Dec 23, 2016

Smart Cards And Chips. How Do They Protect You?

In 2016, new chip debit and credit cards were issued to consumers by major financial institutions. According to the US Payments Forum, 600 million cards have been issued. How do these chip cards protect consumers? EMV (Europay/MasterCard/Visa) chip cards are designed to protect you from data breaches. The system has been used in European countries and Canada for decades. 90%...

Dec 22, 2016

Though Chip Cards Are Still Slow, They Protect You From Fraud

One year has passed since EMV technology arrived in the US credit card market. Chip cards are designed to make transactions safer and they really do this. According to a NerdWallet survey, the majority of consumers approve the EMV liability shift in the US. Happy Birthday EMV MasterCard reports 88% of its credit cards are chip-ready, but 67% of all...

Apr 23, 2015

Will Chip-and-Signature Protect Consumers?

Walmart’s senior vice president and assistant treasurer, Mike Cook, called the rollout of chip-and-signature cards “worthless”. Cook believes that the U.S. should have backed a chip-and-PIN system that would almost guarantee the elimination of consumer credit card fraud. At the Electronic Transaction Association’s Transact conference in San Francisco, the executive blasted the U.S. treasury and financial institutions for not going...

Mar 20, 2015

Are EMV Chip Cards Only for the Wealthy?

According to recent reports, wealthy people are three times more likely to receive EMV chipped debits and credit cards than lower income individuals. CreditCards.com suggests that the gap exists in large part due to the way banks have chosen to roll out the new cards. But will this method put lower income card owners at risk? Some credit experts say...

Dec 23, 2014

Bank of America Takes the Lead in EMV Chip Implementation

This past October, Bank of America (BofA) took the lead on issuing Europay-MasterCard-Visa (EMV) chip enabled cards. This makes Bank of America, the first major banking institution to take this step. As cards expire, new cards with the EMV chip will be sent to bank customers. This is an attempt by Bank of America to get ahead of the mandatory...

Nov 26, 2014

Are you ready for immerging EMV Chip Card technology?

This is how credit card issuers have been feeling ever since the hacking by overseas crooks was discovered. Mind you, this was not an over-night instance of fraud. Crooks had patience and planned for years. They are not stupid. They knew where weaknesses were – and still are –in some industries. And there is still the common everyday crook that...

Nov 26, 2014

EMV Chip Card Technology Gets Backing From President Obama

On any given day, President Obama can catch a lot of dissension from every direction. However, his recent views and backing of EMV technology have people praising him. While EMV technology is coming, his support can perhaps help those who are not sure about the technology embrace it. EMV technology is better known as “chip and PIN” technology, and it...

Aug 28, 2014

What is EMV?

As we speak, the United States is getting ready to undergo a major shift in how it technologically equips its credit and debit cards. EMV or Europay, MasterCard, and Visa, is a new fraud deterring chip embedded within debit and credit cards. This new chip has become mandatory for all card distributors as an effort to stop credit card fraud,...

Jul 07, 2014

EMV Pin and Chip Card Dilemma in the United States

As the October 2015 deadline looms for card issuers to deploy EMV pin and chip cards, a major United States issuer has elected not to use the traditional European chips that protects consumers from fraud. A new study by Aite Group reveals that most banks and issuers in the United States will use chip–and- signature credit cards. American financial institutions...

Jun 09, 2014

The EMV chip may take more than 4 years as previously planned

 Just what exactly is EMV you ask? Years ago we wouldn’t even need to ask that question, but with the amount of fraud, corruption and hackers around the world,  EMV is needed to bring safety to our credit world. You see, EMV stands for Europay, Mastercard and Visa. It’s the global equivalent for protection. These companies have come together to...

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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 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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