Archive for July, 2009
Merchant Warehouse Mobile Credit Card Processing
Merchant Warehouse, based out of Boston, has seen tremendous success with their mobile credit card processing application, available both in iPhone and Blackberry versions.
Henry Helgeson, president and co-chief executive of Merchant Warehouse says, “I will say we’ve got over 1,000 merchants on the iPhone. Next up is an app for devices that run Microsoft Corp.’s [...]
Credit Card Processing On the Go
One industry sure to benefit from mobile payment processing applications is the personal trainer industry. Fitness training can take place in any number of locations, including in clients’ homes, gyms or even outside at a park. But providing the services in a convenient location may create inconvenience for the fitness professional who needs an easy [...]
Network Solutions Security Breach
Shoppers of Network Solutions hosted websites may have fallen victim to theft of their credit card data between March 12th and June 8th. Network Solutions is investigating a breach that may have impacted over 500,000 users.
During routine maintenance in June, Network Solutions found some strange code on their servers and called in an outside source [...]
First Merchant Services
First Merchant Services has launched a new website focusing on their partnership with United Bank Card (UBC). The alliance with one of the most estimable U.S. payment processors will allow First Merchant Services to provide to retail and hospitality merchants free cash registers with fully integrated credit card processing.
A representative of First Merchant Services likened [...]
Can Upgrading to a POS Save You Time and Money?
Compared to a point of sale system with integrated credit card processing, a stand-alone card terminal needs more time to process credit card transactions and more time to balance at the end of the day. Replacing such a stand-alone card processing unit may be worthwhile and can even help counter problems such as forgotten orders, [...]
Choosing a Business Credit Card
Business credit cards may be the best financing option available to small business owners, as fewer credit sources offer money to them. While credit card issuance has also decreased over the past year, with a decent credit history and score small business owners should be able to receive a business credit card to help finance [...]
Mark Zaeske – Discover VP, Finance and Chief Accounting Officer
Mark Zaeske has been named by Discover Financial Services today as senior VP, Finance and Chief Accounting Officer. Zaeske will oversee Discover’s corporate procurement and payment services , external reporting, management reporting, accounting, and corporate tax. Roy A. Guthrie, chief financial officer for Discover, says, “Mark’s deep background in banking and financial services will be [...]
Merchant Aggregation
Merchant aggregation is the illegal grouping by an IPSP of several different merchants under a single master merchant account. Both Visa and MasterCard and regulations, as well as against PCI Compliance rules, prohibit such grouping and there can be very serious consequences for the IPSP, in turn putting at risk the merchant’s business.
WHEN an IPSP [...]
InsideUp
Businesses are always on the lookout for improvements, especially when it comes to quality and cost-effectiveness. InsideUp is a free service that helps businesses do both, as it matches business owners with the most appropriate merchant account provider for their needs. Vendor selection is simple thanks to online tools, a large database of verified [...]
Banks and Credit Processors Fight for Business in the Changing Economy
Normally if a person enters your store, you assume they are coming to contemplate making a purchase, not coming to give you a hard sell. That is exactly what is starting to happen though, as banks and credit processors fight for business in the changing economy.
Sales representatives of Citi Merchant Services have been making personal [...]