Blog

Latest Posts

September 2, 2015

Credit Card Processing 101: How to Protect Your Company from Charge-Backs

Charge-backs are a common credit card processing issue. Because charge-back fees accumulate fast, they can be very damaging, especially for small businesses. Fortunately, there are viable options for protecting your company from these unwanted expenses. What are Charge-Backs? A charge-back occurs when a credit card user contacts the issuer to dispute a charge and the dispute is deemed valid. As a result, the purchase dollar amount is reversed from the merchant’s account. Common disputes consist of ordered merchandise not received, false/poor representation of a product/service, substandard quality, incorrect billing, or unauthorized charge. As the business owner, you get charged not...Read more


August 26, 2015

The Most Common PCI Compliance Myths You Probably Still Believe

When you own and operate a small business, the last thing you want to spend your time on is understanding all the tiny details about EMV® systems and PCI compliance (Payment Card Industry) regulations. The thing is, the industry of credit card authorization and payment processing systems really wouldn’t be so complicated — if only everyone knew fact from fiction and was confident in their check guarantee companies and credit card merchant processing services! To help you out just a little bit more, here are some of the basic myths surrounding PCI compliance rules, so that you can make better...Read more


August 19, 2015

Fending off Credit Card Fraud in 10 Easy Steps

As of 2012, 72.1% of consumers had credit cards. Recent surveys show during the last five years, 27% of cardholders worldwide have been victims of credit card fraud. The credit industry is not perfect. For instance, credit card authorization and settlement processes can take up to 30 days to clear. That’s ample time for unauthorized purchases to occur. But there are ways to protect against fraud. 1. Keep Credit Cards Safe You should always know where your credit and debit cards are located. If you don’t keep all your cards on your person, then place them in a secure location...Read more


August 12, 2015

How Do EMV® Solutions Help Americans? Number 3 May Surprise You

For many years now, debit and credit cards in the United States have been swiped thanks to the magnetic strips on their backs. But what many credit card companies and merchants didn’t realize was that this method opened consumers up to fraudulent charges on their credit cards and bank accounts due to minimal security features. As companies struggled to find solutions, 63% of merchants also dealt with credit card data breaches with their chip-and-pin machines by adding more security or plan to soon. As a result, more credit cards now feature EMV® solutions that do away with the magnetic strips...Read more


August 5, 2015

How Much Will EMV® Chip/PIN Technology Cost to Implement?

In Senate hearings on credit card security held this past February, it became very clear that virtually everyone involved in the payment chain is responsible for protecting credit card processing systems. For example, up-to-date security must be provided by credit card issuers and banks. In addition, secure payments need to be properly handled by each credit card processor, payments need to be accepted in a safe manner by merchants, and customers need a way to obtain a new EMV® card. Although the new EMV® chip and PIN system is not currently available throughout the United States as it is in...Read more


July 29, 2015

Credit Card Processor Turned Super Sleuth for the Livery Industry!

In this month’s Chauffeur Driven Magazine, there was a great article on one of the biggest fraud stings in our industry.  Our own President, Jeff Brodsly and the Chosen Payments team were instrumental in foiling an ongoing credit card scam brought about by Charlie Barbero.  His “M.O.” was using expired credit cards to stay at high-end hotels and book luxury chauffeured transportation. When the card would come up as declined when the company would attempt to run the card, Barbero would claim to contact the credit card processor company, and would provide a so-called “offline authorization,” which was fake. The credit card processor would...Read more

Recent Posts