Now with even your favourite coffee store accepting plastic, does anyone even carry cash anymore? While paying with cash is becoming more and more obsolete but there will always be those individuals who prefer to pay with this method. And with the ever growing concern of debt and money management, more and more experts are [...]
Cash Back – Should You Offer It?
The Point of Sale industry has completely changed the way people do business across the board. As a natural result of need, there are now many merchant service providers to choose from. With so many companies in contention for the same business, they will employ a many number of tactics to obtain a merchant. The [...]
Should a Merchant Surcharge?
In the early days of Merchant Services, before the deregulation (the emergence of ISO’s who are now able to offer competitive services) merchant’s simply had their services, both terminal and processing, taken care of directly by their bank. We know that the banks themselves do not process credit card services directly but, they chose exactly [...]
Merchants Have 6 Months to Make Sure Their POS Terminal is EMV Certified
What Does EMV Mean? EMV, which stands for Europay, MasterCard and Visa, or more commonly known as Chip and Pin technology is coming to Canada. Already adopted in over 80 countries all over the world, this is proven technology that has had a high success rate in helping to mitigate fraudulent activity. EMV leverages a [...]
What Can a Merchant Do to Help Prevent Debit Machine Skimming?
What is Debit Machine Skimming? Put five Canadians in a room together and chances are, at least one of them has had to make a trip to the bank for a new debit card because their card may have been compromised. Debit Machine skimming incidents are on the rise in Canada, growing exponetially every year. [...]
Is Your POS Equipment Out of Date?
I was recently reading an article written by Ellen Roseman who wrote an article for the Toronto Star called ‘Protect Your Card Numbers‘ and it spark some really interesting conversations about out of date point-of-sale equipment in the Canadian Merchant Account industry. Ellen talks about how she received a receipt from a business with her [...]
