prepaidWEB

Swipe Reform Saving Up to $18 Million A Day

“Retailers know that if they don’t pass along the savings the store across the street will,” says NRF president. With the first anniversary of debit card swipe fee reform approaching next week, U.S. retailers and their customers are benefiting from savings of up to $18 million a day that previously went to card companies and

PCI

Learning from Wyndham’s Data Breach

How you respond before, during and after your credit card data has been compromised will have a major impact on your chain’s ability to survive a security fiasco. By Erin Rigik, Associate Editor. In today’s high tech world, no one is immune to a breach. This June, The Federal Trade Commission (FTC) sued hotel dynasty

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Montana C-Store Owners Denounce State Senator

Montana convenience stores speak out on the efforts of a state senator. Montana c-store operators target U.S. Sen. Jon Tester, D-Mont., in a newspaper and TV ad, denouncing him for his 2011 effort to stall new limits on debit card “swipe fees” charged by banks, the Missoulian reported. The ads launched last weekend, claiming that

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CITGO, Heartland Payment Systems Extend Contract

“Heartland provides our retail locations with dependable and secure card processing solutions as well as exceptional customer service,” says CITGO spokesperson. CITGO Petroleum Corp. has signed a three-year contract extension with Heartland Payment Systems, which will continue authorizing debit and credit card transactions at approximately 6,000 CITGO-branded locations nationwide. Heartland is a payments processor in

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Canadian Tire Corp. Renews Gilbarco Agreement

EMV compliance through Encore S dispensers and FlexPay EMV retrofit kits prepares Canadian Tire Corp. for the future. Canadian Tire Corp. Ltd. plans to install Gilbarco’s FlexPay EMV solution across its 289 gasoline outlets in Canada.  It selected Gilbarco’s Encore S dispensers and retrofit kits in order to meet Europay, Mastercard and Visa (EMV) compliance.

creditcards

Heartland Releases State-Specific Durbin Statistics

Heartland Payment Systems shows average savings per merchant in states across the U.S. following Durbin. Heartland Payment Systems, a national payments processor, has released the first state-specific data about the Durbin Amendment’s actual impact on business owners in specific states. The data was gathered between Oct. 1-16, 2011, from across Heartland’s 250,000 merchant locations. The

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Banks Raise Fees To Compensate For Debit Reform

After Durbin Amendment, banks begin charging customers monthly fees. Banks are fighting back as the Durbin Amendment is set to go into effect Oct. 1. The Federal Reserve Board in June ruled that per the Durbin Amendment debit swipe fees would be capped at 21 cents per transaction—down from 44 cents. But now banks are

What’s Next With Swipe Fees?

“Since credit cards were introduced more than 60 years ago, no one dared step in to challenge the powerful banks. We did. And we got change,” said NACS President and CEO Hank Armour in his Opening General Session address on Oct. 6 at the NACS Show. NACS’ “audacious goal” to fight swipe fees, said Armour,

NACStech In Full Swing

Voting begins today, Thursday, for the most exciting technology found at NACStech by attendees. Retailers at the show need to download the NACStech mobile app in order to vote. Results will be announced at Friday’s Expo Trends 2010 workshop. NACStech, held May 5-7, officially kicked off yesterday at the Ernest N. Morial Convention Center in

Fighting Credit Card Costs

Is there relief ahead for exorbitant credit card fees? The answer is yes. But first, there’s a fight to be fought. According to NACS in Alexandria, Va., credit card payments have grown from 21% of transactions in 1995 to 49% today, with the trend expected to grow to more than 50% by next year. The

Vendors Help Prepaid Prosper

Prepaid services are revolutionizing the way customers do business today. From unbanked customers to students and others looking to reduce their outstanding debt, prepaid debit cards and bill pay services offer customers a payment solution without the drawback of monthly interest charges. Retailers agree that choosing a vendor that will work with your chain to

Step One: Knowing Your PCI Merchant Level

Merchant Levels are designated by the PCI Standard as follows: Level 1: Any merchant, regardless of acceptance channel, processing over 6 million Visa transactions per year; that has suffered a hack or an attack that resulted in an account data compromise; that Visa, at its sole discretion, determines should meet the Level 1 merchant requirements

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