Submitted by Adam Nimmo on Mon, 08/02/2010 - 8:51am
They don't often agree on much, but when they do it could prove a huge blow. Such is the case as they team up along with T-Mobile USA to take on Visa, MasterCard and the like in hopes of bringing mobile payments to smartphones. The new system is being tested in Atlanta and 3 other US cities and allows users to simply swipe their smartphone to make retail payments. This could be a huge move in the smartphone market, giving us one more "all-in-one" use for our devices.
As unemployment rates soar and consumer spending shrinks accordingly, payment processors report that e-commerce chargebacks stemming from friendly fraud are increasing significantly. Friendly fraud is committed when a consumer who wants to escape liability for payment claims a valid credit card transaction was unauthorized.
Reminders on getting the lowest rates when processing credit cards… Remember that the more information captured the lower your rates will be. Below is the hierarchy of transactions from lowest to highest.
Although chargebacks cannot always be completely avoided, there are steps you can take to help prevent them. The more you know about processing procedures, the less likely you might be to do, or fail to do, something that could result in a chargeback.
Tips for Internet and Mail Order/Telephone Order (MOTO) Businesses
Use the Address Verification System (AVS) to ensure that your customer is providing you with the correct billing address.
When sending merchandise to a customer, use a shipper that will be able to provide proof of
In today's Financial Services Industry there are more than a handful of companies who claim to offer wholesale rates for your Visa/MasterCard processing. As part of SwipeNow's dedication to service and support we will gladly look over any proposals quoted to your business and explain it in depth. More often than not we uncover hidden charges, if however this is not the case we would like the opportunity to maintain our business relationship by offering a price match to the rates being offered.
"We process card payments for three (3) separate companies, switching to SwipeNow has made the processing very easy. They are available 24/7 to help with any questions or concerns. Adam has been irreplaceable with his constant help and support. One of the few companies that still believe in "Customer Service" and stand behind it."
Lynn Reid
Property Manager
Cascade Storage and Vacation Rentals
