Entries By: Rana K. Williamson

"Rana K. Williamson, PhD, is a former college professor now working as a freelance writer and researcher. Williamson, 49, covers a wide range of topics for MerchantSeek.com with a particular interest in technology, the Internet, and the emerging business systems of the 21st century ."

Chase Introduces Flexible Future Proof Terminal - News

On June 27, Chase Paymentech, a subsidiary of JPMorgan Chase & Co. launched a new terminal called Future Proof designed to accept emerging forms of customer payments in a single, streamlined device. In particular, the terminal is intended to help merchants accept the EMV or chip card technology now the standard in Europe. Mike Duffy,… Read more »

8 Things To Consider When Signing Up For A Merchant Account - Article

The process of applying for a merchant services account to enable your business to accept credit card payments can be daunting and confusing. Here are eight things you should consider in comparing account services plans and rates. 1. Method of Customer Payment The primary decision driving the selection of a merchant services account is the… Read more »

New Technologies Driving Payments Away from the Use of Physical Money - News

According to the findings of a study conducted by the Internet & American Life Project at the Pew Research Center in conjunction with the Imagining the Internet Center of Elon University, mobile payments are set to replace the daily use of money by 2020. The report reads, in part, “people will come to trust and… Read more »

PayPal Here Goes Head-to-Head with Square for Mobile Payment Processing - News

Early in March, PayPal announced a new mobile credit card processing system called PayPal Here, which combines a smartphone app with a triangular reader that plugs into the phone’s microphone jack. Currently available for the iPhone and scheduled for Android availability, the PayPal Here announcement garnered a rush of sign-ups in the first 24 hours… Read more »

Visa Exec Decries Security of PayPal “Real World” Trial - News

On February 15, 2012, while speaking at a Goldman Sachs conference hosted in San Francisco, Jim McCarthy, the global head of products at Visa took aim at PayPal’s new mobile payment system, which the online payment provider is currently testing at a limited number of Home Depot Inc. stores. “I think there’s a real issue… Read more »

Enhanced Security and Efficiency with EMV Chip Card Technology - News

Although there are many reasons why the United States will benefit from the adoption of EMV chip technology for mobile and contactless payments, the effectiveness with which these devices prevent fraud is a primary consideration. There are no exact numbers to indicate the level of electronic credit card fraud in the U.S., but physical world… Read more »

New Smartphones Approved for use with VISA payWave - News

On January 10, 2012 Visa Inc. and Visa Europe made public their certification of a new range of NFC-capable smartphones that can be used with payWave, the company’s aptly named mobile system for point-of-sale payments. The new phones by Samsung, LG, and RIM have been added to the list of Visa-compliant payment products and can… Read more »

Upgrade Your Online Merchant Capabilities with a Merchant Cash Advance - Article

For any business that is beginning to handle credit cards online, the process of jumping up to this level of service can be exciting. You are now able to manage a greater volume of business in a much more professional environment. In a single movement forward, the size of your market can grow exponentially. But… Read more »