Archive for May, 2009
Payflow Gateway Service
Fraud protection Payflow Gateway Service is available to eBay sellers who wish to use their credit card merchant account with eBay’s Checkout, but the old story of buyer beware should be heeded. The service is offered at no additional cost, but lacks key fraud prevention and detection features available on the regular Paypal Payflow gateway.
Of [...]
Ericsson Offers Service to Cut Back on Overseas Fraud
A large proportion of the fraudulent transactions that occurred in 2007 with U.K. based cards were actually processed overseas. The total amount of fraud was approximately 535 million pounds, according to a United Kingdom payment card trade association. Banks are well aware of the tendency for fraudulent usage to take place out of the country, [...]
GoPayment
Shortly after rival Bango released a mobile payment application, finance giant Intuit, with Sprint partnering for distribution, is launching their own mobile payment application. GoPayment, Intuit’s app, will provide merchant account holders the ability to process credit card payments on the go from their cell phone and even supports 128 bit ssl encryption. A Bluetooth [...]
Data Breaches on the Rise
According to Merchant Warehouse’s president, Henry Helgeson, data breaches over the past several years have increased dramatically. The black market is saturated, with an approximate 80 million credit card numbers available for purchase, yet data theft continues to be a problem.
In a recent example, Heartland Payment Systems was the target of a system-wide data breach, [...]
Merchant Warehouse Sees Increasing Sales
Despite a desperately struggling American economy and generally sluggish sales figures, one provider of merchant accounts and credit card processing services is managing to not only survive, but grow. Within the past six months Merchant Warehouse has seen increasing sales of merchant accounts, and a record-setting April. Innovative products and solutions have contributed to the [...]
Merchant Warehouse Henry Helgeson Finalist for the Ernst & Young Entrepreneur Of The Year® Award for 2009
The Ernst & Young Entrepreneur of the Year awards program has been broadened to recognize business leaders in over 130 cities in 50 countries worldwide. Award winners in various national categories, as well as the overall national Ernst & Young Entrepreneur of the Year award winner, will be proclaimed on November 14, 2009 at the [...]
OffshoreShield
Setting up an offshore merchant account can be a difficult task, and businesses that are wise will approach the venture by doing their due diligence and proceeding with caution.
One option businesses may want consider is OffshoreShield.com, a company that specializes in a wide variety of offshore solution
s including offshore bank accounts, various types of trading [...]
Use Your Credit Card to Use the Toilet
The airline industry has highs and lows (no pun intended!) Boeing is planning to test its 787 long-haul Dreamliner soon, Qantas offers high-tech seats with in-flight SMS and USB ports and American Airlines provides on-board internet for those who hate to be away from the web for even the length of a flight.
A recent low, [...]
21 Age Limit on Accessing High Credit Card Limits
Senator Herb Kohl has achieved success with the measures he helped push forward in the Senate. After a 90-5 vote for the amendment, it should be more difficult in the future for under 21’s to access higher credit limits, as if they have a co-signer the credit card company is going to have to get [...]
Interchange Fee Legislation
Interchange fees have long been a source of animosity between retailers and credit card companies, and a recent proposed amendment to the credit card bill before Congress has reignited the dispute. Retailers feel like they may be gaining some momentum and acquiring support for the changes they say are an absolute necessity. Supporters of interchange [...]