Electronic Payments
Recent Activity
Anand Goel (CEO, Optimized Payments Consulting)
If a business starts accepting credit and/or debit cards for payment, inevitably it will get a chargeback, and for any business chargeback becomes a dirty word. Each card network -- Visa, MasterCard, Discover, and American Express -- has its own rules, codes,...
Anand Goel (CEO, Optimized Payments Consulting)
EMV is an acronym for Europay, MasterCard, and Visa, and represents the 1994 founders of the global standard for credit and debit payments based on chip card technology. Today, Europay is owned by MasterCard and EMV standards are set by EMVCo, a joint venture of Visa,...
Anonymous (Controller)
Anand Goel (CEO, Optimized Payments Consulting)
The cost of processing low value debit card sales (transactions less than $15.00) has dramatically increased for merchants since the implementation of the Durbin amendment on October 1, 2011. While this new regulation caps the debit interchange fees for regulated...
Anonymous (Accounting Manager)
David Nordella (Managing Director, Provider Finance Associates, LLC)
Healthedge, a healthcare software provider, released a survey that states that a majority of payers are preparing to support new healthcare models. Plans for an Accountable Care Organization model (ACO) is in the works at 54.4% of the payers. A Payment for...
Chris Sommerfield (Director of Finance)
I am interviewing for a company who will be initially using credit cards to receive payments for a high volume, subscription based SAAS software product. Has anyone been in this situation? What about reconciling over 1,000 credit card payments or more a month...
Anonymous (Analyst)
We are thinking of adding RDC to our payment options. Is anyone using it? What types of poblems have you encountered?
Anonymous (Treasurer)
Brittany Peirano (CPA, Owner, BrittanyPeirano,CPA)
I am working with a payment processing company to process my clients’ payments online. This company, in all of my history working with payment processing companies, has by far the worst customer service I have ever encountered. I have only received one, and I mean...
