With the launch of Google wallet, there’s been a lot of buzz about mobile payments. Visions of paying for that hamburger at lunch by a wave of your mobile phone dances through the minds of Canadians fuelled by the constant media attention. But how close is mobile payments really? The reality is, unlike the months [...]
Online Fraud – What It Is and How To Prevent It
While there are definitely a lot of benefits to being an eCommerce merchant… the ease of starting up, no need for retail space, no need for hiring sales reps… one of the biggest downfalls is the potential to become a online fraud target. Fraudsters will typically target eCommerce merchants because the lack of checks and [...]
Should Visa & Mastercard Allow Merchants to Surcharge on Credit Card Transactions?
On December 15, 2010, the Competition Bureau in Ottawa launched a lawsuit against credit card giants, Visa Canada Corp. And MasterCard International Inc. to argue the credit cards’ company’s policies on preventing merchants from surcharging and enforcing their “honour all cards” policies. The Bureau alleges that these policies are anti-competitive and hurt both consumers and [...]
Did Wikileaks Supporters Hack Visa & Mastercard Websites?
Even though the website Wikileaks first appeared on the web back in December 2006, and even though the website itself has won a number of awards over the course of its existence, including the 2008 Economist Magazine New Media Award, it did not become a household name until about a month ago… when the leak [...]
Buying versus Renting your Point of Sale Terminal
When faced with setting up a merchant account, amongst the many things to consider, one of the most important is the question on whether you should buy or lease your point of sale terminal. The reality is, you need a reliable piece of POS equipment to ensure that your business doesn’t suffer if it goes [...]
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 the Difference is Between an ISO and Bank Related Merchant Account?
When considering where to obtain merchant services, there is no shortage of providers to choose from now a days that’s for sure! There is no doubt that processing has become a lucrative business. Over time, the service has been de-regulated, so merchant’s have much more choice as to who they want their provider to be. [...]
The Critical Payment Processing Guide for Canadian Merchants
The Critical Payment Processing Guide for Canadian Merchants Discover how this Guide has helped 100’s & 100’s of Canadian business owners cut their payment processing fees by 10-30% and sometimes much, much more. If you are brand new to merchant account services, then this is the perfect guide for you… it’s takes most people about [...]
Where is the CVV # on Credit Cards?
I have had a few merchants recently not understand what the CVV # is on credit cards and how they can use it to protect themselves from potential fraud and/or chargebacks. In the image (the left) shows you where to find the CVV number on credit cards. It is a three or four digit security [...]
