Those who run credit card processors should be able to identify what it is that makes those cards specifically a good choice for consumers, as it could lead them to observe important industry trends on their own and make smart moves as they gather more eager customers.
Month: April 2013
Owners and operators can keep a strong and constant vigilance about their credit card processing systems in order to protect their business.
A Facebook page that acted as a kind of hub for identity thieves was recently taken down, and it’s yet another sobering reminder of how easy it has become to propagate threats to credit card processors.
Ryanair is known for offering cheap flights to cash-strapped travelers, but a recent addition of credit card fees to purchases made through its online services have garnered criticism from other countries, as well as hundreds of thousands of euro in fines.
An article recently posted on the Michigan State University news site recounted an investigation into the ways hackers sell stolen credit card information.
An antitrust investigation is being undertaken by the European Commission into the fees charged to foreign card users within EU countries.
Though this blog has mostly been concerned with the use of POS credit card processors in stores to make sales, there are other ways this technology is being used in everyday life, especially in urban areas.
Over the past four months, Schnucks, a family of grocery stores with locations in states like Iowa, Indiana and (chiefly) Missouri, saw an alarming number of its stores targeted by malware that resulted in the credit card numbers of its users being leaked.
Last week, pop singer Justin Bieber began endorsing a system of cards geared towards his young fans and has appeared in promotional spots encouraging basic money management habits.
A bill championed by Michigan’s Republican representative Jeff Farrington may result in stores in that state being unable to apply fees to purchasers that use credit.