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Category: News & Events

September 26, 2018

Accepting Credit Card Numbers by Phone

credit card

Accepting credit cards by phone is risky business to begin with. Almost all fraud involves taking a credit card by phone. Unfortunately, accepting credit cards over the phone is a common practice so we must recognize the risks associated from your point as a vendor as well as the risk to your customer.   Safety First Fraud isn’t the only risk from a phone order. Never accept a credit card from someone when you know they are driving a vehicle. Ask them to call you back when they are no longer driving. The sound of metal crunching is an awful...Read more


August 8, 2018

We Are Mobile Payments

We Are Mobile Payments

What is a Mobile Payment? When you hear the term, “Mobile Payments”, what does it mean to you? Is it when you use your mobile phone to make a payment with Apple Pay? Does it mean you can wave your phone near a reader to pay? Does it mean you are buying something online using your mobile phone and paying for purchases in your eCart? In summary, it means all of these things and more. If you are not accepting mobile payments, you need to be and we will explain why you should accept mobile payments.   NFC Mobile Payment...Read more


August 1, 2018

Interchange Rates

money

Interchange Rates – Who Gets the Money? There is no doubt that accepting credit cards costs money. Money that comes right off your bottom line profit. There is also no doubt that Merchant Services Providers or more simply known as Credit Card Processors want your business. It’s a very competitive market out there. When any kind of vendor competes for your business, it results in favorable pricing for you, the “consumer” of the product or service. As the competition tries to undercut the price of competitors, this results in lower pricing for you. However, not all pricing can be negotiated...Read more


July 11, 2018

Should Your Business Accept Bitcoin Payments?

bitcoin

In the recent years, the term “bitcoin” has become more prominent in business discussion. If you are technically savvy, you probably have an understanding of this cyber currency. If you are like most, you probably have no clue. Have any of your customers asked if they can pay by bitcoin? If not, that probably answers the question about whether your business should take them or not. The day is likely coming that your customers probably will ask about these payments so consider this blog to be a basic tutorial.   What Is Bitcoin? Bitcoin is a virtual currency used to...Read more


June 8, 2018

Friday Fun Facts

FridayFunFacts

Rudest Obituary – Ever! Kathleen Dehmlow died May 31 at the age of 80. Her obituary makes it clear she will not be missed by her two children. The obit in the Redwood Falls Gazette has the usual stuff such as date of birth, her marriage and her two children. Then this: “In 1962 she became pregnant by her husband’s brother Lyle Dehmlow and abandoned her children.” It goes on to say that Dehmlow “will now face judgement” and “will not be missed by Gina and Jay, and they understand that this world is a better place without her”.  The message...Read more


June 1, 2018

Friday Fun Facts

friday

Car Sinks Into Cement in Cleveland A Cleveland driver made a wrong turn and found himself delayed when his car began to sink into wet cement. Kate Warren said she watched the man drive right onto the new and wet cement last Thursday. Crews were in the middle of pouring new concrete at the intersection of Euclid Avenue and East 9th Street in Cleveland when the mishap occurred. Warren watched crews work to free the car after its tires started to sink into the freshly-poured wet cement.   Message in a Bottle – Found 18 Years Later An 11-year-old boy...Read more


May 18, 2018

Friday Fun Facts

friday fun facts

Bounce House Flies Away With Child Inside A bounce house was swept away by a gust of wind last Saturday. A 9-year-old child was inside. The bounce house landed on a nearby highway in Southern California and slammed into a vehicle. The child was obviously well cushioned and suffered only minor injuries. Deputies said the driver of the vehicle that was hit was “shook up from the ordeal” but otherwise wasn’t hurt in the incident on State Highway 395 in Adelanto, according to the San Bernardino County Sheriff’s Department Roommate Killed For Talking During TV Show Dymund Ellis was really...Read more


May 2, 2018

The History of MasterCard

mastercard

In 1966, a group of California banks formed the Interbank Card Association (ICA). With the help of New York’s Marine Midland Bank, now known as HSBC, United California Bank (later known as First Interstate Bank), Crocker National Bank and Bank of California (now known as Union Bank of California) joined with the ICA to create “Master Charge: The Interbank Card”. The card was given a significant boost in 1969, when First National City Bank joined and merged its own “Everything Card” with Master Charge. As a side note, First Interstate Bank was merged with Wells Fargo who would go on...Read more


April 25, 2018

Samsung Pay Adds PayPal to NFC Payments

paypal

There is a chance that you might not even know what an NFC payment is. NFC stands for Near Field Communication. In other words, contactless payments such as Apple Pay or Samsung Pay. This isn’t new technology. It is technology that has been around in one form or another since 1997. Consumers have never really caught on the way it was intended. Whether you use your smartphone or an actual NFC credit card, the transactions are lightning fast and are safer than using an EMV card in a chip-reader. This week, Samsung adopted PayPal as another form of payment for...Read more


April 11, 2018

Signatures No Longer Required For Transactions

transactions

After harping on merchants forever about the importance of getting a signature for every transaction, we are about to change the rules. Well, it really isn’t Chosen Payments changing the rules as much as the card issuers such as American Express, Visa and MasterCard. Effective this month, all four of the major credit card brands are dropping the requirement to obtain a signature for credit card transactions. This is largely due to increased security enhancements and the implementation of EMV “chip cards”. By now, every credit card in the hands of a consumer has been swapped out with an chip...Read more