The revelation in early August that Russian hackers had stolen 1.2 billion user IDs and passwords — including access to 500 million email addresses — has set off a new round of cautionary articles on password security and data protection. Small businesses have become particularly vulnerable to hack attacks and should take necessary precautions to protect themselves.
With a major liability shift deadline less than a year away, credit card issuers, acquirers and merchants are gearing up for the conversion of the U.S. payments market to the EMV chip card standard already in use worldwide. In collaboration with industry publication Digital Transactions, TransFirst® is sponsoring a webinar for ISOs and other acquirers entitled “Beating the Shift: Tactics to Get Merchants from Mag Stripe to EMV by Oct. 1, 2015”.
A merchant account is one of the most valuable tools a business owner has to help ensure that their business reaches its full potential. In today’s marketplace, consumers are increasingly reliant on their payment cards and expect to be able to use them whenever they make a purchase.
It seems like hardly a day goes by that we don’t hear about yet another data breach that has compromised the personal and financial information of hundreds of thousands of people. It’s almost incentive enough for business owners to revert to a cash-only operation to avoid exposing themselves to the risk of fraud.
The terms “credit card” and “charge card” are often used interchangeably. In fact, although they are accepted the same way when presented at the point of sale, there are significant differences between them that card users should understand when applying for and using either.