American Express Opt Blue processing fees cheaper than other card brands?
An update to this post, American Express Opt Blue has lowered the costs a business pays to accept an American Express card. HOW DOES AMERICAN EXPRESS OPT BLUE SAVE MY BUSINESS MONEY? Opt Blue, when offered by a credit card processor, is full acquiring just like Visa, Mastercard and Discover have been doing for years. With American Express Opt Blue, interchange and assessments, plus margin are passed through to the [...]
Stillwater Payments formerly DonUp
Donup is now Stillwater Payments. We want to thank all of our loyal clients for sticking through us with this name change. The only thing that changed is the name. If you were on a donation plan with Donup, you will continue. Stillwater Payments will honor the donations. We have simply named the donations or the giving back, Swipe a Card. Change a Life. We are focused now more than [...]
EMV credit card terminal; does it really Protect your business?
Fraud losses totaled $5.2 billion in the US or 7% of transactions according to a CNBC article from July 2015. There is a proven way to help stop most retail fraud in credit card processing. The solution to eliminate most of the retail fraud is EMV. EMV stands for Euro, Mastercard, Visa. The organization includes all major card brands, today, and it is called EMVCO. EMV credit [...]
Hypercom equinox credit card terminal problems
Recently, Hypercom or Equinox credit card terminals have come to their EOL or end of life, due to firmware needing to be updated, when possible. The firmware version is no longer able to allow processing. If the Hypercom Equinox credit card terminal will allow for a firmware update and it takes the update, one is in the clear. The terminal typically stops processing after a restart or power cycle. If [...]
Upgrade to an EMV credit card terminal and get 100 back
Upgrade to an EMV credit card terminal before 4/30/15 and you are eligible for a $100 rebate. EMV credit card terminals are more secure and process a variety of payment methods, including EMV or chip enabled cards, NFC (Apple Pay), magstripe cards, and pin entry cards. EMV is already here. EMV chipped credit cards have been in Europe and Canada and other parts of the world for years now. EMV [...]
NFC on the new iPhone 6 & 6 Plus + Apple’s mobile wallet Apple Pay
Apple takes NFC mainstream on iPhone 6; Apple Watch with Apple Pay Apple will help consumers say buh-bye to plastic credit cards with the NFC-enabled iPhone 6, iPhone 6 Plus, and Apple Watch using its new mobile payment service Apple Pay. Apple introduced its NFC-based mobile payment system Apple Pay for the iPhone 6. Apple wants to turn your iPhone 6 and Apple Watch into a virtual wallet that could [...]
Credit card security and possible card breach being investigated for…
Home Depot Investigates a Possible Credit Card Breach If the evidence proves to be valid, the Home Depot hack could top the record-setting breach of Target’s network last December. So far, all roads point back to Home Depot. And if the evidence uncovered so far proves to be valid, the hack could top the record-setting breach of Target’s network last December. Investigators are searching for what they call “a common [...]
Who is Jeremy Ochsner?
CEO, Stillwater Payments | Helping clients reduce processing fees and avoid rate increases and egregious lease schemes