Processing News

Compromised Intuit accounts have left business owners on the hook. Starting in late 2015, a growing number of Intuit Merchant Services and QuickBooks Payments users have publicly claimed that their merchant accounts were compromised by an unknown third party. These hackers discreetly changed the merchants' account settings, initiated fraudulent transactions worth tens of … [Read more...] about Intuit Merchants Report Costly Account Hacks

You may need to contact your web developer to comply with Authorize.net's impending changes. Authorize.net, one of the most commonly used third-party payment gateways in the U.S., has announced that it will be making some technical updates in the coming months. The changes will not affect most e-commerce merchants, but they could impact business owners who are using … [Read more...] about Authorize.net Announces Technical Updates for 2016

The three largest card issuers are changing their fees. Credit card processors are currently alerting their merchants to upcoming policy shifts that will take effect at Visa, MasterCard, and Discover after April 15, 2016. These new rules are minor tweaks to the companies' current protocols and fees, but merchants should take note in order to avoid confusion and remain in … [Read more...] about Visa, MasterCard, Discover Announce Policy Changes for April 2016

Earlier this week, the National Automated Clearing House Association, or NACHA, released a proposal outlining a possible roadmap for upgrading existing ACH networks to enable same-day bank transfers by September 2016. The proposal, which is open for comment through February 5, 2015, is the most detailed document yet showing how banks plan to improve the industry's current … [Read more...] about NACHA Proposes Same-Day Bank Transfers by September 2016

American Express has a well-deserved reputation among merchants as the more expensive alternative to Visa and MasterCard. This is because the company sets its own rates for credit card processing and has historically not allowed merchant account providers to alter or customize these rates in any way. As a result, American Express has long been perceived as an unnecessary … [Read more...] about American Express finally offers interchange-plus pricing through its OptBlue program