Blog – Page 17 – JLE Consultants

November 29, 2016

Categories

Payment Processing Tips

Are you taking advantage of Dodd-Frank?

Merchants, are interchange fees on small purchases killing your bottom line? Don’t forget that the Dodd-Frank Act of 2010 allows you to set a minimum purchase limit of $10 for all credit card transactions. You’ve probably seen one of these […]

November 22, 2016

November 22, 2016

Categories

Informational

A brief look at Visa

As a merchant, you accept Visa cards every day. How much do you really know about the company? Today we will profile one of the giants of the credit card industry. The company that we know as Visa, traces its […]

November 15, 2016

Categories

Tip of the Month

November Tip of the Month or why isn’t American Express accepted everywhere.

American Express is one of the largest credit card companies in the United States, yet it is common to see the phrase “Sorry, we do not accept American Express” when going into a store or online. You’d figure that a […]

November 8, 2016

Categories

Security and you

Fraud detection

Hopefully you have never received a call from your bank or your credit card issuer asking if you just purchased an expensive item from someplace that you have never been. If you have (and you weren’t the one doing the […]

November 1, 2016

Categories

Informational

The credit card capitol of the world

Think of the great financial centers of the world: New York, London, Frankfurt, Tokyo, Hong Kong, etc. Some of the largest cities in the world. None of them can really call themselves the credit card capitol of the world though. […]

October 25, 2016

Categories

Payment Processing Tips

A John Hancock is more than just a person

As a merchant you are on the front line of the war against identity theft. When processing a transaction, there’s probably one thing that you or your employees are not doing. Are you checking the signature strip on the back? […]

October 18, 2016

Categories

Is there such a thing as a strong PIN?

One would think that it could be easy to crack someone’s PIN. It’s only 4 digits, how hard can it be? If you are going to try, well good luck. Those four numbers give 10,000 different combinations for a PIN […]

October 11, 2016

Categories

Informational

Why is the magnetic stripe still around?

We all know that the changeover to the new EMV cards is taking a long time. Many merchants are dragging their feet over the costs of upgrading despite the liability shift that has already occurred. If you still haven’t upgraded, […]

October 4, 2016

Categories

Informational

Law and order

We read a lot in the news about credit card fraud. It is a sixteen billion dollar a year problem here in the United States alone. Yes, that was billion with a b. Part of the reason for the high […]

September 27, 2016

September 27, 2016

Categories

Security and you

Are RFID cards the answer?

Do you watch late-night TV? Chances are then that you have seen advertisements for RFID protecting wallets. Is that something that you might need? Check your credit cards to find the answer. RFID credit and debit cards were introduced in […]

September 20, 2016

September 20, 2016

Categories

Informational

In memorium: the magnetic stripe

Magnetic stripes have had their day. At one time they were top of the line technology. They were used to store data on early computers and to store audio recordings dating back to the days of World War II. If […]

September 13, 2016

Categories

Tip of the Month

Password protect your free wi-fi

Free wi-fi is a wonderful thing. You can do work away from home or just surf the web to pass some time. Heck I’m writing this article on free wi-fi right now. If you use free wi-fi a lot or […]