Visa mobile is a new service just for chase Visa Credit and Debit card holders. Visa is currently testing this on T-mobiles Googe smartphone. You can view your Visa card balance all the time on the phone. You also get offers dlelivered to your phone from several merchants.

I would not be interested in a service like this. Its too big brotherish for me. If you loose your phone someone can pick up your cell phone cand get all of your account information.

Would people really be interested in a service like this?

Here is an article introducing the service.

http://www.centredaily.com/business/technology/story/1015545.html

Technorati Tags: business technology, card balance, cell phone, chase visa, debit card, googe, merchants, technology story, visa card, visa credit

When I took accounting, we learned that credit card companies don’t reimburse merchants for the entire purchase price. Instead, they short the merchant a small cut that they keep for processing the transaction. In my classes, we used 2% for all cards.

But that was many years ago and in academia. In the real world right now, what is the merchant discount for the various credit cards (Visa, Master Card, AMEX, Discover)?

Thanks!

Technorati Tags: academia, amex, credit card companies, credit cards visa, merchant discount, merchants, real world, visa master card

Contrary to popular belief, it’s not illegal but against Visa policy to require ID for acceptance. In other words, you CANNOT deny a sale because I refuse to show ID.

Visa’s official statement:
Some customers write “See ID” or “Ask for ID” in the signature panel, thinking that this is a deterrent against fraud or forgery; that is, if their signature is not on the card, a fraudster will not be able to forge it. In reality, criminals don’t take the time to practice signatures: they use cards as quickly as possible after a theft and prior to the accounts being blocked. They are actually counting on you not to look at the back of the card and compare signatures—they may even have access to counterfeit identification with a signature in their own handwriting. “See ID” or “Ask for ID” is not a valid substitute for a signature. The customer must sign the card in your presence, as stated above.

How many of you knew that?
Visa official statement from merchant agreement:

Although Visa rules do not preclude merchants from asking for cardholder ID, merchants cannot make an ID a condition of acceptance. Therefore, merchants cannot refuse to complete a purchase transaction because a cardholder refuses to provide ID. Visa believes merchants should not ask for ID as part of their regular card acceptance procedures. Laws in several states also make it illegal for merchants to write a cardholder’s personal information, such as an address or phone number, on a sales receipt.
Banja, it’s not for my protection. How is it protecting me when I give a random stranger access to all of my personal information?

Technorati Tags: acceptance procedures, card acceptance, cards, contrary to popular belief, criminals, forgery, fraud, fraudster, handwriting, merchant agreement, merchants, phone number, presence, purchase transaction, random stranger, sales receipt, signature, signatures, visa policy, visa rules

Someone used my Paypal account this morning to try to buy a bunch of subscriptions to MMORPGs in the UK. Visa fraud protection caught it (I love them) and I don’t have to worry about any of the charges, but I am concerned about my account. Does anyone know how they did this - did they steal my username and password or did they just use an account number or something? I already changed my Paypal password, but do I need to change passwords for other online merchants, close the account, delete my address, anything? All I’ve done with Paypal is change my password and security questions and then deleted my credit card information from the account (even though the card has been cancelled already).

Thanks a lot!

Technorati Tags: credit card information, fraud protection, merchants, passwords, paypal account, security questions, subscriptions, uk visa, visa fraud

i’m looking into setting up a merchants account for my brick and mortar business and i’m not sure where I should go to set it up. does anyone have any suggestions? also, what should i be looking for?

Technorati Tags: brick and mortar, brick and mortar business, merchants

In March someone took my CC to the applestore and bought 0 in something there. I didn’t notice until a few weeks ago and when I went to call the bank, Visa said they could not do anything about it because it was past 90 days. I am stuck with this bill, (which is A lot for me because I’m a student) and there has to be something else they can do about it.

I closed the account and the merchants are supposed to call the police if he tries to use it.

Also, I have a suspicion about who took it, but I cannot get ahold of them. They are like transient now and possibly moved to the other side of the country. Do I still file a police report?

