Bitcoin Seeks to Expand ATM Services

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New Bitcoin ATMs continue to propel the currency forward

Bitcoin payment is still a highly controversial topic; many people don’t know what to make of it, many see it as illegitimate, and many don’t know what it is at all. Although it receives mixed reviews from economists and investors alike, the continued expansion of Bitcoin usage has caused an entirely new payment industry to arise.

As many people know, Bitcoin is a digital payment system that can be exchanged as a form of cryptocurrency. Individually valued at hundreds of USD per coin, the exchange of coins for goods, services, and even paper money has become a point of interest. In the wake of this increased interest, Lamassu Inc. has moved forward in the production of Bitcoin ATMs.

Lamassu has developed new software named Rakia, which will allow its operators to provide remittance services, bill payments and airport cash exchange. Lamassu Bitcoin machines originally only allowed users to exchange their paper money to buy Bitcoins, but since May, users have been able to receive cash in exchange for coins as well.

The software is open source, and developers are able to work with Rakia to further improve its functionality. Lamassu also keeps the Bitcoin theme of decentralization alive, allowing operators to personally decide their prices, commission rates, and partners.

Bitcoin continues to strengthen its argument as a legitimate currency with its innovate technologies. Does this mean that eventually Bitcoin may become the real deal? Comment and let us know!

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Major tech companies push for legislative reform of NSA’s accessibility laws

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With the continued expansion of internet prevalence in our everyday lives, it’s becoming harder each day to escape the ever-watching eyes of “Big Brother”. “Big Brother” is an idiomatic term that refers to government surveillance powers that oversee our actions on an everyday basis, the most relevant example in this instance being the NSA.

The NSA has recently experienced a significant amount of backlash from major tech companies because of its invasive and disturbing policies for mass data collection. A year after agency contractor Edward Snowden’s leak of private documents, executives from nine major tech companies (AOL, Dropbox, Google, Apple, Yahoo!, LinkedIn, Twitter, Microsoft, Facebook) sent a letter to the Senate demanding a reform of internet privacy and security laws.

Specifically, Microsoft sounded off about the changes in legislation that they would like to see, in reference to cyber-spying and data hacking. One of their main gripes was towards the security of cloud-based services, and the lack of certainty behind the protection of their documents and information. Microsoft claims that the government has “intercepted data traveling across the internet”, and “hacked links between company data centres” (www.thegaurdian.com).

Microsoft has a strong call to action, with five specific desires:

  1. Recognize that U.S. search warrants do not have jurisdiction outside of the U.S.
  2. End bulk-collection of data (phone records, email records)
  3. Commit to the ending of large scale data centre hacking
  4. Reform the Foreign Intelligence Surveillance Act court, which makes its rulings in private.
  5. Improve transparency in terms of exactly what rights the government has to information and records.

It’s no secret that the government watches over us and keeps an eye out for suspicious activity. Many people understand and accept that it is for the greater good, but a great many (me included) believe that it is a serious breach of our Constitutional rights. With the constant increase in web/cloud based technology that businesses use for records, it’s a scary thought knowing that your business’s private information is always at the fingertips of the government; with little to no control over what the government can do or take from us, how much power do the people really have? Is the internet just another way for the government to control us? How do you think the government’s aggressive interference with private information will affect businesses in the future? Reply and let us know!

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Unified Development Ordinance

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CoCard can be found in the beautiful community of Decatur, Georgia. Although our grassroots community is one of the most economically sound, and intriguing in the metropolitan Atlanta area, it still requires many improvements.

Many members of the community are either aware of, or actively involved in a community uplift project entitled the ‘Unified Development Ordinance’,.  For those who aren’t, ‘UDO’ is a collaborative citizen effort initiated due to the rapid economic and residential development of Decatur. This project has been put in place to help combat a plethora of conflicting regulations that have been in place long before community uplift began.

Read more about the Unified Development Ordinance here.

A majority of the UDO consists of cleaning and tightening Decatur’s library of existing development regulations, forming a unified document for practice.  A small portion consists of community gatherings and informational meetings, organized with the intention to reach a consensus on  regulations that are particularly hard to agree on.

These meetings discuss various issues in the community that play large roles in lifestyle, including: zoning categories for different residential demographics, sustainability for the environment and resources, storm water protocol for residents, and community character.

