Protect Your Business From Card Fraud

When the EMV liability shift made its debut in October 2015, it created a lot of buzz, but it also came with a lot of confusion.  What many small to medium sized businesses didn’t understand was that this shift would cause credit card thieves to target smaller businesses for their crimes.

Unfortunately, we have recently witnessed small businesses suffering monetary loss due to fraudulent card use, and it just proves that criminals are taking aim at small to medium businesses. These businesses accept EMV payments, so how are thieves bypassing this system setup to protect cardholders and businesses alike?  They are making their failed payment attempts look like terminal error causing a business to key-enter the card and eliminating the security steps needed for EMV transactions.

How they do it

After fraudulently obtaining a cardholder’s information, the criminals are creating their own “copy” of the card with a magnetic strip but no EMV chip.  When paying for a transaction, the card gets swiped and the terminal displays that the EMV chip must be inserted.  At this point, the employee completing the transaction will likely manually key in the card thinking the terminal has malfunctioned because this card clearly has no chip.  The transaction is approved, and everything seems fine until you get a chargeback notification for this payment.  Because of the EMV shift, it is now your business’ responsibility to cover any fraudulent transactions.  This means even if you dispute the chargeback with the appropriate information, you will not receive your funds.

Protect your business

As a business owner or manager, you can take many steps to ensure your business is protected from fraudulent card use.  Here’s a list of things you NEED to do to avoid losing potentially large amounts of money.

1. Make sure your EMV equipment is properly working.
Faulty equipment isn’t going to protect you in the event of fraudulent card use. You’ll want to be certain the technology is current and updated.
2. Educate your employees.
Train your team about card fraud and what can happen if they do not follow proper protocol in regards to transactions. If someone is genuinely trying to make a purchase, he or she will not mind providing another card or calling their card provider to determine the cause of any potential card read error.
3. Talk to your merchant provider about updates and current events regarding card acceptance and fraud.
This industry is constantly changing, and keeping an open dialogue with your provider will help you stay aware of potential risks and changes. Join our email list to receive occasional newsletters and information. We will gladly keep you in the know.


Business Finance Options

Immediate Working Capital

There are some instances as a business owner when you just need more working capital to accomplish goals and grow your business.  Going through the process of dealing with banks and credit scores and paperwork can be daunting.  We completely understand, and that’s why we offer business finance solutions that will provide your business with immediate working capital without the headache.  A simple 3 minute application is all you need to fill out to get started.  From there, we will discuss your needs and setup the business financing that makes the most sense for you and your business.

You’ve Got Goals; We’ve Got Solutions

There is no reason to hold off on the dreams you have for your business.  You have goals and we have the tools you need to achieve them.  Think about how great it would be to add $10,000 to your marketing program to increase traffic and sales.  Or maybe you need $40,000 to add-on to location to accommodate more customers.  Whatever it is that will help grow your business, our immediate working capital business financing options will get you well on your way to reaching your ultimate business goals.

Take a look at how some of our clients chose to grow with our business finance options:

  • Hire new employees
  • Eliminate debt
  • Add new inventory
  • Remodel
  • Purchase new equipment
  • Increase marketing efforts

Get What You Need

We aren’t here to sell or pressure you.  We will help to make sure that you are choosing the business finance option that best fits the needs of your business.  There is no one-size-fits-all approach, and that’s why we are here to help you from start to finish.  It’s quick and easy to get immediate working capital by offering you unsecured capital based on the future card sales at your business.  The payment is electronically deposited and the payments are completely flexible.

Easy, Smart, and Fast

It’s simple to get started today.  Why wait to reach those goals you’ve been putting off?  Today is the day.  Once approved, cash is deposited within 10 days (often sooner), and you can put that capital to work right away.

Call or Email Us!  (866) 863-2660 or

Give us a call to find out more!  You can even get started with our online application if you know you’re ready to take your business dreams off hold.