Posted in Customer Support, Industry News and tagged with Bin-2, mastercard.
BIN-2 Mastercard Update You may have heard about the new “BIN-2” – aka “Mastercard” update. Recently, Mastercard has started allowing issuing banks to create Mastercard accounts with a new numbering system. In the past, all Mastercard account numbers always had a “5” prefix. (Similarly, Visa always starts with a “4”, AMEX always starts with a […]
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Purpose & Business I recently returned from the Conscious Company Leaders Forum conference, which was held at a wonderful new learning center in Scotts Valley, CA called 1440 Multiversity. This small gathering drew participants from around the globe who are committed to the new green economy, the triple bottom line model, the social responsibility movement, […]
Read MorePosted in Dharma's Culture, Dharma's Giving Back, Industry News, Social Responsibility.
Interview with Dharma COO Recent Cardrates.com interview with Dharma’s Nick Bencivenga: “As the move toward a cashless society accelerates, businesses are evolving to accept an array of payment methods. While the field is competitive, one payments processor is prioritizing the planet over profits. Dharma Merchant Services looks to not only streamline payments for businesses with its Interchange-plus […]
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The Present Parent Handbook We’d like to introduce a very special book just released by a Dharma friend, Dr. Timothy Dukes: The Present Parent Handbook – 26 Simple Tools to Discover That This Moment, This Action, This Thought, This Feeling is Exactly Why I’m Here. The role of a parent is more demanding than ever. […]
Read MorePosted in Dharma's Giving Back, Nonprofit, Social Responsibility.
Special Operations Warrior Foundation One of the reasons that Dharma Merchant Services exists is to be of benefit to our community in a meaningful manner, and one of the ways we have fulfilled that commitment from the very first year is to donate a large proportion of our profits to charitable organizations, through our Giving […]
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A Little History This past March, Dharma Merchant Services celebrated its ten-year anniversary. A little history: I began working out of a spare bedroom in San Carlos, California, but quickly came to the conclusion that working from home simply wasn’t for me, as it seemed like every incredibly important phone call was interrupted by either […]
Read MorePosted in Merchant of the Month, Nonprofit, Social Responsibility.
Merchant of the Month – Plow to Porch Organics Dharma has boarded hundreds of new merchants already this year, but one of our standouts is Plow to Porch Organics in Santa Barbara, California. There are many companies with the model of delivering weekly boxes of food to subscribers, but we have never seen one with […]
Read MorePosted in Customer Support, Industry News and tagged with AVS, batching, best practices, contract, fraud.
Relationship & Responsibilities As your Merchant Service Provider (MSP), it’s Dharma’s job to ensure that your accounts are registered with the card brands, and to help you accept payments with as little risk as possible. Ultimately, the risk of payment acceptance is your responsibility, but we provide the tools you need to safely and securely […]
Read MorePosted in Customer Support and tagged with account updater.
Account Updater Feature Using Authorize.Net One of the new services we’ve been anticipating for merchants using the Authorize.Net payment gateway for recurring billing (also known as subscription billing) is Account Updater, which is being released this month (May). This new service automatically connects to a database and verifies cardholders’ numbers to detect when a card […]
Read MorePosted in Industry News and tagged with industry practices.
Appalling, but True There is a breaking news story in the payments processing industry that is worthy of mentioning as an example of the negative industry practices (and reputation) that are relevant to our stakeholders. The full story is on the U.S. Department of Justice website, and the gist is that a credit card processor […]
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