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Square gets shut down in Illinois 5 Mar 2013 | 09:45 pm
The state of Illinois has issued a cease and desist against Square Inc. (pdf) for violating a money transmitter act and is requiring them to cease all money transferring activities with any resident o...
Make sure your credit card processor has the correct tax information for your business 4 Feb 2013 | 11:55 pm
The IRS 6050W mandate passed in 2008 requires credit card processors to report merchant processing revenue to the IRS for each year of active processing. The IRS essentially thinks business owners are...
