Ben Dwyer, Author at CardFellow Credit Card Processing Blog

Credit Card Processing

Business Owners: EMV Chip Card Scams and Misleading Sales Tactics

As often happens when there’s confusion, scammers and unethical companies take advantage of the confusion. Here are some of the chip card scams you may run into, even if you’ve already upgraded your machines. Chip Card Scams Unfortunately, chip card scams are not uncommon. They include phone scams, invoice scams, and even tampering with physical …

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Credit Card Processing

Guardian Security Suite by TSYS

By Ben Dwyer

Note: Following TSYS’s acquisition by Global Payments, the Guardian Security Suite no longer appears to be available under that name. We’re leaving this article here for historical purposes, but it will no longer be updated. Any security services offered by Global will be covered in their own articles. Looking for something specific? Give us a …

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Credit Card Processing

The CurrentC Shutdown and What It Means For You

By Ben Dwyer

CurrentC was initially rolled out in a beta pilot program in Columbus, Ohio on September 15, 2015. A nationwide rollout was planned for 2016 but was canceled as the organization looks at other growth methods. Merchants who accepted CurrentC should inform customers that it’s no longer available. However, other forms of mobile payments are still …

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Credit Card Processing

Home Depot Lawsuit Against Visa and Mastercard

By Ben Dwyer

Wal-Mart filed a similar suit against Visa in May. The Security Problem According to Home Depot Home Depot accuses Visa and Mastercard of being more concerned with protecting their “inflated profits and dominant market positions” than in the security of payment cards used by consumers and “the health of the United States economy.” It alleges …

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Credit Card Processing

TSYS Card Compromise Assistance Plan

By Ben Dwyer

In response to this threat that can cripple or virtually destroy any retail business, Total System Services, Inc. (also known as TSYS) created a Credit Card Compromise Assistance Plan (C-CAP). This service can ease the financial risk and reassure business owners who accept credit cards at their retail locations and online. C-CAP protects them from …

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Credit Card Processing

Quick Chip to Help Speed Up EMV Transactions

By Ben Dwyer

Unlike magnetic stripe cards, chip cards inserted into the reader must stay there until the transaction is complete. In some cases, customers wait 15 seconds or longer for the authorization to go through once the cashier has hit the appropriate payment button. This creates a lot of friction, slowing the checkout process, increasing wait time …

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B2B

CardPointe by CardConnect

By Ben Dwyer

In July of 2016, businesses may have noticed a new fee on statements: the CardPointe fee. Charged by CardConnect, the CardPointe fee is a monthly charge that may be added to existing processing fees. What is it, does it affect you, and what are your options? Let’s take a look. What is the CardPointe fee? …

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Credit Card Processing

Square’s Transaction Fees and Equipment Leasing

By Ben Dwyer

In 2019, Square did away with its 2.75% rate in favor of 2.6% + 10 cents per transaction. Additionally, the company is now offering equipment leases, a practice that we generally advise against here at CardFellow. Read on to see what these Square fees mean, and what the leasing is all about. Square’s Per-Transaction Fee …

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Business Owners: EMV Chip Card Scams and Misleading Sales Tactics

Guardian Security Suite by TSYS

The CurrentC Shutdown and What It Means For You

Home Depot Lawsuit Against Visa and Mastercard

TSYS Card Compromise Assistance Plan

Quick Chip to Help Speed Up EMV Transactions

CardPointe by CardConnect

Square’s Transaction Fees and Equipment Leasing

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