Page 3 - Credit Card Processing News Today

Issue the bond, really have vetted the company. so that already gives you some validation that this company, you know, at least does business well, is in good standing, and if their services, if something goes wrong in their services with you, thats where the bonding comes in, that you can seek damages or seek recompense for that. >> you know a lot of companies outsource things. small business owners are up to their ears with things they have to think about so if they can just move payroll to so...

First target the security breach that compromised the confidential information of millions of americans. then we learned about neiman marcus the high end retailer disclosed it too had been hacked. were waiting on how many people are affected. a report from the cyber watch group, intel suggests six more retailers have yet to tell customers they have been breached as well with the same malware. attacking their online credit card processing. so the question now, where should we look next? >> once i...

Card pin hit cancel and go through it the credit card processing at least the credit card companies can protect you, right? >> well, with the debit card you still dont get the same protection as a true credit card. however though, because you are not using your pin, you do -- they are not getting your pin data, they could still take your credit card data. the electronic funds transfer act still limits your liability to $50. but its going to take you a long time to get the money your money out of...

Of marijuana plants, is that what we are talking about. >> reporter: these are companies that largely service the equipment, the products that you need to grow marijuana. lets look at a couple of these companies. one is called grow op technology. it calls itself an ago culture solutions provider. weed grow is the walmart of weed. they sell hydroponic things. grow lights, plant materials. lets talk about another company its called general cannibis. already plans to expand and open ten additional ...

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These relationships with all of these companies. john: how did you find out that you had been choked by operation chokepoint? >> we were told that we were rejected due to our industry. >> you suddenly come you couldnt use your paypal account enact. >> upright, we couldnt use the credit card processor that links to your website. john: you then try to open a bank account enact. >> i was told that a branch manager you can have your bank account you cannot have this to your industry. john: that mean...