Archive for Riley Poole

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Why Merchants Choose Amazon over eBay

Ironically, the reason merchants choose Amazon (NASDAQ AMZN) over eBay (NASDAQ EBAY) is the same reason merchants choose Paypal over a regular merchant account. Some people will tell you it’s the complex listing process which funny enough has become so bad it’s created many secondary companies over the years. Others will tell you it’s the […]

30Jan2008 | Riley Poole | 8 comments | Continued
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Why AVS Is Bad for Merchants

AVS, otherwise known as Address Verification Service, just doesn’t work. Banks know it, merchant service providers know it, and merchants should know it. Too often, AVS misleads merchants into thinking an order may be valid when it’s not. I’ve heard merchant after merchant say the same thing “but AVS said it was valid!” only to […]

28Jan2008 | Riley Poole | 4 comments | Continued
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Is PCI A Fool’s Game?

The challenge with PCI certification is simply that it is reactive instead of proactive. Virtually every rule set created is based on some previous bad act to create the ultimate in a false sense of security. The challenge becomes when you mandate that millions of merchants worldwide spend billions of dollars to become “compliant” you […]

26Jan2008 | Riley Poole | 4 comments | Continued
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New Paypal Rules

Before the end of Q1-2008, Paypal will release its most aggressive buyer/seller protection policies to date. Over the past year, Paypal has experienced huge losses in the fraud arena and plans to combat this problem with the introduction of new front end screening tools at a cost to the end merchant in addition to a […]

24Jan2008 | Riley Poole | 22 comments | Continued
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Merchant Service Providers May Get Shafted

Rumor has it that those who depend heavily on residual income, aka Merchant Service Providers, may get shafted in 2008. Seems like many banks are starting to feel the pinch and sources say that some banks including Wells Fargo (NYSE WFC) and Bank of America (NYSE BAC) are considering reducing or even eliminating some […]

23Jan2008 | Riley Poole | 3 comments | Continued
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New FICO Scores Coming

As issuers are stepping up their screening methods to help prevent future defaults like the ones seen over the past few years on mortgages and credit cards, banks and lending institutions are revamping their risk profiling techniques across the board. FICO, one of the biggest factors in mortgages, loans, and even merchant accounts is responding […]

22Jan2008 | Riley Poole | 11 comments | Continued
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Merchant 911 - True Industry Leadership

So often, people in the industry look to make that quick buck, everything from overcharging for PCI Compliance to gouging TMF merchants for international processing fees. The list goes on and on and yet it’s a good thing when we can see a true leader of the merchant community really try to give back to […]

20Jan2008 | Riley Poole | 6 comments | Continued
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Next Day Funding Merchant Accounts

Anyone who sells merchant accounts has experienced one merchant or another opt for Paypal versus an actual merchant account. While there are many reasons for this, one of the big reasons may be a thing of the past. Typical funding for merchant account providers can range three to five days domestically, three weeks internationally, and […]

19Jan2008 | Riley Poole | 14 comments | Continued
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Two Factor Authenciation Cracked

Over 400 banks worldwide, with more being added have been targeted for one of the most sophisticated trojan horses to date. The trojan horse not only manages to change an manipulate on it own but it is able to intercept two-factor authentication programs such as Verfied by Visa and MasterCard (NYSE MA) Secure Code.
Even the experts […]

19Jan2008 | Riley Poole | 7 comments | Continued
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SSL Certificiates Reviewed

Over the years, I have researched, purchased, and installed over 100 digital certificates, everything from code signing to the new EV Certificates. I must say that the price, process, and procedures vary so considerably that it’s very difficult at times to tell what’s what.
With so many to choose from, where do you go?
Best Value
Rapid SSL […]

19Jan2008 | Riley Poole | 7 comments | Continued
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