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The Official Merchant
Services Blog
The Official Merchant Services Blog
CVV Codes: Why do They Exist?
CVV (Card Verification Value) codes are either three or four-digit numbers that are printed on either the front or back of credit and debit cards. This system was created to provi...
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Discover “On Us” Program Update
Last fall we wrote about the new Discover “On Us” Program that allows merchants that are new to accepting Discover to defer the cost for a whole year. For many businesses the s...
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Upcoming SBA Rule Changes to Affect Small Businesses [2023 Update]
During the events at National Small Business Week the Small Business Administration announced upcoming changes due to take effect on July 22, 2013. These changes shift what defines...
Read MoreBitcoin: The Hidden Danger to Your Business
Bitcoins (BTC) are a growing new form of digital currency created in 2009 by Satoshi Nakamoto, who envisioned them as a peer-to-peer, electronic cash system. His goal was to create...
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Update on Visa & MasterCard Settlement [2025Update]
The Visa MasterCard Settlement that was reached last fall in the class-action lawsuit between Visa and MasterCard and a large group of retailers is still being argued over. The la...
Read MoreFirst EMV ATMs to Go Live in the U.S.
Just a few days ago we gave a brief overview of what EMV chip card technology is. With the payment technology firmly in place in almost every other region than the U.S. the only ne...
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$500 million Processed Through Mobile Wallets in [2023 Update]
U.S. consumers spent over $500 million through mobile wallets on their smartphones last year. While this is miniscule as compared to the overall merchant services industry, where t...
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Mobile Payments at Farmers Markets [2023 Update]
I recently stopped down at the Cherry Creek farmers market here in Denver and noticed a couple things. One, there are way more vendors that have setup shop at this event than in ye...
Read MoreWhat is EMV Chip Card Technology?
EMV® is a worldwide standard for credit and debit card payments based around the use of chip card technology. The acronym stands for Europay, MasterCard, and Visa, who collaborate...
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