We are living in a highly developed society that is completely based on high-end technology and in every field we can experience the contribution made by the latest technology. It has made our life simple, easier and convenient in various aspects and we have experienced the major transformation it has made in our life. One of the best results of this technological development is the credit card that is used for payment of almost every transaction we make. A credit card payment system is much safer and easier than the traditional method of cash payment. Credit card and wireless credit card terminals have changed the method of online and offline shopping.
A credit card swipe terminal is essential for a shopkeeper, who wants to accept credit cards in their shops. Traditionally this terminal has a magnetic strip reader, a display and a keypad. Sometimes a printer is also attached. The latest version of the credit card terminal is a wireless credit card terminal, which is most suitable for restaurants and cab firms. Wireless credit card terminals allow a person to process credit cards electronically anywhere and it allows business to process transactions from mobile locations efficiently and quickly. This terminal is mostly used by businesses that mainly operate in a mobile environment. For mobile business it is the easiest way to conduct transactions for their business.
The working process of the wireless credit card terminal is same as the traditional credit card machine, except that the transaction in the wireless
Credit cards play a very important role all over the world. You can say it has become a rage in the business world. To make your work hassle free, you will find several credit card providers are offering new schemes and offers for traders. With time there have also been requirements for equipments and software that will make credit card payments easier and much more comfortable than before. Make sure you understand the importance of credit card processing at your business before jumping to purchase the equipment for your need.
Credit card processing is a very simple thing. It is the procedure of buying and retailing in your business with easy money transaction. A credit card transaction is done through a credit card equipment or machine. This machine plays an important role in analysing every single credit cards and the entire processing method. It is perhaps the best way to make an easy and fast money transaction thereby helping customers to shop anywhere and anytime. This processing helps customers to clear their payments in no time without carrying heavy wallets with them.
For the safety of your customers and business overall, as an online merchant you must follow numerous security methods while accepting credit card payments. There are mainly two main features of credit card security for proper credit card processing. They are CVV or card verification value and AVS or address verification service. Both of them allow your customers credit card transactions to be done secretly over
Best Mutual Fund Investment Strategy For 2012 and 2013
For most people the best mutual fund investment and the best investment strategy for 2012 and 2013 can be found in a single package, which comes complete with both fund and strategy. Before you invest money, here’s how to find the best fund with a strategy that fits you.
People invest money in a mutual fund because these investment packages offer professional management, each fund with its own investment strategy. The problem is that even the best fund in the stock or bond arena can get casual investors into trouble if they just buy, hold, and ignore it. The same stock (equity) fund that doubled in value between early 2009 and 2011 could well lose half its value if 2012 and/or 2013 turn out to be bad years for the stock market. History has proven that most people invest money without a sound investment strategy. They simply buy, hold and ignore.
Remember this: the normal investment strategy for a stock fund is to invest about 98% of the portfolio in stocks. The same is true in the bond department. The best investment strategy for most people is to invest money in a variety of both stocks and bonds, with some money tucked away earning interest with high safety. If you don’t have the time or expertise necessary to invest money and stay on top of all three areas, what’s your best mutual fund to invest money in?
The best fund for
People who fly should have airline credit cards. Air miles credit cards give you points or miles, for each purchase you make with the card and the miles or points are redeemable for travel related expenses. You can use your points or miles for free airline tickets to destinations of your choosing. Should you happen to be among that elite group we refer to as frequent flyers, because of your regular use of travel you accumulate miles and points faster, and that can save you substantially on your travel and airfare expenses.
There are many credit card issuers that offer air mile cards. The credit card features, rewards and bonuses vary greatly from one issuer to the next. So, it is very important to compare air miles cards from different companies before you select one. Most airline cards offer you 1 point or mile for every dollar you spend. Some companies still have blackout dates for users of airline card points so, when you select your card, you will want to select an airline miles card that has no blackout dates.
Be discerning about the purchases you make with your airline miles card. Some of the purchases you make with your card may not have point value. Your card company, customer service group can give you the information you need to have to make the most rewarding airline miles card purchases. It is also true, that you will want to make large rather than small purchases. Your bigger,
Old times never come back and I suppose it’s just as well. What comes back is a new morning every day in the year, and that’s better.” – George Edward Woodberry
A couple weeks ago, “The Card ACT” brought some new credit card rules in play, and I wanted to give you a “heads up” about the changes which affect YOU.
How To Use New Credit Card Laws To Your Advantage
You may not have heard, but a new credit card law (“The Card ACT”) went into effect recently. The provisions of this new law that will impact most of us are the ones around interest rates, over-limit fees, payment allocation, and monthly statements. Now, if you don’t use credit cards in your family life, this doesn’t apply to you…but most people do, and you should know about what’s now being done by credit card companies in response to this new law.
So, here is a quick summary of what you should know so that you can take full advantage of these pro-consumer changes:
The new rules will make it harder for credit card companies to raise a customer’s rates across the board. Under the so-called “universal default practice”, a consumer who was late on a payment for one credit card might have seen the interest rate rise on that card and another, unrelated credit card.
