Due to the overwhelming number of security breaches experienced in the last couple of years, merchants have been hard pressed to find alternative — and more secure — ways to accept payment. Traditionally, credit cards have provided a more secure form of payment than cash...
It seems that the more technologically advanced our society becomes, the more at risk we are for fraud and theft. Just recently, major corporations, such as The Home Depot and Target, have had major security breaches, and the customer information in their databases was stolen,...
What it is: An amendment proposed by Senator Richard Durbin of Illinois, which took effect October 1st, 2011. The Durbin Amendment impacts debit Interchange fees, which is the rate structure set by Visa & Mastercard, also known as “true cost.” This amendment changes the Interchange cost...