Beware of New 3-Digit Security Code Credit Card Scam
One of the security features built into credit cards is a three-digit security code located on the back of your card. Merchants use this code to ensure the card is actually in your hands when you make a purchase online or over the phone. This security code is exactly what scammers are after in this latest scam. How the Scam Works A scammer calls you claiming to be from your credit card company’s security or fraud department. The caller, who has already obtained your credit card number and address from another document such as an old account...
read moreTom’s Tips: Integrity in the Merchant Services Account Industry
Recently, I spoke to a group of college students at Wright State University about integrity in the business world. I shared my real-life experiences with them, and explained how taking the high road, the honest road, the road to integrity, has paid off. I explained to them that it’s not always easy. Many times, the easy thing to do would be the wrong, dishonest path. But that’s not how I run this business, and it’s not how we do things here at Merchant Payment Services. I explained to the students that integrity is not simply...
read moreTom’s Tips for Switching Credit Card Providers
Hi, Tom Griffith here. I have been helping companies process credit and debit card transactions for a long time. I understand that, for the most part, companies in this business have a shady reputation. We’ve worked hard over the years to make Merchant Payment Services stand out from our competitors. In fact, we recently won the Better Business Bureau Integrity Award. That’s not something you see every day from a merchant account services company, is it? Now, I also understand that once you have built a relationship with a company,...
read moreDurbin Amendment Goes Into Effect on October 1
The Durbin Amendment is a landmark policy that goes into effect in October 1. It dramatically reduces the fees that companies like us can charge you to process your transactions. Many merchant services companies are not telling their clients about this policy, instead they are choosing to pocket the extra money. With us, you won’t get any of that. In fact, here at Merchant Payment Services, we are offering: Free account review $300 sign on bonus Free credit card terminal No cancellation fee Our honest approach to merchant services Find...
read moreMerchant Payment Services Wins the 2011 BBB Eclipse Integrity Award!
In today’s fast-paced world, many businesses operate pursuing short-term gain – not Merchant Payment Services. From its start, the company has focused on being a different kind of merchant service provider. Its team members want merchants to know the company is here for the long haul, restoring honesty and integrity back into its industry locally. The team’s serious about delivering extraordinary service and doing business with impeccable integrity to build customer confidence to the highest possible level. Tom Griffith says, “At our...
read moreEclipse Integrity Award
From the Dayton Daily News: Merchant Payment Services Wins the BBB Eclipse Integrity Award! In today’s fast-paced world, many businesses operate pursuing short-term gain – not Merchant Payment Services. From its start, the company has focused on being a different kind of merchant service provider. Its team members want merchants to know the company is here for the long haul, restoring honesty and integrity back into its industry locally. The team’s serious about delivering extraordinary service and doing business with impeccable...
read moreThe Right Equipment Makes the Difference
From wireless credit card terminals to credit card swipers that plug into your smartphone, we can provide you with the best, most up-to-date equipment for processing your credit card transactions. We carry a wide variety of credit card equipment from major manufacturers for your credit card processing needs. Whether you have a retail storefront, restaurant, hotel, or a service business, your customers expect you to accept credit cards and other flexible, convenient methods of payment. We even have a special wireless credit...
read moreThe credit card of the future: It ‘talks’ to you
Taken from the Red Tag Chronicles on MSNBC.com Posted: Wednesday, March 9 2011 at 06:00 am CT by Bob Sullivan Nagraid There have been repeated attempts to make old-fashioned plastic credit cards “smart” by putting computer chips on them. Smart to whom? Even chip-enabled cards can’t tell consumers what the interest rate is on purchases, or when next month’s bill is due. But how smart would credit cards be if they could actually communicate with card holders? We’re about to find out. MasterCard recently announced...
read moreDeath of the magnetic stripe credit card
Taken from the Red Tag Chronicles: The death of the magnetic stripe credit card Posted: Tuesday, March 8 2011 at 06:00 am CT by Bob Sullivan First, we said goodbye to the floppy disk drive. Then, the Sony Walkman was unceremoniously buried. Now, it’s time to prepare a eulogy to a gadget that’s been an even bigger part of the American landscape for a much longer time — the magnetic stripe credit card. An ingenious technology in its time, the magnetic stripe was invented in the 1960s by marrying tape-recorder-like magnetic tape...
read moreConsumer Credit Card Chargeback Rights
Because chargebacks are such a pain in the butt to merchants, I thought it would be a good idea to repost this information that I read on-line in the blog post somewhere out there in my internet travels while waiting to catch my next plane. This is information to advise you generally of your customer’s credit card chargeback rights under federal and California state law. If you wish to examine them specifically for yourself, the federal laws are found in 15 United States Code §§ 1666, 1666i, and 1640(e) and in 12 Code of Federal ...
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