The court heard arguments in early 2018 and ruled in late June. Let’s look at the arguments on both sides and the results of the case. Ohio v. American Express American Express’ merchant agreement includes an “anti-steering” clause that prohibits businesses from encouraging customers to use a lower cost card when they try to pay with an America...

In this article, we’ll take a look at what Venmo is, current acceptance options, and the company’s plans for business acceptance to answer the question, "Can I take Venmo at my business?" What is Venmo? Venmo is perhaps the best-known app in the payments splitting space. Venmo was acquired by PayPal as part of Braintree. Users can link a bank a...

Some people think that "high risk" applies to "vice" businesses - things like alcohol, firearms, and adult entertainment. While those often are high risk, they aren't the only ones, and the reasons why have little do with processors' opinions on the business. In this article, we’ll talk about industries that are considered high risk and how you ...

There are several good techniques for fighting fraud, including biometrics and multi-factor authentication, but alone, they aren’t enough. Instead, payment providers and the card networks need to dig into the vast amount of payment information that’s produced every day to find patterns that indicate likely fraudulent activities. They can then us...

Let's take a look at what you'll need to do if you want to accept only one type of card. What is Visa Limited Acceptance? The Visa Limited Acceptance program allows businesses to choose to only accept certain types of Visa cards. As you can see from this excerpt from Visa’s Core Rules, a business can choose to accept either Visa credit cards or...

For most businesses, the problem with ensuring optimal interchange is that it’s confusing, and your processor has no incentive to assist you. The time needed to learn the ins and outs of interchange in order to ensure you're properly optimized is significant, and since the savings only benefit you, not your processor, you're usually on your own. Ho...

Credit and debit card fraud cause losses in the billions. Anything that can reduce the impact of fraud will significantly improve confidence throughout the payments marketplace and save businesses money. One potential way to fight fraud is through the use of biometrics — your uniquely identifying personal features like fingerprints, voice, face, or...

We expect money transfers between buyers and sellers to take days, not minutes. But is that reasonable in a world where so much of what we do is instant? When we can get customer support, social media updates, responses, or communications within moments of our requests, why do payments take so long? Fortunately, this could be about to change. Th...

Let’s take a look at what the lawsuit claims and what you can do if you process credit cards through Wells Fargo Merchant Services. Wells Fargo Lawsuit The lawsuit - Patti’s Pitas et al v. Wells Fargo Merchant Services - filed in August 2017 in New York, alleged that Wells Fargo charged unauthorized fees and failed to deliver on promises that i...

One way that dental practices can become more efficient is through using good dental practice management software. Carestream Dental provides several dental practice management solutions. In this review, we’ll take a look at some of the options, explore features and functionality, and help you decide if it’s a good fit for your dental practice. Ca...