A scammer with a stolen or fake card attempts a transaction. The merchant receives a decline, but the scammer pretends to contact their issuing bank and tells the merchant they received an authentication code. The scammer instructs the merchant, per their bank, to use the code and force or create an “offline” transaction. The merchant enters the code, completing the false transaction.
Read moreAre you a propane company trying to save money of your merchant account fees? There is a little known fact that Visa allows a special rate for propane companies.
Read moreThe proposed $7.25 billion settlement of the class-action lawsuit brought by retailers against Visa Inc. and MasterCard Worldwide over alleged excessive interchange fees figures to be an exceptional opportunity, since it means money in the merchants' pockets. In March 2013, the lawsuit's class of plaintiffs
Read moreIf you sell gift cards to your customers know what the state laws are if that card isn't redeemed.
Read moreAre you confused about the surcharging laws imposed by the payment brands? This article clarifies the rules and which states allow surcharging?
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