According to an article in today’s (2/7/13) Wall Street Journal, America is joining the rest of the world next year by
switching to chip-and-pin transactions to reduce fraud. If businesses fail to switch and the card is used for fraudulent activity the merchant will be responsible for the money.
Here’s the article by Tom Gara:
It’s a payment ritual as familiar as handing over a $20 bill, and it’s soon to go extinct: prepare to say farewell to the swipe-and-sign of a credit card transaction.
Beginning later next year, you will stop signing those credit card receipts. Instead, you will insert your card into a slot and enter a PIN number, just like people do in much of the rest of the world. The U.S. is the last major market to still use the old-fashioned signature system, and it’s a big reason why almost half the world’s credit card fraud happens in America, despite the country being home to about a quarter of all credit card transactions.
The recent large-scale theft of credit card data from retailers including Target and Neiman Marcus brought the issue more mainstream attention, leading to a Senate Judiciary Committee hearing this week. Executives told the senators that once the country transitions to the new system — which includes credit cards embedded with a microchip containing security data — these kind of hacking attacks will be much more difficult to pull off.
The shift is coming though: both MasterCard and Visa have roadmaps for the changeover, and both have set October, 2015 as an important deadline in the switch. But why has it taken this long, and how will the changeover work for card users and businesses?
With 96 percent of the world’s mobile search market, Google is the dominant search engine, according to StarCounter, which tracks web use. It collects 57 percent of mobile ad revenue in the U.S., while its nearest competitor, Facebook, gets just 9 percent, according to eMarketer.
Google makes more than 500 adjustments per year to the formulas that determine what results are generated when a user enters a search. That’s more than one a day. You can’t just create a web site and forget about it. You’ve got to get to and stay on Google’s first page and that’s not happening unless you nurture your site, just like you would nurture a child.
But you’re not done yet and, quite honestly, you never will be once you jump into the Internet pool. Improvements to your site — such as video — is becoming a must.
Meanwhile, mobile apps development is moving at the speed of light. Yelp and Open Table, for instance, totally bypass Google by taking you directly to a place that can meet your needs, such as booking a table for dinner. Does your business site have a mobile app?
As newspapers shrink and cut staff and coverage, small businesses are finding it harder to get out their message via traditional channels. So they get someone to build the business a web site. Great. But does it look the same today as it did a week, month or year ago? That’s not so great.
If any site isn’t updated regularly, Google gives it a lower rating than a site with new content every day. With 96 percent of the world’s mobile search market, Google is the dominant search engine. One of the many things Google’s spiders like when crawling through the web is search engine optimization (SEO), a process that improves the volume and quality of traffic to web sites. The higher your site ranks in the results, the more visitors it receives. Loyalty is not a given. Everyone has a website and if they don’t find you, they will find a competitor.
Return often to learn how easy it can be to increase content which is just one way to optimize your website and the Google spiders will eat you up — in a good way, of course.