CoCard is an active member in the community of Decatur, and we offer our full support to all efforts looking to improve the quality of living for residents. CoCard  also provides electronic payment processing services for businesses located in Decatur and across the US, and we   believe that the well-being of the community is   a constant call to action for us. Whether you’re a business owner in Decatur looking to improve the community, or simply an entrepreneur looking for a secure electronic payment and fraud prevention service, CoCard is definitely the service for you!

Read more about CoCard here.

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Five Tips for POS security

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Point of Sales security is always a relevant issue for a merchant services provider. With the recent string of data breaches that have happened to well-known businesses like Target and Verizon, there are plenty of reasons to feel like your POS’s security system may not be up to snuff.

Although hackers are becoming better each day at getting access to essential data, there are multitudes of ways to help toughen the process for a determined hacker. The two major forms of hacking involve either the use of an attachable hardware device to the POS system, or using malware to hack into a POS network. Although there is no surefire way to prevent either of these things from happening, here are five tips that will help improve the security of your POS system.

  1. Always maintain the most up-to-date POS software.

POS system updates can be a drag, but oftentimes these updates provide crucial security patches that ward off malware and other hacking technology. Rather than updating technology quarterly, update the technology as frequently as possible. It’s hard to stay a step ahead of cybercriminals, but if you’re always improving, it makes the task more difficult.

CoCard provides cutting-edge POS services, featuring top-notch security and management tools.

  1. Install Firewall and Anti-Virus Software to boost your network’s immunity.

Similar to keeping up-to-date POS Software, installing new Firewall/Anti-virus software is critical. It adds an extra dimension to the security system already in place at your firm, and puts yet another wall between you and a potential hacker. Programs like Barracuda and McAfee are good choices.

  1. Create intricate passwords that are frequently changed.

This is an extremely overlooked habit that should always be practiced. Many times, hackers have no problem getting past security systems because the passwords in place are entirely too simple and intuitive. Always change from the default password that was provided for your system, and never make it something simple like “Password1” or your birth date. Find something that isn’t easily guessed, and change the password frequently, preferably every two or three months.

  1. Deny internet access from POS Stations and Terminals.

Keeping POS computers off the internet vastly reduces the risk of viruses and other internet-based malware. Only connect your system to the internet for necessary POS activities, and avoid general internet usage. Don’t give a hacker the chance to get to you by staying clear of their sights.

  1. Disable Remote Access.

Although we get accustomed to allowing IT professionals and employees to use the POS system from remote locations (not necessarily in office), hackers have a far easier time finding your device’s information when it is used away from a terminal. Restrict access to programs as much as possible, and you have vastly decreased your risk for hacking.

Although none of these solutions are fool-proof, they are steps that over time can make a big difference in your program’s safety. When thousands of potential clients’ credit information is in your hands, why take the risk? Just like you take vitamins to protect your immune system, take precautions to protect your POS system!

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Meet Rex, Weekend Support Specialist

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Take some time getting to know one of CoCard’s most promising employees, Technical Support Specialist, Rex Peterson!

Currently a Computer Science major at Georgia State University, Rex’s love for coding, mobile applications, and all things tech has led him to CoCard’s headquarters in Decatur. His strong knowledge of Mandarin Chinese and program development makes him a fully qualified member of CoCard’s bilingual support team.

Rex is the newest member of our weekend support team, available to assist you when nobody else can. Rex is in place and on call to answer any questions regarding technical support, customer transaction services, and terminal download assistance.

Aren’t you tired of constantly dealing with automated voices and answering machines? Stop wasting time and money sitting on hold, and start receiving intelligent, insightful tech assistance from our 24/7 support staff! Call us for support today!

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Run a non-profit? Call CoCard!

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Did you know that CoCard counts multiple nonprofits as clients? We’ve worked with nonprofits across the country, ranging from churches to museums and everything in between. We’re even a Goodwill preferred vendor! Regardless of your mission or services, CoCard is able to help by offering affordable, secure, nonprofit merchant accounts—so you can focus your time and your resources on what’s really important: your nonprofit. Gain insight from our team on what equipment and technology best suits your needs, from dial-up terminals to electronic payment gateway, and enjoy it all at a discounted nonprofit rate! Visit our website or call us at 800.317.1819 to get all of the nitty-gritty details.

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