Content about Merchant account

October 24, 2012
Barnes & Noble reports breach of customer credit data at stores

Barnes & Noble said it has detected tampering with PIN pad devices that are used in 63 of its stores.

New York -- Barnes & Noble said it has detected tampering with PIN pad devices that are used in 63 of its stores. Upon detecting evidence of tampering, which was limited to one compromised PIN pad in each of the affected stores, chain discontinued use of all PIN pads in its nearly 700 stores nationwide by the close of business on Sept.14.
 
In addition, the company notified federal law enforcement authorities, and has been supporting a federal government investigation into the matter.
 

July 19, 2012
Moody’s on Credit Card Interchange Fee Settlement

The July 13 settlement of a lawsuit over allegedly fixed credit card interchange fees is a credit positive for the two largest industry players Visa and Mastercard, but will have a smaller impact on merchant acquirers, retailers and banks, said Moody’s Investors Service in a new special comment "Credit Card Interchange Fee Settlement is Credit Positive For Visa, MasterCard."

The July 13 settlement of a lawsuit over allegedly fixed credit card interchange fees is a credit positive for the two largest industry players Visa and Mastercard, but will have a smaller impact on merchant acquirers, retailers and banks, said  Moody’s Investors Service in a new special comment "Credit Card Interchange Fee Settlement is Credit Positive For Visa, MasterCard."

February 9, 2012
New POS Technology Available to Retailers in 2012

By Shannon Martin, shannon.martin@onlinemediapartner.com

There are a variety of new technologies that will become available throughout 2012 to small business owners looking for ways to process credit and debit cards. In the past, business have had to rely on costly terminals purchased from merchant account providers who charged not only for the equipment, but also for the processing of the cards used by a business’ customers.

July 14, 2010
Retail groups praise Senate’s passage of swipe fee reform a win

The Retail Industry Leaders Association (RILA) and the National Association of Convenience Stores (NACS) praised...

May 25, 2010
Vermont first state to limit credit-card swipe fees

Vermont has become the first state to pass legislation limiting the swipe fee on credit-...

May 14, 2008
NRF Pushes for Credit-Card Reform

The National Retail Federation (NRF) is urging the House Judiciary Committee to support anti-trust legislation...

January 31, 2008
European Commission Rules to End Interchange Fees

In December, the European Commission (EC) ruled that hidden fees charged by MasterCard to...

November 13, 2005
Wal-Mart to Accept Low-Cost Debit Network

New York City, ...

November 13, 2005
Wal-Mart to Accept Low-Cost Debit Network

New York City, ...