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How to Choose the Best Merchant Service Provider

How to Choose the Best Merchant Service Provider

Are you just starting your business? Do you want to expand to have an online presence? Does your business have multiple locations? No matter your current business size or the future you see for it, there’s a Merchant Service Provider that will fit your business. The challenge is how to choose the best one. In this post, we will discuss the ideal pricing plans and features you should get out of your Merchant Service Provider based on your business size. Merchant Service for Small Businesses Whether you’re just starting out or you run a mom-and-pop shop, it’s…

Credit Card Fraud in America Today

Credit Card Fraud in America Today

According to the most recent Nilson Report, $24.26 billion is lost worldwide to credit card fraud on an annual basis, which is comparable to the Gross Domestic Product of nations such as Iceland and El Salvador. As alarming as these numbers may be, it is important to take an even closer look at the state of credit card fraud in America today. As the leading country in the world for credit card fraud, 38.6 percent of those losses were reported in the United States, amounting to $9.36 billion a year. The Importance of Understanding Credit Card Fraud…

Mastercard Cards Without Signature Panels Starting April 2019

Mastercard Cards Without Signature Panels Starting April 2019

If you haven’t noticed, a major trend has emerged in the last year around signatures and credit cards. In late 2017 and early 2018, card brands announced major changes to their signature requirements. Mastercard is now taking yet another step away from signatures. The News Starting April 2019, both Mastercard debit and credit cards may not contain a signature panel on the back. This change comes on the heels of Mastercard making signatures for its cardholders’ transactions optional. As a business owner processing Mastercard transactions, not much will change for you. In fact, the removal of the signature panel…