Out-of-Network ATM Fees Reach an All-Time High. Cash Gets More Expensive

In a world, where there is a rise of ecommerce, credit/debit card use, and mobile payment platforms, running to the ATM for cash is a thing of the past for many people. Cash is increasingly becoming expensive, even when accessed electronically. Cash Is becoming More Expensive Across the nation, consumers are charged $4.69 to withdraw

High-Risk Merchant Category Codes – MCC

A Merchant Category Code (MCC) is a four-figure number used to categorize business entities according to the type of products or services the company offers. Credit card associations have set up rules dictating merchants in specific high-risk MCC codes to pre register with these associations to ensure monitoring of risks. These high risk categories include

10 Tips Merchants Should Use to Void Credit Card Chargebacks

Chargebacks occur when a customer files a dispute with his/her bank regarding a credit/debit card transaction. The problem arises when the merchant doesn’t participate in the dispute process or is informed too late. In 58% of all instances, merchant are never notified of the pending dispute, which makes them helpless and unable to defend themselves

Tips to Improve the Security of Your Small Business

Running a business is associated with a myriad of important things, including security issues. As a small business owner, you should be on the hook for not only sales, marketing, accounting, merchandising, etc. but also for both physical and online security of your small business. Here are steps to take to improve the security of

Small Business Tips: How to Offer Consumer Financing to Your Customers

Offering consumer financing is one of the most effective tools for increasing revenue. That’s great for the big companies that have the luxury of offering a variety of options, but what about my small business? If you assume consumer financing is only available to big businesses, you will be glad to hear that businesses both

Fraudsters Adopt New Tricks, ID Fraud Soars to All Time High

As fraudsters find new ways to imitate their victims, ID fraud soars to record levels. It would seem these criminals are applying for fake policies to build on the profiles of their victims. Fraud prevention service, Cifas, revealed that identity theft reached an all-time high during the first six months of 2017. According to their