|Posted on April 3, 2020 at 4:04 PM||comments (3)|
We are aware that these are unprecedented Times and there are a lot of challenges during these Period. We are encouraging you to rise above this Situation and remain confident, that you will come out Stronger, Bigger and Better off.
President Trump just signed off a $2 Trillion Relief Bill, which will come in form of Stimulus Checks to offer Assistance to Millions of American Household, affected by the Corona Virus Pandemic. We are aware that most of us have Questions and we want to enlighten you more about, what in this for us.
The Following are the Basic Things to know about the Stimulus Checks:
It is important to note that if the Income Exceeds the threshold, the Amount will be reduced on a Sliding Scale.
We are available to help you with all the Questions, that you may have , regarding the Stimulus Check as well as any other Question on the Stimulus Package. We are also available to assist you virtually. Call us on 202-422-4586 to set up an Appointment.
It is always our Pleasure to Help you.
|Posted on December 15, 2018 at 3:38 PM||comments (3)|
Holiday Season is here and it’s the Season of Giving. What Gift do you give, when you don’t know what to buy? Gift Cards, Of Course!!!
The Better Business Bureau (BBB) is warning us of a Gift Card Scam going on at this period. Gift Card Scams are very popular and occur because Gift Cards are left out on the racks unattended.
So, What Can you do to protect you from this Scam? Read on for Tips to guard you against Gift Card Scams:
• Buy Gift Cards from Reputable Stores/Companies that offer Guarantees.
• Grab a Gift Card from the Middle or Back of the Display and not the Front Row. Some Thieves remove Gift Cards from a Display, record the Card Number and put it back on the Display, waiting for a Customer to buy the Card, while checking regularly online for a Dollar Balance to appear, for them to use the Card.
• Inspect the Gift Card Packaging before Purchasing. This helps to avoid tampered peeling. Some Manufacturers have been adding special packaging or scratch off Pin Numbers to prevent thieves from being able to look at the cards and stealing the Numbers.
• Check the Activation Receipt for Matching Numbers and Amounts.
• Only Check the Balance on your Gift Card through the Site listed on the Back of the Card itself, and if there is none, Go to the Website of the Company and look for a link to the Gift Card Page.
Feel Free to Share and Spread the Message against Gift Card Scams. Enjoy your Holidays.
|Posted on October 1, 2015 at 7:14 PM||comments (7)|
It's October 1st 2015 today, Have you received your new Credit Card with embedded microchip yet? If you haven't , it's time to call your financial institution and ask them to send it to you. Remember, you start inserting your card at the Point of Sale as from today. No More Swiping.
|Posted on September 16, 2015 at 9:53 AM||comments (4)|
Have you wondered what the word "EMV" means?
Most People have been confused and lost in the meaning of EMV; the fact that the Global Standard for computer chip based cards goes into full force on October 1st 2015 is not helping matters. Today, we will unravel the meaning of EMV, as well as the features.
What is EMV?
EMV stands for Euro pay MasterCard and Visa. It is a Global interoperable standard for chip-based payment cards. The New EMV Cards literally feature a computer chip on the front and they require a new point -of- sale card reader to verify the chip.
It is a technology standard that resides in a secure computer chip embedded into a payment device. It offers the following features:
What it does?
How it Works
Beginning October 1st this Year, no one is expected to swipe their card anymore instead we would be expected to insert our card into a terminal slot.
Below are the steps to using the New EMV Cards:
a) Insert Card: Instead of Swiping, Card is now inserted as it appears on the picture.
b) Leave Card In: Card Stays in terminal for the duration of the Transaction.
c) Sign Receipt or Enter Pin: Sign Receipt Or enter PIN to complete transaction.
d) Remove Card: Remove Card when the purchase is complete.
What This Means.
Presently, when counterfeit fraud occurs, merchants are not liable and consumers don't end up paying for it either. Rather, the Card issuers take the liability. With the introduction of the EMV Chip Card, there is a liability shift, which means that if there is an incidence of card fraud, whichever party has the lesser technology will bear the Liability.For instance, if a merchant is still using the Old System after October 1st 2015, they can still run transactions with a Swipe and Signature system, but they will be liable for any fraudulent transaction, if the customer has a chip card.
The same goes for a merchant with a new terminal, for which the Bank has not issued a chip and PIN card to the customer, the Bank would be liable. The key point of a liability shift is to create co-ordination in the market, so that issuers and merchants can invest in the migration at the same time. The sooner the migration takes place, the faster fraud will be driven out of our system.
HOW TO BE EMV READY (as a Business Owner).
1) Check if you are in an EMV Card Operation environment. An EMV Card Environment is a point of Sale Transaction environment, where consumers use their cards at the point of Sale.
2) Check if your equipment is ready to handle the new EMV Chip Card operation. Most Businesses already have Machines with terminals, that are ready to handle the new card, but they are currently not utilizing it. You may need to upgrade your machine or get a new one to be EMV enabled.
3) Contact your POS (Point of Sale) vendor.
4) Ensure that consumers INSERT their card into the terminal slot, instead of swiping.
HOW TO BE EMV READY (AS A CONSUMER).
1) Ensure that you contact your Bank to issue you a New Chip card, if you are yet to receive yours by now.
2) Get ready to start INSERTING your card into the terminal slot at any point of Sake Transaction and remember to STOP Swiping.
3) A Consumer can choose to add the PIN Number feature to their card instead of signing. (this enhances added security).
Exemptions to EMV.
1) EMV Chip card Rules does not impact E-Commerce Based Transactions.
2) It does not operate in a Not-Present environment, since this pushes counterfeit fraud away from the system.
It is advisable that Business Owners with an E-Commerce presence would be wise to beef up their online payment security.As a Reminder, the Euro pay, Merchant and Visa (EMV), the Global standard for Computer -Chip based cards goes into full force on October 1st 2015.
If your Business is not equipped to process chip card at the point of Sale transaction, you will be liable for any credit card fraud.Do not risk the potential cost of a credit card security breach; the result can be devastating to your Business. If you need more information on the EMV Rules, Feel free to call us on 202.422.4586 for more information.