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Banking and Merchant Changes at the Core of Apple Pay
The late-October launch of Apple Pay has already generated more buzz around mobile payments than we’ve seen in the past decade. In fact, according to the New York Times, a mobile app like Apple Pay — via the new iPhone 6 and the forthcoming Apple Watch — could have the same impact on cards that […]
Preparing for the Next Evolution in Payments
In the midst of a busy holiday season, we’d like to take a moment to realize what an amazing time we live in. Just think about this: We now have technology that allows us to pay for goods and services. People have moved from trading high-value commodities such as oil and salt to using coins […]
The Only Online Bill Pay Solution Your Merchants Need
Electronic Bill Presentment and Payment (EBPP) is quickly becoming a business essential. Customers and clients expect to be able to view, track, pay, and manage bills online — it’s the norm. We’re not just talking traditional retail eCommerce. A whole range of business-to-consumer and B2B professional services can benefit from the ability to invoice and […]
VIPS for Your VIPs (Very Important Professionals)
Our banking partners rely on Veracity experts to provide not only payment processing services but also effective partnerships with merchant customers. That is why we are delighted to take another step beyond processing with a new merchant solution that will cement those partnerships. The Veracity Invoice Presentment System (VIPS) is almost ready to roll. We’re […]
The SMART Route to Becoming Chip-Card Savvy
There’s a lot of talk about EMV cards, but many merchants haven’t seen them yet. So, they could be thinking that smart chip-card adoption is “way off in the future.” If that’s what they’re thinking, they’re in for a rude awakening. American Express®, Citibank, Chase, Bank of America, and Discover — to name just a […]
How to Lead, Educate, and Communicate on EMV
The race towards implementation of EMV — the chip-based smartcard technology that’s replacing traditional magnetic-stripe cards — is gathering speed. As EMV mandates approach key milestones, banks will begin to feel pressure from merchant customers to channel information and answer tough questions about making the transition. Moving to chip-enabled cards means change and increased functional […]
How Will You Help Merchants Meet EMV Compliance Challenges?
The payment landscape is changing rapidly. Just in the past year, merchants have taken great strides toward EMV implementation. In April they began working with processers that had infrastructure in place to support chip transactions, and now many are working toward upgrading their systems. 2014 promises even more changes for merchants, processors, and financial institutions […]
EMV: Ready or Not, Here It Comes
EMV: It is an inevitable shift that will affect all areas of the payments industry. The impending migration from traditional credit cards to smart cards with chip technology, or EMV, represents yet another major technological change within the bankcard industry, demanding a level of attention equivalent to PCI DSS, the Durbin Amendment, and the most […]
Take the Lead in Offering Mobile Merchant Services
Community banks and smaller financial institutions are generally much less focused on providing merchant services than they are on their core business of banking, loans, and mortgages. Merchant services typically account for only around 10% or fewer of the services community banks provide. Those numbers show that most institutions are missing an opportunity: Providing mobile […]
Meet Veracity’s New Payment Processing App: vpsMobile
Mobile payments technology offers banks a prime opportunity to deepen relationships with merchant customers. If you’re thinking of jumping into the mobile payment solutions arena, you’re in luck: Veracity has just released a new mobile point-of-sale (POS) app for the small merchant marketplace. The app, Veracity vpsMobile, is available on iTunes for iPhone, iPad, or […]
