What Is A Processing Equipment Scam?

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If you’re a business owner, you have to be aware of scammers from all angles: scammers posing as customers and scammers posing as people who say they can help your business. You have to be on your toes at all times, even when choosing your credit card processing equipment. You may receive a call offering to lease your credit card … Read More

Be Aware of This Credit Card Fraud Scam!

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Here is the scenario for this scam. It plays upon the merchant’s emotions: getting excited about a large sale and then the fear of losing that sale. The merchant starts salivating over the profits and over rides his or her caution. The fraudster starts the process of talking about a very large purchase. He asks the merchant if he can … Read More

New Scam to Steal Credit Card Info!

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Now that we have EMV chip cards to prevent fraud, the thieves have to come up with new ways to get our data. You may have heard about a skimmer, which pulled information off the mag stripe. Now the fraudsters have what is called a shimmer. And it is so thin that it becomes almost undetectable. A shimmer can be … Read More

Biggest Merchant Services Secret Scam – The “After You Sign Up” Scam

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Electronic Money Company has refused this increase for our entire portfolio of clients!!! The way 99% of processors out there play the game is to sign people up on a low rate and then once or twice a year increase rates and fees slightly and hope their clients don’t notice and don’t switch over to someone else. Eventually, the merchant … Read More

Mobile processing is eliminating checkout lines and registers

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More and more retailers are streamlining and enhancing the shopping inside a retail store. Imagine being able to show off your entire catalogue of merchandise and not being limited to what you have in stock. That is what the technology of a tablet offers you. All sizes and shapes and colors can be shown on the tablet. Customers can try … Read More

A New Frontier for Merchants to Market and Capture Payments

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Payment Processing will be moving to the dashboard of your car. People spend on average 30 minutes driving or riding to and from work. Commerce is already conducted from people’s phones within their car while they are commuting to work. There is a huge market waiting to emerge, allowing payment processing from the car dashboard. Not only will we be … Read More

A chargeback scam every business owner should know about!

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The shift to EMV chip cards, designed to stop credit card fraud, happened in late 2015. To this day, consumers are still taking advantage of merchants who have not adopted this new technology, and winning chargebacks from unsuspecting merchants. “EMV chip technology has been rolling out to consumers and merchants in the United States. Visa chip cards protect in-store payments … Read More