CREDIT CARD PROCESSING NEWS
As it is often stated, nothing stays the same. This is definitely true in the credit card processing industry as we have seen many changes in the past 5 years. We will cover these changes and keep you up to date on what it means to a business accepting credit cards. On this page, you will find links to articles that will cover these changes and updates. Feel free to reach out to us if you have any questions, we are always here to help.
What are EMV Cards?
EMV short for EuroPay, MasterCard and Visa implemented a new way to fight fraudulent charges that has become a standard today. What are EMV (also known as chip) cards? Find out what they do and what you need to know.
The Durbin Admendment
In October 2011, the Federal Reserve capped transaction fees with the Durbin Amendment. With this Amendment, the cost to accept credit cards was lowered.