Strict Gun Laws Mean Fewer Shooting Deaths

 

(Reuters) – States that have more laws restricting gun ownership have lower rates of death from shootings, both suicides and homicides, a study by researchers at Boston Children’s Hospital and Harvard University found.

States with the most laws on gun ownership, including Massachusetts and New Jersey, have 42 percent lower rates of death from guns than those with the least restrictions, including Utah and Oklahoma, according to the study, published on Wednesday in the online edition of JAMA Internal Medicine.

The study was released as a Senate committee approved new gun-control measures backed by President Barack Obama to crack down on illegal trafficking in firearms in the wake of the December massacre at a Connecticut elementary school.

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Credit Card Processing:

Taxi and Limo Mobile Credit Card Processing

Advances in technology have made it easier than ever to shop via credit card or debit card, virtually eliminating the need to carry cash. Cash is easy to lose and offers no security if lost or stolen. That’s why many people now carry less than 10$ in cash and change in their pockets. In fact it has become so commonplace that cash is not necessary that when suddenly confronted with a business that does not take credit or debit forms of payments many customers are thrown for a loop and left without another easy payment option.

Many taxi and limo commissions are getting with the times and requiring vehicles to accept electronic forms of payment. Business men dashing to a meeting, tourists flocking to the latest attraction and people heading home from bars and events are now able to pay for their cab or limo with plastic. Many cabs and limos are now installing credit card machines in the back for customer use. In areas where it is now a law that cabs accept electronic payment, the rule is even written into the customer’s bill of rights posted in the backseat.

Some taxi and limo workers however have been disillusioned with the new rules since many credit card processing companies charge huge fees to use their services. This can lead to disgruntled employees and inconvenience to customers who get into a cab planning to pay by credit card as posted but later told the machine is broken or unavailable because the vehicles operator doesn’t like the fees. The fees are not allowed to be passed on to the consumer and minimum fares are not allowed to be imposed on the passengers either. Think of it this way, if the fare is low to start with then deducting another 5% or so off the profits makes the transaction almost worthless to the driver. Minimizing the difficulty and costs associated with electronic transactions is very important.
Using the services of Electronic Transfer Inc. can make the transition easier and more cost efficient. They offer services for all major credit cards with a very low startup cost. In fact, many of the startup costs associated with other transaction company have been waived or eliminated by Electronic Transfer Inc. There is simply no comparison between their costs and the competition.

Accepting electronic payments can increase your revenue and widen your customer base. As people move away from using cash and carrying it less often, you will lessen the risk of being stuck with a passenger unable to pay the fare. People paying by credit card have been known to spend more money per transaction. Now Electronic Transactions Inc. has made it even easier for taxis and limos to accept credit and debit cards with mobile payments made by IPhone, Android or other smart phones. Mobile payment is the fastest growing payment option in electronic payment popularity.

The Better Business Bureau gives Electronic Transactions Inc. an A+ rating. They have been in business since 1989 and have services thousands of clients. Increase the power of your business today by choosing to accept credit and debit card payments.


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Credit Card Processing:

Some Hidden Credit Card Processing Fees to Watch Out For

Some of the “un-mentioned” fees include:

Over Limit Fee
Under Limit Fee
CVV/CVV2 Verification
Annual Fees
PCI Fees
Card Not Present Surcharge
Address Verification “Doesn’t Match” Surcharges

Savvy merchants calculate their “effective rate” by adding up the fees on a monthly statement, dividing the total by their statement’s credit card net sales and multiplying that by 100.

Deceptively low rates. Salespeople can offer a rate lower than a merchant is qualified to receive. That happens in tiered pricing where the agent quotes the merchant the debit card rate without mentioning downgrades for transactions that don’t qualify. We’ve all seen ads offering processing at 1.39%. Merchants don’t know the right questions to ask. A merchant’s swiped credit and rewards card transactions should generate a large difference when the effective rate is determined for the month.

Interchange Plus – Interchange Plus Pricing can be good if it’s set up correctly but it’s usually padded with additional fees. Interchange Plus works like this: A processor offers you .50% over the interchange rates Visa, MasterCard and Discover charge them. This allows them to advertise a rate of only .50% but the true cost is really closer to 3% – 4%. For Example: There is a phone company advertising a $14.95 per month five year high speed internet access service on TV right now. The problem is the $14.95 is their cost and when you add in all the taxes and other fees the true cost is close to $50 per month. It’s 100% legal but not the whole picture!

Phony offer of $500. The agent tells a merchant that, “If I can’t save you any money on your monthly contract, I’ll give you $500.” What the agent really wants is a look at the current contract. No matter what the document says, the agent can vow to beat the rate.
How? By failing to mention that some of the fees that will show up on the statement.
Also consider a company paying straight interchange with no other fees. An agent could offer to pay $5 a month just to process with his company for the next two or three years. It would cost the processor $120 to $180, plus the cost of the setup, but it would eliminate a $500 payout. But no merchant would even switch for $60 a year savings, so the proposal is just to avoid the payout.
“Free” terminals. So-called free terminals are really loaners that merchants lose if they switch processors. If they change merchant-services providers, merchants have 10 days or so to return the equipment or else the acquirer debits the full amount specified on the terminal agreement form.

Such terminals don’t even qualify as “free use” equipment because they general come with minimum requirements for rates, monthly fees, monthly minimums and other fees.
ISOs offering free terminals sometimes include a clause on the forms merchants sign that specifies a 50% premium above the terminal’s “sale price” if the merchant fails to return the equipment.

Claiming to work for card brands. “I work directly for MasterCard and Visa,” some agents assert.

That can put merchants at ease but opens the door for scams. Warn clients about agents that make that claim. Including this line anywhere in a sales presentation should scream to a merchant that either, “I am too new to understand why this is wrong,” or “I am going to stick you because you’ll let me.” Either way, the agent should be shown the door.

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