Glossary of Payment Information and Security Terms

July 22, 2016

Glossary of payment and security terms

Acquirer. Merchant Bank. Multi-Factor Authentication. P2PE. PIN. PAN. BIN.

The PCI Security Standards Council has released a glossary of Payment Information and Security Terms. Be honest…. how many did you know?

Small_Merchant_Glossary_of_Payment_and_Information_Security_Terms

 


SMB Data Security Resources

July 21, 2016

The PCI Security Standards Council has developed a number of payment protection resources for small businesses. In this guide, they point out questions small business owners should be asking their vendors and service providers. These questions are intended to help merchants understand how the systems and operations of outside vendors affect customer card data.

Small_Merchant_Questions_to_Ask_Your_Vendors

questions to ask your vendor


Visa, MasterCard Settlement Denial — A Closer Look

July 21, 2016
MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong December 8, 2010. REUTERS/Bobby Yip

A federal appeals court threw out the previous approval of a antitrust settlement that had been reached Visa and MasterCard with millions of retailers. In addition, the court decertified the case as a class action.

The three-judge panel unanimously struck down the settlement, stating that the agreement was unfair to retailers that stood to receive no payments and, in the court’s view, little or no benefit at all.

The settlement was reached in December 2013 after a decade of litigation brought on behalf of about 12 million retailers against Visa, MasterCard and the banks that issue their cards. The settlement had called for retailers that accepted Visa or MasterCard from January 2004 – November 2012 to share in as much as $7.25 billion. Retailers that started accepting cards after November 2004 were to receive inuunctive relief in the form of rule changes. American Express and Discover were not part of the litigation nor the settlement

It had been the largest all-cash U.S. antitrust settlement, through the value shrank to under $6 billion after thousands of retailers “opted out.”

Retailers started accepting cards after November 2004 were to receive injunctive relief in the form of rule changes.

What’s next?

The case now returns to Brooklyn federal court, where it will be overseen by U.S. District Judge Margo Brodie. The settlement will now need to be renegotiated, or the case could go to trial. The next formal action will be a conference/hearing set for August 11, 2016, with all parties representing the plaintiffs and defendants.

OMEGA Processing Solutions will continue to monitor the legal proceedings and keep our merchants informed of the case’s progress.

 


So Many Herbs, So Little Thyme

July 18, 2016

Colonel De Gourmet Herbs & Spices as OMEGA MVPcolonelde

As a young boy, De Stewart would watch as his mother and her friends would spend hours in the kitchen, creating wondrous meals for all to enjoy. He loved observing all of their creations, but something was telling De there was more—thus sparking his interest in herbs & spices.

From there, De would grow up with a wide array of jobs. During summers he would help his grandfather in his fish and poultry shop, which had a regular customer that just happened to be a very young Muhammad Ali. Twice in his career, he found himself working for Col. Sanders, the Kentucky Fried Chicken guy. After 30 years of working in IT, serving on the Northern Kentucky Chamber of Commerce Board of Directors, and becoming a real Kentucky Colonel, De yearned for something new and different.

“I remembered my childhood and how much I loved spices, food, and cooking and I went for it,” Colonel De said. “My wife, Susan and I were selling a small handful of products at Farmer’s Markets all around Cincinnati, when we were approached by a staff member of Findlay Market. While shaking like a leaf we signed our first lease and never looked back.” And thus, in 2005, Colonel De Gourmet Herbs & Spices was born.

Today, the store boasts over 500 herbs, spices and blends and is located both online and in four physical stores. They are one of only a handful of vendors who are able to offer many of their exotic products. When it comes to Colonel De’s, three words come to mind: quality, quantity, and price. “I believe it is the freshness of our product and the fact that you purchase as much or as little as you want. I’m happy to sell someone a teaspoon of a product, because I know they will come back for other things,” The Colonel said on what sets them apart.

colonel de's findlay

So what can you expect when you walk into Colonel De’s store (aside from the amazing product)? Lots of smiles and laughs! Don’t let the name fool you—The Colonel loves to crack jokes with the customers. In fact, each new employee is taught that one of their main goals is to have each customer walk out of the door with at least a smile, if not a chuckle!

There are many reasons people start businesses, and for De, it was his love of cooking. Now, over ten years down the road, his answer to why he loves his shop hasn’t much changed—helping other people love to cook. “I’ve had customers come back and tell me that cooking is fun once again,” De said. “Or they will say something like ‘my kids ate their carrots and loved them’. That’s the kind of feedback I live for.”

Whether you are just starting out, looking for something new, or are already a professional chef, Colonel De Gourmet Herbs & Spices has everything you could need. They are located at Findlay Market, Jungle Jim in Cincinnati, Friendly Market in Florence, Kentucky, and have just opened their World Headquarters at 18 N Ft. Thomas Ave, Ft. Thomas, KY 41075. You can also visit their website for products, shopping, and more information. So go visit Colonel De and find out what your recipes have been missing!

MVP LOGO

The OMEGA MVP program was organized to help recognize, celebrate and promote the merchants, vendors and partners of OMEGA Processing Solutions. Colonel De Gourmet Herbs & Spices has been an OMEGA Processing Solutions merchant since 2013.


Password Security in 2 Minutes

July 8, 2016

A strong password can make all the difference when it comes to security. Learn how to generate a secure password in this 2 minute quick tips video on creating a strong password.

https://www.youtube.com/watch?v=FsrOXgZKa7Upassword security


Visa MasterCard Lawsuit Settlement Rejected

July 1, 2016

Visa MasterCard $7.2 billion lawsuit settlement with retailers is rejected. 2nd U.S. Circuit Court of Appeals in New York said the accord was unfair to retailers that stood to receive no payments. The case will return to the Brooklyn federal court.

http://www.reuters.com/article/us-visa-mastercard-settlement-idUSKCN0ZG21E

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong December 8, 2010. REUTERS/Bobby Yip


Manage Your Time With These 3 Questions

June 28, 2016

How can we spend time where we add the most value and let go of the rest?

We recently came across this time-management secret. Before doing a task, ask yourself three simple questions.

Time Saving Test


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