Bank of America and other credit card processing companies that have been affected by the Durbin amendment have decided to not charge their customers a monthly fee for using their debit card. Bank of America indicated that they are responding to feedback from their...
Higher fees for the customers that can afford it least. The Durbin amendment put a cap on the fees that credit card processing companies can charge for debit fees. What was the response? Bank of America instituted a $5 a month fee for anyone who uses a debit card. So...
This infographic displays the History of the USA National Debt. We hope you enjoy it. Let us know what you think. [CLICK IMAGE TO ENLARGE] To put this graphic on your website, just highlight, copy and paste the HTML code below: <a...
With all that is happening in the economy today we thought it would be interesting to further explore Inflation. Inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. As Inflation...
I just read an article where a couple of researchers found it pretty easy to commit fraud using the square dongle card reader. Square is now working on a encryption system. I have no idea how they are allowed to process credit cards with out even doing something as...
Visa is starting to speed up the implementation EMV contact and contactless chip technology. This will allow merchants to use NFC technology to accept credit cards. Whether you are ready or not, the time is quickly coming where you will be able to touch your phone...
It seems that everything and everyone is turning to social media. Check out these unbelievable statistics about the growth or size of some social media platforms. The interesting part as well is how everything seems to be going mobile. The mobile advertising is...
Tempo Payments Inc is closing their doors due to the Durbin amendment. The company has already let go 60% of their employees. The company indicated the remainder of their employees will be laid off shortly. Tempo Payments appears to be solely in the debit card arena....
Google has introduced a new product that will allow merchants to accept credit cards through a cell phone. All a consumer will need to do is hold their phone close enough to a terminal in order to make their payment. I believe this technology will take off. How soon I...
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