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 [...]
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 [...]
EMV – which stands for Euro-pay, MasterCard and Visa, the three companies that started this standard –is the Global Standard for chip technology used to authenticate credit card transactions. This technical standard revolves around smart payment cards as well as the payment terminals and ATMs that accept them. What is a Chipcard? A Chipcard is [...]
Six months after the October 2015 Liability Shift – merchants are experiencing a harsh reality – there was more fraud going on than they knew about… and now the chargebacks are running like a leaky faucet. Seven months in and many businesses with Computer Point of Sale solutions are still hearing from their dealers that [...]
