hotel and restaurant data breaches
Payments POS News Restaurant Retail

Hotel and Restaurant Data Breaches…..

Hotel and Restaurant Data Breaches With new technology coming out every day, comes new threats.  But with these threats, how prepared is your business?  The hospitality industry, is the most under-prepared for this. Ransomware, spyware, and data breaches are almost common these days. It's beginning to be ridiculous.  But where do your weaknesses lie? Legacy Systems / Hotel and Restaurant Data Breaches 70% or more of hotels, and restaurants are
Visa QR Codes for Payments

Visa QR Codes?… A Blast from the Past?

Visa QR Codes... A Blast from the Past? Visa announced this week, that they're working on releasing new payment technology. While Visa QR Codes are now available in certain parts of the world, it's not in the US.  QR codes are a 2 dimensional barcode. Think 2002, when you used to see square barcodes that would take you to a webpage. Visa is going to harness these codes to make a
Cole Goebel
Payments POS News

POS Companies Bought by Payment Companies….

Worldpay + Vantiv, and First Data + CardConnect? The world of payments seems to be shrinking. With every day it seems that payment companies are gobbling each other up. But it doesn't stop with other payment companies, they're doing it with POS companies too!   After merging with Global Payment Systems, Heartland Payment Systems has been busy. They've been buying up POS companies like PC America, Dinerware, and Digital Dining.
Cheaper than credit card processing

ACH Processing vs Credit Card Processing

ACH Check Processing vs Credit Card Processing Recently I was talking to a colleague in the payment industry, and he was telling me about ACH Processing. And after a few minutes of talking with him, I couldn't help but wonder why more small businesses don't use it?   Let's look at a specific example. John is an electrician. He takes most of his payments as either checks, or credit card
cayan partners with aldelo
Payments POS News Restaurant

Cayan Partnering with Aldelo?

Cayan partnering with Aldelo POS Payment giant Cayan, partnering with Aldelo POS?  In an release last week on Cayan's website, they detailed the new deal.  This partnership will offer a huge technology boost to Aldelo.  A handful of new features, as well as a seemless EMV integration, now that Aldelo is EMV certified with Cayan. EMV technology is often overlooked in restaurants. It's exceedingly rare that you'd key in a PIN at
processing fees

Processing fees… What should you be paying for?

How to choose a payment processor based on processing fees? There are many credit card processing companies out there. And processing fees are based on a lot of different criteria.  From tiered rates, interchange rates and flat rate pricing. The best place to start, is to read reviews and search the BBB to to get a better idea. Merchants need to be aware there are many hooks processors make their
credit card fraud

Credit Card Fraud Spiked 30% in 2016 According to Experian, How to protect yourself?

Credit Card Fraud Spiked 30% in 2016 According to Experian.  Despite the EMV liability shift, Experian (see here) says fraud skyrocketed in 2016. Their article shows you how susceptible you are to fraud based on your address.   The biggest issue cited isn't stolen credit cards. With the EMV shift in October 2015, it's become much harder to use stolen credit cards. The shift requires a PIN to be keyed
Mastercard BIN

Mastercard BIN Ranges Expand to a 2 series

Mastercard BIN Ranges Expand to a 2 series Credit card giant Mastercard has recently received approval to use a 2 series BIN number. Mastercard has traditionally used a 5 series BIN, and this will be their first expanse into a new BIN range.  Cards issued as early as this year will come with the new 2 series BIN. But what is a BIN range? A BIN range, or a "Bank
card payment technology
Payments POS News

Newest Trends in Card Payment Technology

In October, the EMV Liability shifted. Which, to you and me, means that most of us are using debit and credit cards with an embedded chip these days. The embedded chip adds new security features. It's an attempt to circumvent fraud.  But card payment technology doesn't stop evolving there. You probably didn't know, is that EMV technology has been around since the 90's. Most European and Asian countries have been