Archive for December, 2009
Taking a Swipe at Card Processing Fees
Business owners are increasingly frustrated by interchange “swipe” fees that card issuers simply refuse to negotiate on. Some have begun offering discounts for cash purchases and others are taking an even more drastic step, by refusing credit cards as a method of payment altogether.
On Capitol Hill, a war is being waged as some legislators propose [...]
Retailers Can Protect Bottom Line During Holidays
Thanks to continued uncertainty about the financial climate on the part of consumers, both the National Retail Federation (NRF) and the American Research Group are predicting sales decreases during the holiday season. Weak sales during a usually busy time, means that retailers want to be proactive about cutting operating costs and maximizing their revenue.
One area [...]
Transaction Fees Still Up in the Air
Just this year President Obama signed into law the Credit Card Accountability, Responsibility and Disclosure Act, also known as the CARD Act. The law was designed to correct poor behavior on the part of credit card companies. Unfortunately, it seems that in the face of required compliance to the new law, the credit industry has [...]
Merchant Warehouse Offers Tips to Keep Customer Transactions Secure
The holiday season is in full swing, but it’s never too late to make sure your credit card information and personal data are protected. In fact, Merchant Warehouse has tips for merchants to help their customers protect their private information, incredibly valuable during such a busy shopping time.
Merchant Warehouse provides merchant account and credit card [...]
Unsecured Card Processor Law Suit
Seven restaurants, located in Mississippi and Louisiana have filed a class-action lawsuit against Radiant Systems, a Georgia-based company that they say produced a point-of-sale credit processing system that was not in compliance with payment card industry security standards. The restaurants further allege that the non-compliance ultimately resulted in some of their customers having credit and [...]
Square iPhone Credit Card Processer
A new option is appearing in the credit market, that may appeal to business owners or direct sellers who want quick and secure options for accepting credit card payments on the go. Square allows users to quickly sign up with no commitment in the form of contracts or monthly fees.
Square has been developed by [...]