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Showing posts from November, 2014

Credit Card Processing, Quantum Merchant Services

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Quantum Merchant Services a leader in Credit Card Processing services in the US is proud to announce marketing director Leslie Rudrud has become an official ambassador to the St Paul Mn Chamber of Commerce  as well as the Woodbury Mn Chamber of commerce. The Saint Paul Area Chamber of Commerce’s public affairs team serves as the voice of the region’s business community in advancing business interests, engaging in political activities that support business growth and development, and playing a key role in fostering economic development. Every year, we host thousands of Chamber members who participate in our over 125 events. Chamber events educate, inform, and engage business professionals to do business with one another. Quantum Merchant Services is a leader in Credit Card Processing, Gift and Loyalty Cards, Merchant cash Advances and more.  For more information regarding Quantum's involvement in community activities or if your business is looking for a better w...

Credit Card Processing | Card Processing Security

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Quantum Merchant Services a St Paul Mn based credit card processing company has recently been featured on a Mn NBC affiliate for helping to thwart a ring of identity thieves. The Identity thieves would set up bogus merchant accounts and then run stolen cards thru the account and keep the cash. It was run by criminals outside the U.S posing as local businesses. The story aired Monday Nov 10th and highlighted the not so well known process of stealing cards and setting up these bogus Merchant Services accounts to process transactions sometimes running into  the hundreds of thousands of dollars. When they close the account they keep the cash then they do it all over again under another business name.  It is very hard to catch the criminal since they are typically in other countries. See the story here: "> http://www.kare11.com/story/news/investigations/2014/11/10/credit-debit-card-cyber-security-hackers/18806121/ Quantum Merchant Services helps businesse...

Credit Card Processing, Security

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Credit Card Processing security is at the forefront once again. It has been one year since Target suffered a massive security breach and since then we have seen retail giants such as Home Depot and Michaels suffer even larger breaches in security.  Current terminal types in the U.S are far behind  the technology of other countries when it comes to storing customer data. The old magnetic strip on your cards in your back pockets are vulnerable to all types of theives. As well the type of encryption used to store your data at the corporate level is also old technology. Let's look at some of the new technology and try to explain why it is so important for the US to catch up to the rest of the world. EMV - EMV stands for Europay, MasterCard and Visa, a global standard for inter-operation of integrated circuit cards (IC cards or "chip cards") and IC card capable point of sale (POS) terminals and automated teller machines (ATMs), for authenticating credit and debit ca...