As a US merchant services provider, most of our attention has been focused on the goings on with our Canadian neighbors as well as the Cannabis World Congress & Business Exposition last week in Boston (which we’re attending) in hope that US merchant services are soon a reality. With great interest, we’ll be watching how…
Tag: US merchant services
We Still Have a Major Fraud Problem in the US Merchant Services Industry
It’s not often that we read good news regarding fraud in the US merchant services industry, but Visa released an infographic last week detailing how counterfeit credit card fraud in the US is down a staggering 75 percent, largely due to the migration to EMV chip credit cards three years ago. The magnetic stripe on…
Deciding an acceptable fraud level in US merchant services
We don’t mean to slight our homeland, but there’s a quote from former British Prime Minister Winston Churchill that describes the US payments ecosystem we tend to agree with. He famously said: ‘You can always count on Americans to do the right thing – after they’ve tried everything else.’ There is plenty to support that…
Online Sales Tax Ruling Presents Questions, Opportunities for US Merchant Services
The recent Supreme Court ruling regarding online sales tax is going to significantly impact the US merchant services industry. Back on April 27 of this year, we blogged about the South Dakota vs. Wayfair supreme court case regarding whether it’s legal for a state (South Dakota) to force online retailers (Wayfair) to collect sales tax…