Recent Articles
Five Financial Institutions Sign with Fifth Third Processing Solutions
Fifth Third Processing Solutions, LLC provides payment transaction processing and acceptance solutions to businesses and financial institutions worldwide. The company is full of innovators and has been involved in the industry since the early 70’s. The company is the product of a joint venture between Fifth Third Bank and Advent International. Recently Fifth Third [...]
Credit Card Company Attitude Shift Is Good News For Merchant Account Holders
In a shift that should be good news for merchants who accept credit cards, credit card companies are trying to change their image. Recent legislation changes and media attention have resulted in policy changes and new incentives to consumers for several credit card companies. Jason Agivaive, owner and founder of Nova Merchant Funding, feels that [...]
CO-OP Is Planning to Start Card Processing in 2010
Recent reports suggest that sometime this year CO-OP Financial Services will begin offering credit card processing to its participating credit unions. Such a launch will propel the company into a marketplace already fairly crowded with services such as TNB Card Services, PEMCO, PSCU Financial Services, TSYS and The Members Group.
Jennifer Kerry, vice president for card [...]
Merchant Warehouse and Xsilva to Demonstrate LightSpeed Integrationwith MerchantWare at Upcoming NRF’s Big Show
Merchant Warehouse has partnered with Xsilva Systems Inc., to offer LightSpeed integrated with MerchantWARE’s Payment Gateway. Xsilva created LightSpeed, which is a powerful POS for both retail and back-office financial functions like purchasing, inventory management, order processing and encrypted credit card processing.
LightSpeed combined with MerchantWARE’s impressive gateway and encrypted card reader, means that merchants won’t [...]
Different Technologies Vie to Protect Payments
The payment card industry is well aware that better technology must be implemented to protect consumers from credit card fraud and theft. The biggest problem though is choosing what system to implement in regard to cost and efficiency, not to mention the difficulties of ever finding a solution that will have 100% adoption.
Emerging protection systems [...]
Aldelo Systems Releases Enhanced Electronic Data Capture Software
Aldelo Systems Inc. has recently announced the release of upgraded software for both its EDC Version 6.2 and Aldelo For Restaurants software. Aldelo is a leading provider of easy to use and low cost point of sale software solutions for the hospitality industry. The upgrades will be available for 90 days after release at no [...]
Retirement Rewards’ Programs Add to the Ranks of Unique Credit Card Processing Incentives
In a bid to gain ground with aging boomers, especially in the face of a debit card industry that is rapidly gaining popularity, credit card companies have a new type of “rewards” card available. The new cards capitalize on recent trends toward fiscal responsibility. So-called retirement rewards cards offer consumers the chance to redeem points [...]
MagnePrint Dynamic Card Authentication
MagnePrint dynamic card authentication receives enthusiastic support by Merchant Warehouse to help retailers identify and decline counterfeit payment cards at the POS
MagTek®, Inc., already a leader in the area of secure electronic payment technology, recently announced that Merchant Warehouse supports dynamic card authentication via MagneSafe, a digital identification and authentication technology designed to protect consumers [...]
Amex and Visa Waive Fees for Haiti Donations Thanks to Huffington Post
The recent tragedy in Haiti has brought to light a real concern to charities and non-profit agencies. People have been flooding charities such as the Red Cross and Wycliffe Jean’s Yule Foundation with donations to help those in need, with a large percentage of those donations being made by credit card.
But donations made by credit [...]
New Agreement Includes Exclusive Healthcare Partnership
One of the world’s largest outsourcing payment companies, TSYS, has recently announced the signing of a long-term agreement with U.S. Bank. This means that TSYS will continue their support relationship for the bank’s commercial card payment services, and additionally TSYS will take on an exclusive arrangement to provide card processing for U.S. Bank’s Consumer Directed [...]