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Square gets shut down in Illinois 5 Mar 2013 | 09:45 pm
The state of Illinois has issued a cease and desist against Square Inc. (pdf) for violating a money transmitter act and is requiring them to cease all money transferring activities with any resident o...
Make sure your credit card processor has the correct tax information for your business 4 Feb 2013 | 11:55 pm
The IRS 6050W mandate passed in 2008 requires credit card processors to report merchant processing revenue to the IRS for each year of active processing. The IRS essentially thinks business owners are...
You may now surcharge on credit card transactions, sort of… 23 Jan 2013 | 06:40 pm
A result of the recent card association / merchant settlement is that merchants may now place a surcharge on their credit transactions. We’ve already been getting a lot of phone calls about this, so l...
Pay your Drug Dealer with Square 27 Nov 2012 | 08:40 pm
We’ve been speculating since Square got started that it would quickly infiltrate illegal markets. Partnered with prepaid debit cards, it offers an almost 100% anonymous method of accepting credit card...
Why you can’t take your percent and pass the rest on 31 Oct 2012 | 08:46 pm
Here’s a daily scenario that I come across. A website owner / entrepreneur / service provider / auction site / startup / etc., wants to create their awesome online platform that will allow vendors to ...
Here’s why PCI compliance is mandatory… 12 Jun 2012 | 11:18 pm
Here’s an unfortunate data breach that happened at a retail pizza restaurant. The business suffered a computer hack or some sort of data breach that resulted in customer’s credit cards being compromis...
Here’s why PCI compliance is mandatory… 12 Jun 2012 | 11:18 pm
Here’s an unfortunate data breach that happened at a retail pizza restaurant. The business suffered a computer hack or some sort of data breach that resulted in customer’s credit cards being compromis...
MasterCard Security Alert 18 May 2012 | 08:08 am
MasterCard has alerted that some merchants have recently received fraudulent “MasterCard Security Alert” e-mail messages. These e-mails ask merchants to conduct payment card test transactions followed...
MasterCard Security Alert 18 May 2012 | 04:08 am
MasterCard has alerted that some merchants have recently received fraudulent “MasterCard Security Alert” e-mail messages. These e-mails ask merchants to conduct payment card test transactions followed...
Nurit 8000/8020 Tamper Device Prevention 14 Apr 2012 | 04:28 am
The Nurit 8020/8000 wireless terminals have become extremely prone to getting the Tamper Device error since VeriFone started manufacturing them and new security regulations were adopted. Tamper Device...
