Don’t forget to use
your Reward on your
next trip to Costco.
To learn more about our complete suite of Costco services,
click on the “Services” link at Costco.com or call toll-free 1-800-220-6000.
Terms and conditions apply. See “Services” at Costco.com for details. All services are provided by third parties and may not be available in all areas. Services and offers are subject to change without notice.
ELAVON PAYMENT PROCESSING
Coming your way
BY NOW, you should know a new payment
technology is coming to our shores. If you
haven’t received new chipped payment cards
from your bank or credit union, you soon will.
But there’s even more reason to read on if you
use payment processing for your business.
The United States is one of the last countries
to adopt EMV payment technology, which features an embedded microchip to provide better
card and cardmember validation to help prevent card fraud. More than 1. 5 billion chip
cards are used around the world, most
of them in the UK, Europe,
Mexico, South America and
Canada. Their success at
reducing card fraud has
been well documented.
Here are a few examples of
loss declines due to counterfeit
cards over the five years following
EMV card rollout.
• According to Financial Fraud
Action UK, the United Kingdom saw a
51 percent decline.
• Canada recorded a 54 percent decline,
per the Alte Group.
• France saw a 50 percent drop, as
reported by the Retail Payments Risk Forum.
While we’re late to the game, we’re playing
for keeps. October 1, 2015, is the deadline for
getting your business ready, as the payment
card companies are shifting the liability for certain types of card fraud to the business owner.
Be sure you’re ready. And make sure you’re
getting the best rates for your payment
processing. Learn more about Elavon’s
payment processing service for
Costco members, and special deals
on new, EMV-ready terminals.
Go to costcopaymentprocessing.
com, or call toll-free
6months left Upgrade to smart-chip card technology by October 2015
Payment processing deadline
AMERIPRISE AUTO & Home Insurance,
Costco’s exclusive insurance provider for
more than a decade, has
launched an updated interactive website where clients
can access auto or home
policy information and complete transactions in a matter of minutes. Quick Service
allows members to make or
view payments, request ID
cards and obtain a copy of
their Declarations page (which lists policy
coverages, limits and deductibles).
These items have always been avail-
able online, but the new site provides easier
and faster secure access to the items policy-
holders request most.
For more information
about Ameriprise Auto &
Home Insurance and the
savings and benefits avail-
able to Costco members,
or to receive a quote, go
to Costco.com and search
“protect.” If you’re already
one of the nearly 300,000
members who have a policy, click the
“Access My Policy” button at the top of
the page to reach Quick Service.
AUTO & HOME INSURANCE
Information, at your fingertips
MASSIVE DATA BREACHES of major U.S. companies seem common these days. Many people know someone who has been the victim
of credit card identity theft, and debit cards
aren’t the safest bet either. It makes you wonder: What’s safe anymore?
How about personal checks? You might
think they’re old-fashioned and just as open
to scams as those plastic options, but technology has caught up with the checking
industry too. Here are some reasons checks
are a good option.
• Once checks reach the bank for
deposit, they are destroyed within a matter
• Many people use debit cards freely
without keeping track of spending. Although
debit cards withdraw from your bank account,
writing personal checks makes you keep a
more accurate paper ledger of your checking
balance and spending. Duplicate checks also
help you keep real records of payment.
• Yes, thieves have been creating counterfeit checks since the check’s invention, but
most businesses verify the check writer’s
identity and signature when accepting personal checks. Rarely are you asked to show
a photo ID when using a debit or credit card,
even with instructions to see ID on the signature panel.
• High-security personal checks with
counterfeit-evident security features such as a
hologram foil bar and heat-reactive ink circle
are available for more protection.
To learn more about the great options and
savings available with Harland Clarke’s check
printing program for Costco, go to Costco.com
and search “check safety.”
Writing checks: A