Archive for October, 2009
Banks to Charge Fee for Paying Card Off On Time
Beginning in early 210 some cardholders at Bank of America who have never carried a balance or paid a late fee may find out that their bank intends to start charging them an “experimental” annual fee, ranging from $29 to $99. And Citigroup has plans for similar fees, and they are targeting cardholders who spend [...]
PrePaid Cards are Becoming More Popular
Consumers are increasingly turning to prepaid cards as an alternative to credit cards with their high interest rates and overdraft fees. Prepaid cards offer another type of money-management option. The cards are preloaded with funds, and then can be used to pay bills or make purchases both online and off. Of particular interest to some [...]
Merchant Warehouse & Aldelo Integration Revolutionizes Data Security Within the Hospitality Industry
Merchant Warehouse and Aldelo, have recently joined forces, with Merchant Warehouse providing their MerchantWARE data encryption solution to be utilized with Aldelo’s point-of-sale system for restaurants. The partnership is sure to be welcomed in the hospitality industry as businesses work to implement the necessary standards required for PCI compliance.
The MerchantWARE solution encrypts data at the [...]
Pre Loaded Gift Cards Can Have Attached Fees
Many holiday shoppers find that gift cards are a simple and satisfying gift to give to family and friends. Pre-loaded credit cards such as Visa, MasterCard or American Express are particularly popular, but they do have some drawbacks that consumers should be aware of.
With some of the pre-loaded gift/credit cards, there is a fee of [...]
How to Choose the Right Dropship eCommerce Payment Processor
Local banks are not too likely to provide payment processing options to online or dropship businesses, due to expected higher fraud risks. Online businesses that are starting up should therefore consider ecommerce payment processors over local banks.
Of course there is an incredibly wide selection available to business owners who are considering online payment processors. Some [...]
Avoid Paying Bank Fees
Overdrafts and ATM charges are resulting in record highs on checking account fees this year. Wise consumers know how to avoid such fees though, in fact, over 50% of bank customers pay no monthly fees at all! The top fees that up your monthly amount owing include bounced check fees, low-balance charges, overdraft fees, and [...]
Merchant Warehouse and Aldelo Revolutionize Data Security Within the Hospitality Industry
Aldelo, a leading provider of affordable, easy to use restaurant Point-Of-Sale (POS) software solutions has recently partnered with Merchant Warehouse, a leading credit card and merchant account processing provider. Together, the companies plan to assist hospitality organizations who need to adapt to the Payment Card Industry Security Standards Council’s increased security requirements. Their goal will [...]
Transparent Financial Services Gets Grant to Expand Nationaly
Chicagoland Entrepreneurial Center has provided a grant to Transparent Financial Services, a comparison shopping site for credit card processing services. The grant is part of the Chicagoland Entrepreneurial Centers Entrepreneur in Residence program, and will allow the company to expand on a national basis.
David Weinstein, Chicagoland Entrepreneurial Center’s president, said “TransFS came to the CEC [...]
Revolution Card
Revolution Money is a modern financial company with an impressive list of owners including former US Secretary of Treasury, Lawrence Summers; David Pottruck, former CEO of Charles Schwab and AOL founder Steve Case. Revolution Money is planning to provide an alternative choice to using PayPal or credit cards. All transactions within the system are completed [...]
Commerce Online Announcement
While the current economic climate is still far from ideal, there are positive signs emerging. In the merchant payment industry, such a positive sign was recently seen when Commerce Online Inc. (www.800commerce.com), a company the provides both online and bricks and mortar payment solutions, announced that they had signed new business in the approximate amount [...]