Target & Home Depot Are Still Suffering From 2013’s Data Breaches

Dec 29, 2014

The holiday season brought a reminder of last year’s issues with data breaches. While it was thought that the big-box retailers were always safe, 2013 showed us that they were just as vulnerable as everyone else. These breaches affected Target, Neiman Marcus, Panda Express, and later, Home Depot, among others. While consumers tend to trust the big-box retailers more than smaller retailers for security, the breaches showed us that anything is possible.

The biggest issue may be the cost that come with massive hacking’s. According to Target, net breach-related costs have been $158 million thanks to a $90 million insurance receivable. It is still a massive amount, and Home Depot’s damages are not yet finalized. Home Depot expects $27 million in gross breach expenses and net costs of $6 million after insurance reimbursements. Home Depot, luckily, has a $100 million dollar breach insurance policy (yes, that actually exists). So, if you are a small merchant, or an online merchant, or an aspiring merchant, you may be concerned. You should be. Data breaches are not to be taken lightly, and they can happen even with the most reliable security systems. One thing that you need to focus on is your merchant account provider.

You need to make sure that your merchant account provider is equipped to handle fraudulent issues. Not all are equipped, and many will drop your company is you have one too many fraudulent charge allegations. One of the best merchant account providers in the USA is, because they offer a chargeback suite. This helps you combat fraudulent charge allegations, but helping you determine if the charge is actually fraudulent.’s chargeback suite can also help you keep the fraudulent charge fees low. If you have ever suffered from a chargeback, you know that the fees can costs as much as 270% of the original item price. It is better to be safe than sorry, and your best bet is to employ the services of

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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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