rates. If you have a Direct Response offer in the market, you need a DR-friendly merchant account provider. These are the top 10 things you should look for:

Direct Response (DR) businesses have unique transactional needs, and their success largely depends on having seamless and successful transactions consistently, and at affordable rates. If you have a Direct Response offer in the market, you need a DR-friendly merchant account provider. These are the top 10 things you should look for: http://j2response.com/top-ten-attributes-direct-response-friendly-merchant-account-provider/ Justin Bumann jbumann505 17 17 0 0 urn:com:businessweek:bx:article:7155043254246372826-8ca3e78c3a1217be9cd9be0596e0f6ee 2013-02-11T12:42:19.821-05:00

One of the first things you should do when getting your business set up is to complete an IRS SS-4 Form which establishes your business tax account.  This form is used for identification purposes of employers, legal purposes, bank accounts

One of the first things you should do when getting your business set up is to complete an IRS SS-4 Form which establishes your business tax account.  This form is used for identification purposes of employers, legal purposes, bank accounts http://www.switchcommerce.com/why-is-the-ss-4-form-important-for-my-merchant-services/ M. Latham mlathams851 5 5 0 0 urn:com:businessweek:bx:article:1362451778067378558-0c85205415dfa1d871fe91b8306b1c23 2012-11-26T15:09:06.317-05:00

As the owner of a business, it’s up to you to get creative and look at ways that you can improve your sales. While there are a limitless number of things that you could try to boost your bottom line,

As the owner of a business, it’s up to you to get creative and look at ways that you can improve your sales. While there are a limitless number of things that you could try to boost your bottom line, http://www.switchcommerce.com/growing-your-business-through-an-online-payment-gateway/ M. Latham mlathams851 8 8 0 0 urn:com:businessweek:bx:article:9590720522857288508-b0c68e26ee21cdafd43e76e49ef372a4 2013-02-04T10:27:24.310-05:00

It is a well-known fact that the use of credit cards can increase sales and foot traffic for small businesses, however it is also important for the merchant to understand the credit card transaction process, since if not watched properly

It is a well-known fact that the use of credit cards can increase sales and foot traffic for small businesses, however it is also important for the merchant to understand the credit card transaction process, since if not watched properly http://www.switchcommerce.com/keyed-vs-swiped-transactions-how-does-this-affect-the-merchant/ M. Latham mlathams851 13 13 0 0 urn:com:businessweek:bx:article:2876944227725660998-805df17335df5cf713b51a6bd7e387a6 2013-01-28T16:34:13.137-05:00

This article covers the latest news on the recent checkout fees.

This article covers the latest news on the recent checkout fees. http://www.profnetconnect.com/mlatham/blog/2013/01/25/retailers_may_charge_new_checkout_fee_to_customers M. Latham mlathams851 9 9 0 0 urn:com:businessweek:bx:article:5130742718233842796-c96bddb8e37d6647019de6d34b0d6551 2012-12-31T12:34:27.782-05:00

The great swipe fee fiasco doesn’t seem to be winding down. Earlier this year, a settlement was awarded to retailers who have been unfairly charged interchange fees (swipe fees). The retailers’ accusation, which was first introduced in court in 2005, is that Visa, MasterCard

The great swipe fee fiasco doesn’t seem to be winding down. Earlier this year, a settlement was awarded to retailers who have been unfairly charged interchange fees (swipe fees). The retailers’ accusation, which was first introduced in court in 2005, is that Visa, MasterCard http://www.switchcommerce.com/swipe-fee-settlement-hits-another-speedbump/ M. Latham mlathams851 8 8 0 0 urn:com:businessweek:bx:article:2571547367330203704-6f13a0649cb71bb72b46c73aa29e38db 2012-09-05T10:39:41.492-04:00

A landmark settlement reached in July includes terms that could mean retailers will start charging customers a fee for using a credit card upon checkout. Pending final approval from a court, this new fee is the outcome of a long-running

A landmark settlement reached in July includes terms that could mean retailers will start charging customers a fee for using a credit card upon checkout. Pending final approval from a court, this new fee is the outcome of a long-running http://www.switchcommerce.com/retailers-on-credit-card-processing-fees/ M. Latham mlathams851 19 19 0 0 urn:com:businessweek:bx:article:2319812799620440492-317f43330b3f95e9e9998f9c769dad3f 2013-01-07T12:59:34.818-05:00

There was a time when cash was king, but those days are gone. It’s still the most frequently accepted payment type – who wouldn’t want to accept cash? – but it can be quite frustrating for the rapidly growing number

There was a time when cash was king, but those days are gone. It’s still the most frequently accepted payment type – who wouldn’t want to accept cash? – but it can be quite frustrating for the rapidly growing number http://www.switchcommerce.com/disadvantages-of-running-a-cash-only-business/ M. Latham mlathams851 36 36 0 0