March 26, 2015
It might not be THE holiday selling season, but the spring selling season of Easter, Mother’s Day and Father’s Day can account for a large chunk of retailers’ revenues. Consider these 2014 statistics:
- $17.2 billion spent on Easter
- $20.7 billion on Mother’s Day
- $4.7 billion estimated for graduations
- $13.3 billion for Father’s Day
AND, a large amount of gifts bought for these holidays are gift cards.
NOW’s the time to market your gift card products to your existing and POTENTIAL customers. Is your gift card program ready to take advantage of these opportunities?
Let OMEGA Processing Solutions design a custom gift card and customer loyalty program for your business. Go to http://www.omegap.com/services/loyalty-programs.php to learn more about our programs or call 866.888.9724 Ext. 7 for more information.
March 17, 2015
With the #EMV Liability Switch under seven months away, Visa has launched a series of webinars and 20-city tour to educate small businesses and consumers about chip card technology. Next tour stop is April 3 in Orlando, Florida. Access the webinars and learn more about EMV and how it’s used to prevent data breaches at http://usa.visa.com/pers…/security/chip-technology/index.jsp
March 12, 2015
1 in 10 Kids are Targeted
Identity thieves are seeking new targets, and your child might be an easy one. When a child is born, most parents apply for a social security number. Armed with that information or a birth certificate, fraudsters can easily apply for credit accounts, loans and government benefits to name just a few. And, because it will be years until your child applies for credit under his or her own name, the ID theft can go undetected for years.
Preventing Child ID Theft
The Federal Trade Commission offers these tips on protecting your child’s identity from being compromised.
• Find a safe location for all paper and electronic records that show your child’s personal information.
• Don’t share your child’s Social Security number unless you know and trust the other party.
• Many school forms require personal and sometimes sensitive information. Ask how your child’s information is collected, used, stored and thrown away. Ask if you can use a different identifier or just the last four digits of your child’s Social Security Number.
• Shred all documents that show your child’s personal information.
• Be aware of events that put information at risk, for example losing wallet or a break-in or security breach at your home, school or doctor’s office.
According to credit reporting company, TransUnion, here are some offs that someone might be misusing your child’s personal information and committing fraud:
• Your child begins to receive suspicious mail, like pre-approved credit cards and other financial offers normally sent to adults, in his or her own name.
• You try to open a financial account for him or her but find one already exists, or the application is denied because of a poor credit history.
• A credit report already exists in his or her name. If the child has one, he or she may have been targeted already, since only an application for credit, a credit account, or a public record starts the compilation of a consumer credit file.
What to Do
If you think your child’s personal information might have been compromised, the first step is to contact each of the nation’s three credit reporting companies. A Fraud Alert can be placed with your child’s credit report.
Equifax 800.525.6285 http://www.equifax.com/home/en_us
Experian 888.397.3742 http://www.experian.com/
Transunion 800.680.7289 http://www.transunion.com/
March 5, 2015
Happy 52nd birthday to the Hula-Hoop, which was patented on this day in 1963. An instant hit, an estimated 25 million Hula-Hoops were sold in the first four months of production.
Inspired by an Australian toy, Hula-Hoop founders Arthur Melin and Richard Knerr named their version after the famed Hawaiian dance. They demonstrated their creation on the playgrounds of Southern California, and the rest is history.
Trivia fact: Wham-O, the company that produced the Hula-Hoop, also gave us the Frisbee, Superball, Silly String, Slip ‘n Slide and the Hack Sack.
February 26, 2015
OMEGA Processing Solutions is VERY excited to announce our acceptance as an Affiliate Member of the Ohio Bankers League. We’re looking forward to partnering with the OBL and its members on many future endeavors.
February 19, 2015
As the Wall Street Journal reported this week, nearly 1 billion data records were compromised in 1,500 attacks last year — a 49% increase in the number of attacks. According to the study by international digital security firm, Gemalto, identity theft was by far the biggest type of attack with 54% of the breaches involving the theft of personal data,
What’s OMEGA Processing Solutions doing to help our merchants protect their customers’ data? For one, we have a comprehensive, industry-leading data security program containing both compliance and protection features. Here’s an overview of our program and answers to important questions you might have.
The OMEGA Processing Solutions data security program has four components — PCI ToolKit, Data Incident Management Program, Vulnerability Scanning and Breach Insurance. OMEGA Processing merchants are enrolled in the program upon boarding.
How does OMEGA Processing’s Data Protection solution increase my data security? The program’s PCI ToolKit guides you through the process involved in becoming PCI compliant. You will use the toolkit to complete your Self-Assessment Questionnaire (SAQ), develop security policies and complete employee security training. Our data protection program also features quarterly Vulnerability Scanning for merchants with IP terminals, virtual terminals and POS systems. Scanning detects any vulnerable points in a merchant’s IP systems so that they may be remedied BEFORE card/cardholder data theft occurs.
What happens in the event my business experiences a data breach? OMEGA Processing’s Data Incident Management Program is a comprehensive suite of services that provides expert assistance to merchant in the event of a data incident, giving them peace of mind while saving them time and money. The program consists of six different components: Data Incident Forensic Services; Data Incident Notification Services; Consumer Notification Services; Legal Services; Equipment Replacement; Data Incident Public Relations Management. In addition, OMEGA Processing’s Breach protection provides up to $100,00 to cover potential fines and fees in the event a merchant experiences a data incident.
Want more info? Contact our customer service center today to schedule a review of your current data security program and see how OMEGA Processing can you protect your customer’s data.
866.888.9724 ext. 7