November 22, 2017
MasterCard Releases Series 2.
In January of this year MasterCard Brand announced they had run out of card numbers. To resolve the issue, they added a new Bin Series starting with a “2”. They had advised merchants that accept MasterCard to insure their Payment System is ready to accept the new cards by June 2017.
Are You Ready For Series 2..
You may be thinking MasterCard adding a new “2” series card does not affect me. Well, it might affect you more than you think. If you are a merchants who has a newer stand-alone Payment Terminal, you are probably fine. Merchants that have integrated credit card processing with their POS system might have an issue. Many Point of Sale programs need to be updated in order to accept series 2 cards. Again, for merchants who have kept their POS Systems current, this might be a no or low cost system update. For those that have not updated their POS in some time, the cost will be more substantial as to a current version of software will be needed, which may have its own requirements that may include hardware replacement, an updated License, and installation labor.
Fees & Penalties for non-compliance with MasterCard Bin 2 Series…
- Mastercard transactions for cards beginning with a 2 will be declined when ran. Not being able to accept these new 2 series cards could potential cost you money and customers.
- If your software is not updated before the deadline, you will fall into a status of non-compliance. Non-compliant is defined as any attempted and failed transaction that is confirmed as failed due to a merchant’s lack of readiness to support 2-Series BIN cards.
- $2,500 per occurrence in the first 30 days.
- Escalating up to $10,000 in the next 60 days.
- Up to $20,000 per occurrence for the subsequent violations.
November 7, 2017
Emerald Business Systems latest MobileBytes install tackles Eugene’s premier vegan restaurants the Cornbread Cafe . The cozy 1950’s diner atmosphere, friendly staff and vegan comfort food are what make Cornbread Café stand out in the Eugene restaurant scene. Cornbread Café’ is known for trying to source as many local ingredients as possible, and they have a strict policy against using genetically engineered ingredients in their food.
Cornbread’s prior point of sale system was lacking in reliability, features and customers service which finally compounded enough that they knew moving away from it was the right decision. We here at Emerald proposed moving them to the MobileBytes cloud based point of sale system. With MobileBytes advanced feature set and ease of use we knew we could help the Cornbread Café grow their business while reducing overhead. Cornbread Café plans on using Mobilebytes fully integrated online ordering to market their food to an ever growing technology oriented customer base. They will also be using MobileBytes advanced reporting features to help reduce food & labor costs increasing their bottom line.
By getting the right technology in place we eliminated the headaches that their prior system created and allowed them to focus on providing their customers with the dinning experience they deserve. MobileBytes POS leverages power, convenience, and simplicity to create a Point-of-Sale system that works for you. POS software should provide a substantial return on your investment and we know it will for the Cornbread Café.