“Was your first thought is this a scam? Unfortunately, the letter is far from being a hoax, should definitely be given proper attention as it could lead to inevitable fines for yours and most businesses. The below tips will explain what a BSA Notice is, how liability may arise under a BSA Audit, how to ... Has your business ever received a Business Software Alliance Notice of Inquiry or Audit?
ISOs must always protect themselves from wily sales agents. A high percentage of fraud claims in merchant processing agreements stem from ISO sales agents’ tactics. Whether authorized by the ISO or not, these tactics can often result in ISO liability, including punitive damages in breach of contract actions. (See 1 Punitive Damages: Law and Pract. 2d ... Protect Yourself From Wily Sales Agents
ISOs are under increasing scrutiny from government watchdogs. Federal bureaus and a plethora of state agencies are ramping up enforcement efforts, even in business-to-business trade. Examples of this lie in Kansas and South Dakota – among others – which apply consumer protection laws to businesses. (See2010 WL 4429527, Door-to-Door Sales at Places of Business Subject to ... ISO’s Should Prepare To Respond To Government Agencies At The Drop Of A Hat
Authorities continue to investigate credit card theft of people who attended conventions at the Boston Convention & Exhibition Center in October 2013 and November 2013. Originally, authorities believed the theft affected about 300 attendees; now, authorities estimate hundreds more had their credit card information stolen. Restaurants, hotels, and bars located near the convention center all ... Recent Security Breaches Show ISO’s Must Be Ready
In 2013 alone, there were 894,868 consumer complaints submitted to the Better Business Bureau (“BBB”). The BBB gives free reviews on over 4 million companies, and has the distinct ability to affect your company’s capacity to do business. The BBB grades a business based on letter grades (A+ through F), and prides itself on enabling ... A Hard Target Answers All Complaints
Companies like Verizon, T-Mobile, AT&T, and Google are feeding millions of dollars into widespread consumer use of mobile payment systems. Google Wallet alone is dedicated to attaining one billion mobile payment users over the next five years. David Heun, The Wallet Story Begins to Unfold, ISO & Agent, at 60 (September/ October, 2013). The increase in ... The “Wait and See” Mentality In Regards To Mobile Payments Is Not An Option For ISO’s
Simply fill out the form below and we'll be in touch shortly.