All Entries in the "Industry News" Category
Retailers Prevail Over Banks and Debit Swipe Fees in Senate Bill
Federal appeals court once called it the “clash of commercial titans.” It’s been a long struggle between financial institutions, credit card companies and the merchants who want to process credit and debit transactions. Now the fight is coming to head d in the middle of a substantial financial-regulatory bill which aims to put in place [...]
Small Banks and Credit Unions Debit Fee Changes
Community banks and credit unions in Texas are concerned the effect of an amendment to the financial reform bill passed in the U.S. Senate recently. They worry that it will affect profits.
The amendment is in respect of interchange fees, the charges exchanged between retailers and the issuing bank or credit unions for debit and credit [...]
Sales and Credit Card Processing Made Easier
Angell Eye LLC recently released the USBSwiper, with full distribution. Up to now a large percentage of online merchants have used PayPal for sales processing, especially in respect of credit card purchases which required manually typing information into the Virtual Terminal which was both time consuming and problematic. Thus the USBSwiper was created, to provide [...]
Congress Debates Debit-Card Fee Caps
According to the Electronic Payments Coalition, nearly 67 percent of U.S. households have a branded debit card, and three-quarters of those consumers use their branded card at least weekly.
The Coalition is involved in the long-standing battle over Congress’ sweeping financial reform legislation. The Senate version of the legislation included a provision where retailers who accept [...]
Mobile Credit Card Processing Apps
Inner Fence LLC and ISO Merchant Focus Processing Inc. are the new owners of AppNinjas Inc., the publisher of the iPhone application, Swipe Credit Card Terminal. The application assists merchants in accepting credit and signature debit card payments via their iPhones. Chief executive of Inner Fence, Derek Del Conte, says AppNinjas, the company’s most significant [...]
BluePay Offers Secure Hosted Payment Forms
BluePay recently introduced secure hosted payment forms. The a leading merchant account service provider’s processing solution provides the means for e-commerce clients and merchants to accept payments online via a secure Web form hosted on BluePay’s server. The form will be set up to match the merchant’s website.
Kristen Gramigna, BluePay’s director says, “Our payment forms [...]
Visa Blocks China’s Union Pay
Long frustrated at being shut out of China’s domestic credit-card market, Visa hopes to have gained some leverage with a recent reassertion of it claims that it is within its right to process certain international payment transactions with credit cards that share its logo. China UnionPay Co. currently has a monopoly on China-based credit card [...]
24 Hour Credit Card Services Approvals
Americard Payment Credit Card Services has recently started offering 24-hour approval services for credit card services from major industry players. To obtain approvals details information must be entered including name, address, email address, and phone numbers. Next customers choose the type of card they want to use as a payment option on their websites and [...]
Caribou Coffee and Fifth Third Processing Solutions
Caribou Coffee Company, Inc. and Bob Evans Farms, Inc. have renewed their credit and processing agreements with Fifth Third Processing Solutions. Fifth Third Processing Solutions, LLC provides innovative payment transaction processing and acceptance solutions for the businesses and merchants, businesses they partner with. They have been industry pioneers since the early 1970s.
“We are always pleased [...]
Windstream Communications and Chase Team Up
Windstream Communications Teams up With Chase Paymentech to Offer Credit Card Acceptance to Small and Mid-sized Businesses
Chase Paymentech has been chosen by Windstream Communications to be their exclusive provider of payment processing services. The partnership will allow the telecommunications company the ability to offer its merchants credit and debit card acceptance at rates especially negotiated [...]