Due to the increased spending that occurs during the holiday season, scammers and thieves anxiously sit behind their computers with clever new ways to take advantage of both consumers and merchants. Since today more and more shopping takes place online, this makes it even easier for thieves to defraud innocent shoppers. The Internet is littered...
The recently passed Senate Bill 97 (SB 97) will go into effect on October 1, 2015, in the state of Texas. The bill was first received by the Secretary of the Senate in November of 2014 and was signed by Governor Abbot on May 28, 2015. Here are some rules on age verification… Age Verification...
A common question among business owners looking to obtain a merchant account with Maverick is the requirement for a social security number when applying for a merchant account. Some merchants, who may have had accounts with their current processor for a number of years, are skeptical of the regulation which came into play in 2001...
The Payment Card Industry Data Security Standard (often shortened to “PCI DSS” or just “PCI”), is a set of data security requirements established and governed by Visa®, MasterCard®, American Express®, and Discover® to protect cardholder account information. Here are facts about PCI Compliance. What is the PCI & How Does It Affect My Business? PCI DSS...
Maverick BankCard partners with Chargeback360 to help facilitate eCommerce businesses with complete chargeback management and mitigation. Working with numerous eCommerce and direct response businesses, Chargeback360 is a complete solution for all aspects of chargeback management. Linking electronic payment facilities and merchant account services from Maverick with high-level chargeback management from Chargeback360, the partnership will not...
Happy 4th of July from Maverick! In celebration of the 4th of July holiday, Maverick BankCard offices will be closed on Friday, July 3rd. If any merchants need technical assistance, please contact your Account Executive and refer to the 24-hour help desk number in your merchant portal. If any partners need assistance, please contact your...
Maverick BankCard, Inc. is proud to announce its capability to support American Express OptBlue, the new merchant acquiring program that extends U.S. small merchant coverage. Maverick is now providing a full, one-stop servicing solution for American Express Card® acceptance to eligible U.S. merchants with projected American Express charge volume of less than $1 million per year,...
Effective October 2015, the U.S. has been mandated to adopt the chip and signature standard, also known as EMV (Europay, MasterCard, Visa). This type of smart card technology is a proven global payment security measure to help prevent card fraud. Is your business ready for the migration? The EMV migration will replace magnetic-stripe, or mag-stripe,...
You may have heard the word “interchange” before, but what does it exactly mean and how does it affect your business’s merchant account? What is Interchange? Interchange refers to the costs of each credit card transaction. There are many entities involved whenever you process a credit card transaction. First, there is the acquiring bank. Secondly,...
