Archive for the ‘Debit Cards’ Category

Would you use your smartphone to pay for gas at the pump?

Tuesday, October 15th, 2013

Verifone and the National Payment Card Association (NPCA) are rolling out a new product that would be just like Cumberland Farm’s SmartPay application which was built by the NPCA.

Regulated debit card transaction fees in the spotlight again!

Monday, August 12th, 2013

On July 31st the Supreme court struck down the Fed’s 2011 ruling on Regulated Debit interchange fees. The Fed had (more…)

Would you use your iPhone to pay at the checkout with NFC?

Friday, June 14th, 2013

Cashless Public Transportation

Monday, April 22nd, 2013

The London government is looking at eliminating the acceptance of cash for all of its public transportation systems. If the pilot work out it will be used as a model for other cities throughout Europe. (more…)

What type of security would you like to see with your credit or debit card?

Friday, November 16th, 2012

A lot of consumers are looking to see better security measures with the increases in identity theft and credit/debit card fraud. MasterCard has just come out with a new credit card in Singapore called, the MasterCard Display Card. This credit card has a display screen, keyboard, and on/off button all within the current size of credit cards today. This will allow the cardholder, when making online purchases, to create a unique pass code that needs to be processed with the card at the time of an online purchase. The customer will do this by typing in their pass code on the keyboard and the one time code will then be displayed on the screen. Click the following link to read the full article: http://www.pcmag.com/article2/0,2817,2411874,00.asp

The Importance of Having an Encrypted Card Reader for Mobile Processing

Thursday, October 25th, 2012

Many clients ask if it is a secure transaction if they take payment via a card reader on their smartphone or mobile device. They want to make sure that their customer’s information is protected and they want to make sure that their business is processing cards in the safest manner.

When working with Commonwealth Consulting Group, the answer is, yes! We make sure to set all of our clients up with a SSL, HTTPS & PCI-DSS secure gateway. In addition, all of the card readers that our clients use are fully encrypted. Encryption protects against hacking or skimming devices that thieves may use to steel credit or debit card information. With the acceptance of credit and debit cards on mobile devices becoming more prevalent, it is imperative as a business or consumer that you are using and paying on encrypted card readers. There are a lot of companies that are spending a lot of money advertising their mobile processing offerings, however, the card readers they give their clients are not encrypted. The attached link talks about one such company and how a thief could steal credit card information using audio jack dongles that attach into many smartphones and tablets. Click on the link to read the article http://ow.ly/eLgnS