May 29, 2019

With Mobile Payments on the Rise, Merchants Must Fight Fraud

Rogue mobile apps account for 28% of fraud attacks, according to the Q2 2018 fraud report by Bedford, Mass.-based security solutions company RSA. Other highlights from the report include: Phishing accounted for 41 percent of all fraud attacks observed by RSA in Q2. Canada, the United States, and the Netherlands were the top three countries most targeted by phishing. Fraud...

May 09, 2019

Widespread U.S. Contactless Payments Adoption May Be Near

The groundwork has been laid for widespread U.S. contactless payments adoption, but what will be the impetus for actually taking shape is a mystery, according to the Federal Reserve Bank of Boston report, “Tap to Pay: Will Contactless Cards Pave the Way for NFC Mobile Payments in the U.S.?” Background on the Contactless Card and Mobile Payments Movement In 2015,...

May 03, 2019

What the U.S. Can Learn from China’s Mobile Payment Surge

By 2021, eMarketer projects that 79.3% of smartphone users in China will be swiping, scanning, and tapping at point-of-sale machines. Meanwhile, only 30.8% in the U.S. and 22% in Germany will be doing the same. China’s Alipay exceeded 1 billion users with more than 700 million users in China alone, according to news reports. Additionally, more than 40 million small...

Apr 25, 2019

Samsung Pay Marks a Milestone By Connects to Prepaid Cards in France

Samsung Pay is providing greater flexibility and possibilities to consumers in France. For the first time in France, PCS MasterCard prepaid card users can make mobile payments through Samsung Pay. Samsung Electronics France recently partnered with French card issuer Prepaid Financial Services to allow its fleet of PCS Mastercard prepaid cards to be loaded onto the Samsung Pay wallet. PCS...

Apr 24, 2019

IoT and Mobile Payments Succeed Best with Emerging Technology

Mobile and IoT payments are happening now and will continue to grow, so that means banks need to embrace emerging technologies to handle them. Banks need back-end infrastructures that are flexible enough to handle payments enabled by mobile devices, wearables, and whatever smart technology gets thrown at them next. Banks may be stressing out about moving away from legacy technology,...

Apr 23, 2019

Mobile Payments May Be the Answer to Crypto’s Security Problems

Overall, people hopped on the cryptocurrency ecosystem quickly. With the right measures and forethought this means the blockchain has the potential to change financial services forever. It may have the power to revolutionize the payments industry, but cryptocurrency has to get through it’s growing pains first. The expansion of mobile payments will help. As more consumers use online and mobile...

Apr 19, 2019

Wells Fargo Begins Issuing Contactless Cards to New Customers

Wells Fargo & Co. recently announced it is launching contactless cards, which allow customers to tap and pay at retail stores and public transit hubs. The bank has already started handing out contactless cards to those who pen new consumer credit card accounts. Existing credit card customers will receive contactless versions when their current ones expire. Later this year, the...

Sep 20, 2018

Apps Improve Customer Experience: Mobile Payment Processing

In the modern technology-driven world, any retail business should use advanced tools and methods like mobile payment processing to remain competitive in the industry. Providing customers with convenience to make purchases and improving their experience play an incredibly important role in any merchant’s continuous success. Read this article to know how you can improve customer experience in today’s world of...

Apr 20, 2018

E-Commerce Update: Consumer Adoption of Mobile Payments Stalls

When it comes to mobile payments, the situation has been described as ‘a very complicated, hot mess’. Why? While the U.S. is exceptional at developing new electronic payments systems, it does not do a great job with commercializing those systems. In the words of Retail Dive, “the market is still in its early days, and people may not be used...

Nov 07, 2017

Top Mobile Payment Apps

The use of smartphones in processing credit card payments is not a new thing to many. In fact, the practice is currently well accepted, thanks to its affordable setup costs and few-commitment contracts offered by most service providers. It’s no surprise that most merchants are beginning to rely exclusively on free Android and iPhone mobile processing apps as their main...

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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