Beneficial Ownership Rule

FAQs surrounding change instituted by the U.S. Financial Crimes Enforcement Network (FinCEN) on May 11th, 2018.

What is the FinCEN Beneficial Ownership Rule? The Financial Crimes Enforcement Network (FinCen), a department of the United States Treasury, introduced the Beneficial Ownership Rule in May of 2016 with a mandatory implementation date of May 11th, 2018.... |

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EMV Transactions Will No Longer Require Signatures

The change goes into effect on April 15, 2018

In a move that could potentially save business owners some valuable time, the four major credit card issuers in the United States–Visa, Mastercard, American Express, and Discover–will no longer require merchants to collect customer... |

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Accept Mastercard? You Need to Read This!

How Business Owners Will Be Affected By Mastercard's Update

Credit Card Processing, your business, and the new Mastercard BIN-2 Series. What is changing? Mastercard is now beginning to issue credit and debit cards with a BIN starting with the number 2. A BIN refers to the first six (6) digits of a credit or... |

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Have you heard the truth about EMV?

Myth vs Reality: EMV

  EMV: Reality Check Myth: Every business must get EMV or you will get chargebacks guaranteed. Reality: No one is making anyone get EMV. This is a choice you as the business owner have to make. Gravity Payments exists to help educate you in... |

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What is EMV?

Everything You Need To Know About EMV

What is EMV? Europay, MasterCard, Visa, or in other words, EMV, is currently the most secure way to run transactions from a plastic credit card or debit card. This technology uses a computer chip on your card to authenticate the transaction. Of... |

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