Content about Merchant account

April 7, 2014

While a majority of the most popular prepaid debit cards charge monthly fees, specific fee structures vary widely.

New York – While a majority of the most popular prepaid debit cards charge monthly fees, specific fee structures vary widely. According to a study of 30 of the most widely held prepaid debit cards conducted by Bankrate.com, 83% of the prepaid cards surveyed charge monthly fees, but 33% will waive them, typically based upon the amount loaded onto the card.

March 4, 2014

While debate goes on about the use of technology to reduce the potential for credit card fraud, there are basic operational steps that retailers can take now to protect customer data and minimize risk. And the starting point should be to draw up a statement of standard operating procedures (SOP) for everyone in the organization.

October 24, 2012

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

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

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

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

May 25, 2010

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

May 14, 2008

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

January 31, 2008

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

November 13, 2005

New York City, ...

November 13, 2005

New York City, ...