Square Inc Tries to Justify Its System
There is a lot being said and written about the feud between Square Inc and VeriFone Inc but now Square Inc is trying to justify that the system that they have developed is not something that consumers should worry about because it cannot be compromised. Earlier this year, VeriFone Inc, CEO Douglas Bergeron posted a video on the web claiming and showing that Square card readers are not safe and...
Read MoreOperation Swiper Gets Results
We all know that since the advent of credit cards and debit cards fraud people are working hard to break the technology loopholes and get into the system that can help them to steal money from the accounts of people using credit cards and debit cards. However, on October 7, 2011, Richard Brown, District Attorney for the Queens, New York said that their Operation Swiper has provided better results...
Read MoreNew Interchange Rates for Visa and MasterCard
There are lot of people that love to make use of their Visa and MasterCard but now as per the latest news both Visa and MasterCard Worldwide will implement their new interchange rates from October 1, 2011. Although, Visa and MasterCard have revealed some information about the new interchange rates but they have decided to stay quiet and not to talk much about their new interchange rates. Both...
Read MoreHeartland Gets Vocal about Durbin Amendment
There are some organizations that are really happy with the Durbin Amendment to the 2010 Dodd Frank Wall Street Reform for Consumer Protection Act, but there are some organizations that are keeping close eye on how merchants are getting profits but they are also keen on looking on other aspects of trade that can influence people who are involved in this business. Heartland Payment Systems Inc...
Read MoreHandling Skimming Issues in the US
In recent times there has been a lot of news about ID fraud in the United States and law enforcement team are working on different projects like Operation Swiper and many more. However, card skimming still remains one of the biggest threat and problems in the United States for merchants, customers and even for companies that have card systems. According to law enforcement officials in New York...
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