But now… interest rate hikes are going away during the first year an account is open and on existing balances. However, banks
Do you simply choose to ignore your a href=””>credit card bill? Large numbers of people in the UK admit to this alarming habit, but perhaps even more conearning is that these people also live in the false hope that their credit card bill will magically disappear! I cannot believe that people are so unresponsible with their spending and utlimately their debts.
Treating debt like this is a sure fire way to land yourself in very hot water. Lenders are tightening lending criteria so it’s becomming muich harder to get a loan. People who ignore their credit card bills and then think applying for a loan to consolidate debts may find themselves with a declined loan application; especially if they have charges and late payments damaging their credit rating from previously ignored credit card bills.
There are, however, around 60 per cent of credit card customers doing the right thing and clearing their credit card bills in full, every month. With the credit crunch being felt by consumers through the recent interest rate rises on credit, particularly loan interest rates, and the bills that land on their doormats. It is encouraging to see that 60 per cent of credit card customers can still afford to repay their balance in full each month. It is essential that people do not rely on their credit card for every day spending because this will only lead to further debt problems.
As I keep saying, you should seek professional advice if you’re
Credit card debt loopholes, do they really exist?
This article is based on my experience of the credit industry in the UK. It may or may not be relevant to those living outside the UK that should make entertaining reading all the same.
There is much talk of loopholes in the Consumer Credit Act which allegedly allows a person to get out of paying their credit card debt without paying. Many companies have sprung up offering, for a fee, to analyse your credit card agreements and where appropriate applied to have your debt quashed.
Since many of these companies charge upfront fee it makes no difference to them whether or not they are successful. The question is, is it true that a person can get out of debt without paying?
The answer is yes.
I write from personal experience, a long time ago prior to the Internet revolution huge, well-known finance companies, made a very risky decision in that they chose not to comply with the specific terms of the consumer credit act. They did this because they thought the legal jargon that was required to be added to for example, a credit card application form, would scare people off.
What they didn’t realise was, with the advent of the Internet, the sharing of knowledge, would bring about a revolution. Today thousands of people are successfully challenging the legality of their credit card and other unsecured debt agreements.
This is because many of the agreements and lack essential legal terms
Unexpected expenses and sudden loss of job are the main reasons a person ends up missing on their monthly loan or credit card payment. In such cases, you end up with a late payment mark in the credit rating which can prove to be derogatory to your credit score. However there is hope to improve your credit rating by working to remove late payment from the credit card.
Basically, different types of late payments are not termed equally. Being late by a month or two will not damage your credit report much, and can be removed easily. However if you fail to make a payment by 3-4 months, it can cause significant damage to your credit score.
It is up to the lender toe decide whether to mention late payment on your credit score or not. It is not always that the lender will immediately announce late payments of 1-2 months as they work and want to keep your business.
You may have to send a dispute letter to the credit bureau
However if you know that you will be late with your payment by a few months, it is suggested to make a phone call or send a letter to the lender explaining the reason for your late payment. By adding that you would be grateful for them for not including your late payment status to the credit report, most lenders work to remove late payment from your credit rating.
However before you actually ask the lender to
The scary thing about debts is that many people do not actually know how they get into this predicament. It is like saying that they woke up one day and found themselves buried under a pile of debt without hardly any recollection of the events that led to this problem.
The thing is, debt is not something that happens by itself. Debts are caused by concrete events in your life, which can be anything from a job loss, divorce, health condition, and so on. It could be also be brought about by poor financial management and unhealthy spending habits.
Yes, you heard it right. Those little things that you spend for, they can cause you to be deep in debt without you knowing about until it is too late. Here are some of the injurious spending habits that can drown you into a sea of debts. Recognizing these habits is the first step in preventing debts from taking control of your life.
Unhealthy spending habit # 1 Spending more than you earn
Thanks to the advent of credit card technology, it is now logically possible to spend over $2,000 each month even if what you are earning is only $1,200. Aside from using credit cards, people also tend to dip into their savings and borrow from others just to be able to get away with spending more than what they are earning. But this is NEVER a healthy way to spend money. Limit your expenses to
If your business is plagued by credit card, fraud and charge backs you should be investigating incorporating information from a site into your payment process. Retailers who use credit card BIN database software can flag and investigate suspicious credit card use by matching the information provided by the customer with the card issuers’ data. Inconsistency in the data could signal fraud.
BIN stands for Bank Identification Number and it is the first six numbers of a credit, debit or prepaid card. These numbers help identifying the issuing bank and other key information. Any business or organization that accepts credit, debit or prepaid cards for products or services can benefit from using a card BIN database program to verify customer information and avoid card transaction fraud.
Primarily, a BIN database for credit card aids in fraud prevention. By matching, the information provided by the purchaser with the available information from a BIN database lookup, mismatched information alerts the merchant that card fraud could be occurring. In these cases the merchant has the option of further scrutinizing the transaction or cancelling the order.
Fraudulent transactions can also lead to excessive chargebacks which can damage business in any number of ways. If a credit, debit or prepaid card is used without the consent or proper authorization of the card holder a chargeback can result. A merchant is often responsible for fraudulent charges. In addition to this potential loss, an excessive chargeback ratio (the chargeback ratio is the total number of card processing