Retailer uses backdoor to beat credit processing fees
Since Wal-Mart – one of the nation’s largest commercial powers applied for a banking charter, a brouhaha has been brewing over the implications of such an act. Applying in Utah, which is just one of the five states that issues industrial banking charters, Wal-Mart aims to establish a bank to avoid fees associated with the processing of credit, debit and electronic checks transactions. A... [Read more]
Merchant Processing Pointers
The merchant account processing world is tough to ignore if banks want to please their business customers. There’s also the potential for revenues: combined MasterCard and Visa annual transaction volume topped $1.5 trillion in 2004. There are three types of merchant processors, according to the Office of the Comptroller of the Currency-acquiring banks, agent banks with and without liability,... [Read more]
Total Merchant Services
I just ran into this site Total Merchant Services that has a similar name to our blog. I was checking out their prices on credit card processing services and noticed they have real good rates and they even provide a low price guarantee. Their retail rates are 1.69% plus $0.08. they also provide the equipment for free. If you are looking for merchant account provider or even looking to cut some of... [Read more]
Merchant Service Provider with Great Rates
Total Merchant Services is a leading merchant account provider for small, medium and large businesses that accept credit card payments. Guaranteed to offer the lowest rates in the industry, Total Merchant Services is also well-known for offering dedicated point of contact merchant support, a variety of equipment options, cutting-edge technology and customer satisfaction. Total Merchant Services... [Read more]
A New Approach to Growing Your Merchant Processing Business
In the past five years, the business climate for merchant processing has changed significantly. Profit margins are continuing to shrink and consolidation within the industry is at an all-time high. According to Mark Abbey, a partner with First Annapolis and a guest speaker at the recent Electronic Transaction Association’s Strategic Leadership conference, the top 10 acquirers have 40 percent... [Read more]
Merchant Bank Card Processing
Do you have customers going to your competitor for services your customer doesn’t realize you provide? With all the bank products and services necessary for today’s business customer, it may be a challenge to remember to offer everything a business needs on the first pass. This may leave your business customers vulnerable to a competitor’s call with an offer your bank should have... [Read more]
Choose Electronic Merchant Account Vendor Wisely
Setting up the ability to process electronic transactions is easier than you may think. Merchants can establish credit- and debit-card capabilities through any bank or credit union, or through private companies represented by larger financial institutions. Terminals can be purchased or leased, and the company helps with setup. Check verification and other electronic transaction processing fees vary... [Read more]
Moody’s: 1Q credit card charge-offs reach record
The amount of uncollectable debt credit card companies wrote off in the first quarter reached a record high, but there are signs the problem is easing, Moody’s Investors Service said Friday. Read the rest here: Moody’s: 1Q credit card charge-offs reach record Read More →
Blippy users’ credit card numbers exposed in Google search results
Sharing your credit card and online purchases with friends on the web sounds risky and it is. Read the original post: Blippy users’ credit card numbers exposed in Google search results Read More →
Blippy users’ credit card info exposed on Google
Credit card numbers of the social shopping site’s users were found in nearly 130 Google search results for “Blippy” and “from card,” according to a VentureBeat report. Excerpt from: Blippy users’ credit card info exposed on Google Read More →
Social Media Blooper Exposes Users’ Credit Card Numbers
A service for broadcasting credit card transactions is also broadcasting the card numbers themselves Excerpt from: Social Media Blooper Exposes Users’ Credit Card Numbers Read More →
AmEx, Capital One Reclaim Reserves as Credit-Card Defaults Wane
April 23 (Bloomberg) — American Express Co. and Capital One Financial Corp. See the original post: AmEx, Capital One Reclaim Reserves as Credit-Card Defaults Wane Read More →
