A graduate of New York University, Jane Meggitt is a former staff writer for a major New Jersey newspaper chain. Her work has appeared in dozens of publications, including LegalZoom, USA Today, Zack’s and The Motley Fool.

Accounting and Finance, Credit Card Processing

Verosa for QuickBooks Integration

Businesses can take payments through the terminal and post them automatically to QuickBooks. Verosa’s payment terminals allow customers to swipe cards via most USB card readers. The software is easy to use, and is designed for QuickBooks-using merchants seeking alternative processing avenues rather than have their credit card processing accounts with QuickBooks/Intuit. It’s unclear if Intuit…

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No matter their size, merchants want the most economical way to process customer credit cards. Verosa, based in Vancouver, Washington, hosts a payment terminal specifically for QuickBooks®.

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Credit Card Processing

Square Cash for Bitcoin

Jack Dorsey, the founder of Twitter, is also the founder of Square Cash and serves as CEO of both companies. It was on Twitter that these customers announced the existence of the new feature, bringing it to public attention. Bitcoin prices soared after the Square Cash project came to light. For the year, Bitcoin is…

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Bitcoin is booming, and other companies want to capitalize on the cryptocurrency’s appeal. One such company is Square Cash, which recently began allowing certain customers to buy and sell the alternative currency.

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Credit Card Processing

What is the NACHA API standardization?

Now the governing body NACHA – formerly known as the National Automated Clearing House Association – aims to change that by launching the API Standardization Industry Group (ASIG) to develop an “API Playbook.” Let’s take a look at what API standardization would mean and how it would function. What is an API? Using APIs What…

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While application programming (APIs) have long been basic components of communication between different apps, there is not yet standardization for them.

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Credit Card Processing, Specialty Businesses

Credit Card Processing Restrictions on Marijuana Businesses

In 2016, Alaska, California, Maine, Massachusetts, and Nevada voted to legalize recreational marijuana. While medical marijuana has long been available in the Golden State, with fairly flexible prescription standards, legalizing recreational marijuana in California is predicted to bring in billions. So can credit card processors and banks ever get a piece of the marijuana pie,…

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The legal marijuana industry is incredibly lucrative, but customers have little choice but to pay cash for their weed. That’s because while recreational marijuana is now available for sale through dispensaries in three states – Colorado, Oregon, Washington – as well as the District of Columbia, it’s not legal on the federal level. In fact, the federal government lists it as a Schedule I drug, considered as dangerous as heroin.

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Security and PCI Compliance

Trustwave Security Solutions

Credit and debit card fraud is a multi-billion dollar crime industry, with issuers absorbing roughly 60 percent of the annual losses and businesses hit for the other 40 percent. Trustwave offers multiple services for businesses, but for the purposes of this article we’ll focus on PCI compliance and payment services. Introduction to Trustwave PCI Compliance…

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Cybersecurity firm Trustwave provides businesses with tools for data protection and risk reduction in the fight against digital crime.

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Accounting and Finance, Business

Beginner’s Guide to Profit and Loss Statements (P&Ls)

You’re excited about the creation of your business. Your hard work is coming to fruition and your business is going live. Even if your entrepreneurial spirit isn’t particularly geared toward financial accounting, it’s a crucial part of your business’ success or failure. Fortunately, there are P&L templates available, and accountants are very accustomed to helping…

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No matter what items you sell or services you provide, a profit and loss statement (P&L) is essential and required by the Internal Revenue Service.

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Credit Card Processing, Security and PCI Compliance

PCI Qualified Security Assessors, QIRs and PCI DSS Compliance

Let’s look at what the requirements are, and how you can become and stay compliant. The Acronyms Level 4 Merchants New Visa QIR and PCI Validation Requirements Requirements in Detail The Acronyms When it comes to credit card security, a dizzying list of acronyms like PCI, QSA, and QIR have even the most savvy business…

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January 31, 2017 marks changes to security requirements for small businesses. Specifically, you’ll need to validate PCI compliance and ensure that you’re only using qualified companies (QIRs) to install and provide tech support for your POS system. Not meeting the requirements has many possible repercussions. In addition to opening your business up to security breaches and hacks, you could be fined by your processor or lose your merchant account.

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Credit Card Processing, Legal

Home Depot Lawsuit Against Visa and MasterCard

Wal-Mart filed a similar suit against Visa in May. The Security Problem According to Home Depot Credit Card Companies’ Reactions The Monetary Problem According to Home Depot No Option Are PINs the answer? Prayer for Relief Visa and MasterCard Respond The Security Problem According to Home Depot Home Depot accuses Visa and MasterCard of being…

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It’s a case of a home improvement retail giant versus two network payment processing behemoths. In mid-June 2016, Home Depot filed an antitrust lawsuit in federal district court in Atlanta against Visa and MasterCard, alleging credit card security is inadequate and exposes retailers and customers to hacking.

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