Credit Card Gist

Smooth, even, steady… Apparently Square not only lets you accept credit cards, but it also makes you look cool to the opposite sex.

This is a video Square’s co-founder Jack Dorsey (of Twitter fame) used at this year’s DEMO conference. It stars Jackson Walker and a speechless blond.

(Via YouTube.com)

Accept card payments quickly and safely

Accept credit and debit card payments at the lowest processing costs. You will get:

• Free merchant account set-up.
• No fixed monthly fees.
• 24 / 7 customer support.

AT&T, Verizon and T-Mobile are teaming up to compete with credit card companies by allowing customers to pay for products with their smartphones.

The mobile carriers plan to use Discover, the fourth-biggest credit card processing network, and British bank Barclays to process the transactions.

The service will first be tested in Atlanta and three other U.S. cities.

(Via YouTube.com)

Learn how to minimize chargebacks and fraud

Learn how to minimize chargebacks and reduce your processing costs. The Chargeback Management kit contains a video and an e-book:

• E-Book – Chargeback Manual (40 pages).
• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).

Your cell phone bill and credit card bill may soon be one and the same. AT&T and Verizon Wireless are said to be planning a venture to replace credit cards with smart phones, taking aim at Visa and MasterCard.

Bloomberg News has reported that they will test the technology at stores in Atlanta and three other cities. It would work like Visa’s contactless technology, allowing customers to pay by simply waving their phones.

(Via ABCNews.go.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
• E-Book – Payment Card Acceptance Guide (19 pages).

AT&T is the latest entrant into the $68 billion mobile credit card processing industry. The company has announced a partnership with wireless credit card payment company Apriva to support credit and debit card transactions for all of the carrier’s smartphones.

Credit card payments would be accepted through two new applications, AprivaPay and AprivaPay Professional, which would turn smartphones into point-of-sale devices that accept credit and debit card transactions, AT&T claims.

The service starts at $14.95 a month per phone line, in addition to applicable monthly voice and data costs, according to AT&T’s website. The AprivaPay Professional plan would cost $19.95 a month.

The mobile payments industry is projected to grow by more than 50 percent a year for the next five years, reaching more than $600 billion worldwide by 2014, according to Generator Research, an independent market research firm.

(Via PRNewswire.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
• E-Book – Payment Card Acceptance Guide (19 pages).

Twitter co-founder’s new mobile payment company has just announced it suspends shipments of the reader that enables users to take payments until it sorts out fraud and chargeback issues. Jack Dorsey unveiled Square in December of last year, amid much fanfare, promising it would change the way credit card processing is done.

Many industry insiders saw it differently, saying that Dorsey just didn’t get the complexities of the industry and how challenging fighting fraud actually is. Now it seems like Square has conceded this point. “We need to strengthen our underwriting infrastructure so that we can handle the huge demand for readers and still manage the risk of chargebacks and fraud,” Dorsey wrote in a letter explaining the reasons for the suspension of the hardware shipments.

“The way we are handling the risk of chargebacks and fraud is through transaction limits, but we have received feedback that those limits are too low. We are rethinking and expanding our underwriting infrastructure to address this issue,” Dorsey added.

(Via SquareUp.com)

Learn how to lower your card acceptance cost

Learn how to accept credit and debit cards at the lowest processing costs. The Payment Card Acceptance kit contains a video and an e-book:

• Video – Card Acceptance Best Practices for Lowest Processing Costs (18 min).
• E-Book – Payment Card Acceptance Guide (19 pages).