Merchant News

June 2014 - The lawsuit regarding the claim that merchants paid excessive fees to accept Visa and MasterCard cards because they allegedly violated antitrust laws has been settled effective 12/13/13. Although the settlement has not been funded, Cash...

Certification for active merchants has commenced for 2014 and complete attestation of compliance is due to Cash Management no later than 6/30/14. Summary of Documents to be Submitted to Cash Management : Executed Merchant Agreement - Merchant Agreement...

June 2014 - It is now known that the initial Target breach was traced back to network credentials that were stolen from Target’s HVAC subcontractor that has worked at a number of locations at Target and other top retailers. It’s not immediately clear why...

June 2014 - Otherwise known as EMV, this global standard for secure payments involves dynamic digital data in every transaction. This makes these types of transactions extremely secure and reduces the risk of fraud. EMV will benefit “Card Present’...