Merchant Warehouse Announces the 2013 Q4 State of the Payments Industry Report

Merchant Warehouse | VIEW PROFILE

December 16, 2013

2013 Q4 State of the Payments

The payments industry is changing at a rapid pace, bringing new technologies to the merchant countertop that will forever change the merchant-consumer interaction. To help retailers more effectively navigate the changing payments landscape, Merchant Warehouse, a leading...

Inside PCI Compliance – What You Need to Know

Markiyan Malko | VIEW PROFILE

September 12, 2012

PCI Compliance

The compliance standards for the Payment Card Industry Data Security Standard, or PCI DSS, are a set of rules that any merchant, bank, financial institution or any other entity that transmits, processes or stores sensitive cardholder data must follow. PCI DSS compliance...

An Introduction to PCI Compliance and PCI Security Standards

Shannon Andrade | VIEW PROFILE

May 31, 2012

Credit Card Security

Credit Card Security InformationThe credit card processing industry has been in the news quite a bit over the past several years due to security breaches and data theft. You may have read or seen news reports of some of the larger breaches such as those that recently occurred to...

Visa & MasterCard Rules and Regulations

Shannon Andrade | VIEW PROFILE

May 31, 2012

Credit Card Rules and Regulations

As a merchant accepting MasterCard® and Visa®, there are basic card acceptance rules that you must follow. By adhering to these rules, you can increase customer satisfaction and ensure that you do not run into compliance issues, which may put your continued ability to accept...

The Durbin Amendment

Merchant Warehouse | VIEW PROFILE

September 1, 2011

Durbin Amendment

The Durbin Amendment is Section 920 in the Dodd-Frank Wall Street Reform and Consumer Act, which is part of the broader Financial Regulation Reform and Consumer Act passed by the Senate in May 2010.The Durbin Amendment was included in the Dodd-Frank bill by Senator Richard...

Interchange fee crawls off the mat, passes muster in Washington

Patrick Turiano | VIEW PROFILE

July 9, 2011

Patrick Turiano |

Consumers get ready to feel the pinch.On Wednesday the Senate voted to allow the Federal Reserve to limit the fees that stores pay banks each time a shopper swipes a debit card. That fee will be capped at 12 cents, far lower than the current 44 cents being charged...

Wal-Mart wins, consumers lose, and we all pay

Patrick Turiano | VIEW PROFILE

July 6, 2011

Patrick Turiano |

With all that has happened last week in terms of the Durbin Amendment we’re still making heads and tails of what this will mean.Right from the moment the new .21 cent fee was announced, we immediately identified consumers as the loser in this battle.As our co...

Durbin Refusing to go Down for the Count

Patrick Turiano | VIEW PROFILE

May 4, 2011

Patrick Turiano |

Sen. Richard Durbin is not going away quietly, and neither is the amendment he authored in the Dodd-Frank Financial Reform bill.Last week, Durbin responded to a letter from the American Bankers Association to Congress reiterating its desire for Congress to hold an...

What the Survey Says is not good

Patrick Turiano | VIEW PROFILE

April 26, 2011

Patrick Turiano |

In our reading we came across an interesting article that was published in InformationWeek. The article states that 67% of regulated companies are not in full compliance with the Payment Card Industry Data Security Standard.Wait, what?Most commonly known as PCI, the...

Senate repeal of 1099 reporting rules - does it affect your business?

Peter Brau | VIEW PROFILE

April 12, 2011

Peter Brau |

The Senate voted Tuesday (April 5, 2011) to repeal the expanded 1099 information reporting requirements in last year’s Patient Protection and Affordable Care Act (PPACA) that require businesses report every expense they incur over $600 to the IRS. The measure passed the...