17 years ago Allen Kopelman and Dave Burney were inspired to help business owners of South Florida with credit card processing. They wanted to provide a unique kind of concierge service so that businesses would not have to call a toll-free number and speak to someone they did not know. That is when Nationwide Payment [...]
We get phone calls every day – We are getting chargeback’s and we are losing them! What can we do? October 2015 – Liability Shift is causing merchant loses! Restaurants, Bars and Nightclubs who are not equipped with EMV are experiencing high amounts of chargebacks! – We have some places that are getting $1000 to [...]
After a few major conventions in the payment processing business have taken place, statistics are available on what is happening with merchants and EMV. Have a look at the EMV chart below Here are the top hurdles - from merchants Here is what NPS can do for merchants Q: Processor Readiness A: Our Processors are [...]
Despite growing risk many restaurants, bars, nightclubs, hotels and franchises are citing cost and inconvenience for not adopting more secure EMV/chipcard technology. We have developed these solutions with that in mind and made them affordable to any business. “According to a study by the Ponemon Institute, the average consolidated total cost of a data breach [...]
New Chargeback Rule - this is a must read! October 2016 A new rule from the Card Associations - they will NO Longer Accept photocopies of credit cards - You must do an Imprint - If you have a chargeback, you need to send in an imprint. This is a new requirement because the card [...]
On August 8th, 2016 and article in USA Today announced a breach! If your restaurant, hotel or nightclub has a Micros system this is important information that you must read. Check out the article here http://www.usatoday.com/story/tech/news/2016/08/08/oracle-point--sale-system-breached-report/88402014/ What should you do if you have a Micros System? 1-Change all of your passwords 2-Scan your system for viruses [...]
According to U.S. Department of Commerce data, since March 2015, Americans have spent more on dining out than buying groceries. Restaurant industry snapshot: In Q1 2016, Americans spent $158 million on restaurants and dining out versus $152 million spent on groceries in the same period. (Source: U.S. Department of Commerce) In 2015, the United States [...]
One of the issues many merchants are facing is the increased amount of chargebacks that they are getting in their businesses. The hospitality industry and luxury markets are two of the hardest hit merchant types. Chargebacks have been increasing and some merchants are taking loses that accumulate to thousands of dollars a month! If [...]
