Posted in Industry News.
EMV – New Class Action Lawsuit It has been our opinion that the implementation of the new EMV (chip cards) has been one of the most misguided, inefficient, mistaken prone, and poorly coordinated initiatives in recent memory, especially considering the stature of the companies behind it; namely the Card Brands (Visa/MC/Amex/Disc), the credit card issuers […]
Read MorePosted in Customer Support, Industry News and tagged with emv.
EMV Main Points EMV… can we say it again? EMV! We’re sure you’re aware of EMV (Euro/Mastercard/Visa) by now. Also known as “chip cards,” EMV processing is the way of the future, since card issuing banks have begun to embed chips in replacement credit cards. For merchants in a card-present environment, EMV can also help […]
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Card Losses Every once in a while we address some of the trends in card usage and industry fraud as a public service to our various stakeholders: merchants, partners, vendors, friends. The media often only reports on major card breaches, but rarely puts it into perspective of total usage, so here are a few facts: […]
Read MorePosted in Customer Support, Industry News and tagged with 1099, FAQ, support.
Annual 1099 Forms There are a couple of important reminders as we head into the new year: the first is that all Dharma MS merchants will be receiving annual 1099 forms via snail mail by January 31, 2016 as per the regulations passed by the IRS (which have been in effect since January 1, 2011). Since Dharma has used […]
Read MorePosted in Customer Support, Industry News and tagged with FAQ, support.
EMV: Converting Sooner than Later Maybe this blog should be named EMV – What’s Still New as we continue to advise and educate merchants about the Europay Mastercard Visa (EMV) initiative that continues to get a lot of press these days. This initiative only applies to card-present merchants accepting credit cards using a point-of-sale terminal or […]
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AMEX Violated the Law Earlier this summer, a federal court ruled that American Express violated the law by prohibiting merchants from influencing a cardholder’s payment choice. As a result, merchants may now favor any card brand, with some restrictions, such as: not making untrue statements about the cost of accepting Amex; not disclosing the relative […]
Read MorePosted in Customer Support, Industry News and tagged with FAQ, support.
EMV Lack of Preparedness EMV is … the … bane … of … our … existence these days! For those brick-and-mortar merchants that are affected by the migration of the card industry from mag swipe technology to chip-embedded cards, Dharma is flabbergasted by the lack of preparedness of our industry to make a smooth transition. […]
Read MorePosted in Industry News, Nonprofit and tagged with chip card, emv, nonprofit.
EMV – What is it? EMV stands for Euro – MasterCard – Visa. EMV is a set of standards designed by the credit card associations to help increase security and reduce fraud in the world of credit card transactions. EMV was initially adopted in Europe, over a decade ago (hence the name). It’s become the […]
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EMV, EMV, EMV We have addressed the coming of this chip card initiative a number of times, but due to industry-wide confusion, we will continue to address the relevancy and issues that surface. First and foremost, the acceptance of chip enabled credit and debit cards do not affect the way that card-not-present (e-commerce, mail and […]
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Beware of Verifone SCAM Dharma has been made aware of a scam that is relevant to our recent EMV Process posting. Dharma has been notified by one of the largest manufacturers of POS equipment – Verifone – that scammers posing as Verifone Help Desk agents are calling merchants to “test their payment terminals with phone cards.” Here’s […]
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