Why Businesses Need to Get Ahead With Credit Card Chip Technology

Posted by wpadmin | Posted in Automotive Financing | Posted on 09-02-2016

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Forget the fact that the transition’s happening right now as we speak. Forget the fact that even consumers are a bit wary despite the fact that there are these reasons why people shouldn’t worry. The new credit card chip technology, EMV, is coming. It most definitely will stick. It will stay. And while it’s going to be a long transition (imagine how many stores in the entire nation will have to be fitted with these new credit card reading machines), and card companies will be slowly rolling out these new bad boys, the fact of the matter is this — businesses are straggling to catch up.

That May Not Necessarily Be a Bad Thing, However….

It just so happens, though, that the new cards (for those who don’t have them) will be functional bothcredit card chip technology-1 ways, just to ensure that there are no problems. That means your magnetic stripe credit card might already have a microchip installed already. However…. Businesses need to get ahead right now given the fact that Visa and MasterCard have officially renounced any accountability for credit card fraud.

What does that mean? That means you, the business, will be solely responsible for compensating a customer who’s suffered from ID theft. Not something you want to deal with.

The Fact Is Credit Card Chip Technology Is the Wave of the Future

Only a quarter of merchants in the country have the readers built-in and operational to run the new computer chip credit cards. The technology’s safer. It’s been proven in other countries; sadly, the U.S. is the last to convert.

As a support and due diligence to your customers, we make it a point to invest in the technology and get yourselves ready for the transition before you lose out on more of your resources due to credit card fraud and such. It’s still a big game-changer as far as white-collar crime is concerned. So don’t hesitate. This is the name of the game for business these days.

You Need Help Managing the Finances of Your Business?

Cloud Based Bookkeeping can do it. We’re consultants. We have access to the resources you need to protect your funds, your sensitive information, your taxes. Everything. Even when it involves this new credit card chip technology. Visit our Google+ page as well and then sign up today!

The post Why Businesses Need to Get Ahead With Credit Card Chip Technology appeared first on Cloud Based Bookkeeping.

The post Why Businesses Need to Get Ahead With Credit Card Chip Technology appeared first on Independent Credit Solutions.

How the New Credit Card Chip Technology Will Support ID Theft

Posted by wpadmin | Posted in Automotive Financing | Posted on 08-02-2016

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Businesses have to be keen on this new development in the financial stratosphere when you’re thinking about it, for plenty of reasons. Aside from the fact that the transition to credit card chip technology will incorporate a nationwide spread of new card-reading machines (more investment for businesses, unfortunately), there’s one other subject companies everywhere would love to learn more about: identity theft.

Will This New Credit Card Chip Technology Protect More?

Good question. This doesn’t just revolve around the consumer, but the business. Ever lend your business credit card to the intern? Not a smart move…. You can imagine just how important it is to ensure that credit card fraud never steps foot into your business, and the concept of someone stealing somebody’s information — either customer, client, or business — is earth-shattering at best.

However, the computer chip raises a beautiful question. Hackers don’t care. A chip can be hacked into. credit card chip technology-1But everyone’s saying that this new credit card chip technology’s going to change the landscape as far as credit card fraud and ID theft is concerned (it’s already happening a ton overseas where EMV’s been changing the way people spend money).

Here’s why credit card chip technology will make things better — the main problem with the magnetic strip credit card is the fact that the strip holds all the data and it never changes. That means if anyone ever gets a hold of your one little strip (they don’t even need to steal the card) and copies it (that’s really all they need to do), you can go about your life still having your card (no one stole it!) while some ID thief runs around with a copycat card, spending all your money.

That magnetic strip is a prime target for ID theft.

What the computer chip-enabled card does, however, is allow the user to swipe it, have the machine read it; and the chip itself develops a unique ‘transaction code’ that can never be used again. It, therefore, means, you can buy 15 separate candy bars, the card will read it 15 separate times, and each time will be virtually unique from every other time.

Not one thief would be able to steal your information. Each transaction is encoded through the chip and never gets stored anywhere. It’s processed and then dies a lovely death in cyberspace, basically. Therefore, your information can’t ever be pulled from the card.

Of Course, These ID Thieves Are Resourceful!

The hope is the new credit card chip technology will change the way credit card fraud happens. As in never. But the problem with ID theft is there’s always a way. It’s like that bad penny always turning up. The good news is that this new development will certainly make it easier for Ultimate Identity Protection and other partners to do what they do best. Protect your identity.

Visit our Google+ page. Sign up today! And be on the lookout for your new computer chip-enabled credit card.

 

 

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The post How the New Credit Card Chip Technology Will Support ID Theft appeared first on Ultimate Identity Protection Services.

The post How the New Credit Card Chip Technology Will Support ID Theft appeared first on Independent Credit Solutions.

Credit Card Chip Technology: It’s Going to Take Awhile

Posted by wpadmin | Posted in Automotive Financing | Posted on 08-02-2016

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As seen here, the expectation is people may be wary about the whole credit card switch thing from magnetized strip to tiny computer chip (especially with credit card fraud always being a problem) despite these three reasons why we shouldn’t be scared. We’re protective over our plastic! However, fear not: this isn’t a change that’s […]

The post Credit Card Chip Technology: It’s Going to Take Awhile appeared first on THE INCOME TAX PLANNING NETWORK.

The post Credit Card Chip Technology: It’s Going to Take Awhile appeared first on Independent Credit Solutions.

Yes, as a Real Estate Agent, You Can Save Money on Your Automobile

Posted by wpadmin | Posted in Automotive Financing | Posted on 05-01-2016

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Being an entrepreneur’s not only hard on the commute in your hard-earned car, but also on your wallet. Think about the cost to maintain, roadside assistance, even legal issues. The expenses add up (let’s not mention the cost of gas, shall we?). And when it comes to being a real estate agent, you’re not exactly sitting at a desk 24/7. You have open houses to go, showings, etc. etc. That car better work, or you’re out of a career.

So Guess What: as a Real Estate Agent, You Can Deduct Some Cost on Your Taxes!real estate agent auto-1

And for many commuters, that’s a blast. Obviously. After all, your everyday real estate agent is in business for himself/herself. Therefore, everywhere you go, whatever you spend — all of that can be deducted from the 2-hour tax return you’ll file with ITPN. Want to know just what kind of deducations you can make with your car as a real estate agent?

  • Car Washes
  • Depreciation/Lease Payments
  • Insurance
  • Interest Rate
  • License & Registration
  • Maintenance Expenses
  • Repairs & Replacements
  • Tires

And let’s not forget the mileage write-offs at 55.5 cents per mile. That applies even when you’re driving the miles to get your tires replaced, or your car washed! Be incredibly anal about just how far you drive anywhere. As long as where you’re going applies to your work as a real estate agent. Believe it….

It’s Staggering What You Don’t Know About Your Taxes as a Real Estate Agent

Just check out this tax write-off guide to learn even more. But until then, know this: you now know the stuff, so keep it all in check and itemized. Then register with the Income Tax Planning Network immediately and get those miles written off. Remember: time means money. And money means great business for the automotive and real estate industries.

 

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