New Fraud Prevention Requirement

Another credit card fraud prevention requirement is in the works specific to MasterCard.  The requirement states that your point of sale system must be able to send a unique identifier where credit card transactions take place.  It is hoped that this unique identifier will allow for a quicker understanding of whether problems might be specific to one merchant or more of a wide spread issue.

There is no deadline set yet related to when this will be an actual requirement but most experts feel that the end of 2014 is a likely deadline.

You can contact me or visit http://www.counterpointpos.com/news/news-counterpoint.htm?do=news&id=862 for more detailed information.

This again stresses the need to stay current on your software maintenance each year - otherwise you no longer qualify for important software updates and could fines or other problems.

Are you in the US and in need of no cost retail point of sale advice? I'm happy to help and can be reached on my cell at 208-340-5632 (mountain time) or via email at kevinantosh@gmail.com.