Thanks for all the help and ideas.

Technorati Tags: ahold, applestore, merchants, police report, report thanks, suspicion, visa

I have a paypal account that is "unverified" with 1 visa credit card.

What is my sending limit per month?

What is my recieving limit per month?

How much money can I spend on online merchants?

How much money can I get and spend a month?

Thanks!

Technorati Tags: how much money, merchants, paypal account, visa credit card

Visa mobile is a new service just for chase Visa Credit and Debit card holders. Visa is currently testing this on T-mobiles Googe smartphone. You can view your Visa card balance all the time on the phone. You also get offers dlelivered to your phone from several merchants.

Here is an article explaining the service.

http://www.centredaily.com/business/technology/story/1015545.html

I would not be interested in a service like this. Its too big brotherish for me. If you loose your phone someone can pick up your cell phone cand get all of your account information.

Would people really be interested in a service like this?
This is just a way of big brother to watch you. Visa is looking for more ways to make money.

Technorati Tags: big brother, business technology, card balance, cell phone, chase visa, debit card, googe, merchants, technology story, visa card, visa credit, ways to make money

source: http://www.creditcards.com/balance-transfer.php
BALANCE TRANSFER CARD: MC VS. VISA
* 0% Intro APR on balance transfers for your first 12 billing cycles
* Earn 1 Point for every dollar you spend in net retail purchases
* Points are redeemable for cash, brand name merchandise, travel with no blackout dates, dining certificates and more
* No Annual Fee
* Enjoy more savings and more extras - Get discounts at select merchants, valuable upgrades, and savings of up to 50% on accommodations at spectacular places. Visa Signature Privileges make it possible.
*********VS*********
* 0% Intro APR on balance transfers for your first 12 billing cycles
* Earn 1 Point for every dollar you spend in net retail purchases. Points are redeemable for cash, brand name merchandise, travel with no blackout dates, dining certificates and more.
* No Annual Fee
* Online account access and Points management
* Access to the MyConciergeSM service, a unique personal

Technorati Tags: balance transfer, balance transfers, billing cycles, blackout, brand name, certificates, merchants, privileges, retail purchases, spectacular places, visa signature

I usually go to different places…merchants etc.

When doing transactions with my visa card they ask me to give them the card..but at times you never know what kind of people you’re dealing with so if for any reason they note down your credit card account number along with all the info like….expiry date and all.. what kind of measure should I take…even if apparently there are not transactions done on my statement…it’s just the thought of knowing that someone may have wrote it down and what not.

can someone give me some advice as to how I should deal with such parties…(though you never know the good from the bad)

Technorati Tags: card account number, credit card account, different places, merchants, visa card

I work for a credit card processor wher I am selling new credit card machines. Here is my question, some of the older machines these merchants use print out the whole credit card number, expiration date and the customers name. I understand and wouldn’t want my info on a receipt, but I am having trouble understanding how someone could take my credit card number and actually spend on it? If they go on the internet to buy something, their IP will get snatched and they would need the 3 digit code on the back of the card to finish a transaction. If they go into a store, they have to convince the cashier to handkey the card number and they have to risk being seen on camera. So how is this such a big problem? What can a theif actually do with the number?

Technorati Tags: card number expiration, cashier, Credit Card Machines, credit card number, credit card processor, digit code, expiration date, ip, merchants, receipt, theif

If you worked for a company that sold credit card processing, how would you sell that?

I feel like an idiot walking into a small business and being like…" Hey how much are you paying to process visa and mastercards per transaction? - Want to see if I can beat the rate you are paying now?"

To me that sounds like people will just be like….nah I’m good.

Should I call first? Should I hit up flea markets and walk around and ask all the merchants.

Should I call businesses that are mobile and most likely dont even take credit cards and offer them a solution?

What do you think?

Technorati Tags: credit card processing, credit cards, flea markets, mastercards, merchants, quot, small business, visa