Archive for October, 2008
Offshore Online Credit Card Processing
A company that wishes to accept credit cards for payment of goods or services first must set up a merchant account with a payment processor, such as a bank or credit card issuer. This merchant account provider will process transactions in order to authorize the credit transfer from a customer to facilitate transfer of money [...]
Deal is Reached Between CMT and Chicago Taxi Affiliation Services
“CMT is proud to work with Yellow, Checker and Blue Diamond which have long histories of innovation and excellence in the Chicago taxi industry,” said Ron Sherman, Founder and Chief Executive Officer of Creative Mobile Technologies (“CMT”), as he discussed the 10 year deal that has been reached between CMT and Chicago based Taxi Affiliation [...]
Monetary Fund (IMF) and US Government Announce Two Large Bail-Outs
In light of mercurial financial markets and increasingly challenging economic times, the International Monetary Fund (IMF) and the US government have announced two large bailouts. One will be to the Ukraine for $16.5 billion and Hungary will also receive a package, although the sum is currently not being disclosed. Raiffeisen International Bank Holding AG, which [...]
Quick-Serves Look to Cut Spending
A challenging economy means that quick-serves are looking to economize and cut unnecessary spending. While operators cannot completely remove the fees associated with credit and debit card transactions, shrewd operators will examine this aspect of their operating costs and do what they can to reduce such fees. Todd Giblette, vice president of business development for [...]
Tsys Partners with Sony Finance International
Tsys has just disclosed that a multi-year agreement has been reached with Sony Finance International, a subsidiary of Sony, to process its brand new credit card program. “We are proud to build on our previous success here in Japan,” said Hitoshi Kondo, managing director of TSYS Japan. “This announcement, following the announcement last week regarding [...]
Aeroflot Citibank Visa Card
An alliance between Russian carrier airline Aeroflot-Rossiiskiye Avialinii, Visa international payment system and ZAO Citibank has produced an exciting co-branded credit card in Russia. The CEO of Aeroflot, Valeriy Okulov shared, “We are convinced that the partnership of three such renowned brands will be advantageous not only for Aeroflot, Citibank and Visa, but also [...]
Mobile Donations are Now an Option
Christian organizations and other businesses across the nation will likely be delighted with the news announced recently by Mutual Merchant Services that it will it align with Zion Systems, LTD. to offer a strategic marketing alliance which will provide mobile market credit card processing services. It is forecast that by early 2009 Zion may bring [...]
Even Small Businesses Should Accept Credit Cards
Whether a business is large or small, there are multiple benefits for those who are able to process credit card transactions, yet to choose the right card processing solution requires a business to examine factors such as the nature and volume of the transactions expected.
A merchant services professional at your financial institution should be able [...]
Use of Cash and Checks Down at Checkout
The use of cash as payment has dropped to 29 percent of in-store purchases and the use of checks has declined to 8 percent , according to a study conducted by the Bank Administration Institute and Hitachi Consulting. There is burgeoning popularity for electronic payments. A survey of consumers this year found that debit [...]
ProPay eAuction Account
ProPay, announced today that eBay silver, gold, platinum, and titanium PowerSellers can now sign up for the ProPay eAuction Account. ProPay accounts offer secure, easy to use and affordable merchant payment options. “We look forward to growing our working relationship with these advanced eBay PowerSellers, and we welcome the chance to premier several additional [...]