Restaurants and Credit Cards. A Dangerous Combination

Whether you're a restaurant owner or a regular patron of restaurants this is an article you need to read. We have been working with payment industry experts and companies for nearly three years on several projects including pay-at-the-table, gift and loyalty card programs, wireless terminals for delivery, online ordering and most importantly the major threats surrounding credit card fraud and identity theft in restaurants.

One of the most jaw dropping facts we came across is that using your credit card online is actually more safe than using it at a restaurant. This is right from the card associations. If you look at the number of ALL cardholder compromises, restaurants make up 40% of them! That is more than any other business segment.

The article on Restaurantpartner.com entitled "Restaurants and Credit Cards. A Dangerous Combination" is lenghthy but outlines what you need to know as a restaurant owner about this growing threat and even more importantly the fines and regulations by the major card companies such as Visa and MasterCard. They have stepped up regulation, set standards in place and are now requiring compliance by all businesses that accept credit cards. Plus, the government is following suit by passing their own state legislation.

Be sure to read this one. You won't regret it.

http://www.restaurantpartner.com/WhatsNew/restaurantsandcc.html