We had been waiting for Sept. 23, 2016 because – we feel – it is/was a monumental day for the payments industry: The first day of the first phase of same day ACH (Automated Clearing House) transactions; the beginning of the movement to a single-day settlement. With so many options for immediate payments, same day…
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Why Meet With Instabill at Money 2020? Our 60-70% Revenue Shares, That’s Why
Instabill will attend Money 2020, the world’s largest payments and fintech tradeshow, Oct. 23-26 at the Venetian Las Vegas, CEO and Founder Jason Field announced today. Instabill will be represented by Mr. Field and Senior Copywriter Chris O’Donnell, who are eager to discuss the company’s many high risk and international payment processing solutions for prospective…
Need to Boost Sales? Use a Global Calendar
I’ve got a close friend who has made a terrific living selling lobster dinners online – live and frozen – delivered overnight in the U.S. He is a master marketer, utilizing niche and obscure holidays and celebrations to promote deals and packages. Based north of Boston, he pays close attention to the calendar, planning specials,…
How Can I Protect My Business From Online Fraud?
Online fraud is a major world industry. The U.S. is still the prime target and small and medium-sized merchants are on their own. At last week’s Fraud 360 World Tour Boston, hosted by Kount, there were some alarming statistics revealed. One of them was the fact that 40 percent of U.S. retailers were utilizing EMV-ready…
Why E-Mail Fraud Still Works
Yahoo! became the latest internet giant to suffer a data breach and is expected to disclose the extent of the leak this week. According to CNN.com, 500 hundred million user accounts were compromised, meaning Yahoo! e-mail users if not already, are about to receive a barrage of requests and legitimate-looking proposals for their personal information.…
Think You’re Safe from Cybercrime? You’re Not
Our company, Instabill, recently sealed a partnership with an IT provider, NeoScope, whose hub is a short drive away from our offices. When it was made official, I figured the extent of our working relationship would consist of me filling out a support ticket when my desktop computer was misbehaving. One of their representatives, Craig,…
Debt Collection is About to Get Way More Difficult
If we had to choose which of the 90-plus industries we’re boarding increasingly less of, it would have to be debt collection. Over the last 3-4 years, acquiring banks – especially those here in the U.S. – are shunning merchants seeking payment processing for debt collection businesses. Much of the responsibility for that can go…
Phishing Attacks via E-Mail: Do Not Open
Because we are a high risk payment processor, we’re seeing an increase in phishing attacks by e-mail. Fortunately for us, each attack has been obvious, bordering on pathetic even. They’ve even given us a good laugh. We’re lucky, however. Because of what we do, we can spot the red flags of fraudsters and unsavory millennials…
Why Our Offshore Banking Partners Approve What Domestic Banks Decline
We often receive quizzical looks and a series of questions when we advise a merchant to take their business to one of our offshore banking partners for credit card processing rather than one of our partners here in the U.S. There is a sense of hesitation at first, maybe a loss of familiarity, and we…
We Found Something Strange on This American Express Ad
The major credit card issuers are supposed to be pushing EMV credit cards, the new ones with the microchip, right? Is it not true that the major brands got together one day a few years ago to collectively form a plan to implement EMV chip credit cards in the U.S.? Isn’t our fair nation, after…