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Number of accounts hacked almost doubles

by Dave | Jun 21, 2011 | Merchant Account

Citigroup Inc. updated the number of accounts they had hacked from 200,000 to 360,000. Protecting your customers credit card information is critical in this day and age. Most merchants don’t realize that if they get hacked the fines from Visa & Mastercard...

Citigroup Inc. had about 200,000 accounts hacked

by Dave | Jun 14, 2011 | Merchant Account

Hackers aren’t letting down one bit! Citigroup Inc., one of the largest companies in the world was hacked. We have been warning for quite a while that it is important for merchants to become PCI compliant so they reduce their risk of being hacked. We will be...
Who is Making all the Money with Credit Cards

Who is Making all the Money with Credit Cards

by Dave | Jun 14, 2011 | Merchant Account

The Worlds Largest Credit Card Companies and Processors. This Infographic explores the top credit card companies and then the top bank card processors. We hope you enjoy seeing how all the different companies compare to one another, we thought it was very interesting...
Who is Making all the Money with Credit Cards

The Greatest Web Hacks Involving Credit Card Fraud

by Dave | May 31, 2011 | Merchant Account

Since credit card fraud is such a big problem today and a lot of it happens from computer hackers. We thought it might be nice to compile together a list of some of the greatest web hacks involving credit card fraud. You’d be surprised to find out even some of...
Who is Making all the Money with Credit Cards

Everything You Ever Wanted to know about Online Purchases

by Dave | May 19, 2011 | Merchant Account

If you are an online business owner or are thinking about starting your own online business then you may find yourself signing up for a Merchant Account and Payment Gateway. These services go hand-in-hand when running an online business. They both play a crucial role...

Top 4 reasons to accept American Express

by Dave | May 4, 2011 | Merchant Account

Many merchants won’t accept American Express due to the higher discount rate they charge. They do this in an attempt to save money. I believe they actually could be costing themselves money. Possibly a lot of money! Here are my top four reasons to accept...
Who is Making all the Money with Credit Cards

Five Things a Person with Bad Credit can Still Do

by Dave | May 3, 2011 | Merchant Account

Here is a list of five things you can still do even though you may have bad credit. If you have bad credit you can still do things that will both improve your life or business and help to get you back on the path of increasing your credit score. Things you can still...
Who is Making all the Money with Credit Cards

Your Guide to Understanding Credit Scores – Infographic

by Dave | Apr 26, 2011 | Merchant Account

Have you ever wondered what makes up a Credit Score? Or how people get stuck with good or bad credit? In this info graphic we have briefly explored the credit scores in America. How does the FICO score work? Which states in the United states have the best and worst...

A Good Sign for the Economy

by Dave | Apr 21, 2011 | Merchant Account

American Express reported a 15% increase in US card billed business over the same quarter a year prior. This has to be good news that the economy is starting to generate some steam. Some economists are predicting a double dip recession so it remains to be seen but any...

Is PCI compliance really necessary for a merchant account?

by Dave | Apr 18, 2011 | Merchant Account

The short answer is yes due to the mandate from Visa and Mastercard for merchants to become PCI compliant. Otherwise you can face penalties and fines that could severely hamper your business. However, if you ask many IT professionals if they think it is beneficial,...
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