Card issuers aren’t the only ones suffering from the bankruptcy boom. Merchant acquirers, too, face financial losses when businesses fail. How can acquirers control risk in today’s shaky economy? Acquirers rarely suffer accumulated losses as staggering as those experienced by issuers. But on occasion, when a merchant goes under, it...
QUINCY, Mass. -- Pipeline Data Inc. (OTCBB:PPDA), a valued-added provider of merchant payment processing services and other related software products, announced today that is has renewed its merchant processing agreement with CTS Holdings, LLC, a subsidiary of First Data Corp. (NYSE: FDC). First Data will continue to provide comprehensive card...
CashSolutions, LLC has announced a promotion that will provide a free VeriFone credit card/ check guarantee terminal (a $750 value) with a merchant account set-up. CashSolutions, LLC has announced a promotion that will provide a free VeriFone credit card/ check guarantee terminal (a...
SUNNYVALE, Calif.--BUSINESS WIRE--Aug. 20, 1997--A new Visa International merchant card based on one of Philips Semiconductors' most advanced secure chips -- the P83C858 cryptocontroller -- has been developed for trials in the United Kingdom and Japan starting later this year.
Recent legislation permits financial holding companies to engage in merchant banking, a lucrative activity for a handful of large commercial and investment banks for many years. The author provides a history of merchant banking and commercial bank involvement in this specialty and the present condition.
LOS ANGELES--ENTERTAINMENT WIRE--Jan. 21, 1999--Ticketmaster, a USA company (Nasdaq:USAI) has begun its rollout of accepting MasterCard, Visa and Discover at retail Ticket Center locations throughout the U.S. and has selected Chase Merchant Services to provide credit card processing for all credit card transactions. Under the long-term agreement, Chase Merchant Services...
2006 ETA ANNUAL MEETING & EXPO -- Authorize.Net, Corp., a service of Lightbridge, Inc. (NASDAQ: LTBG), today announced significant enhancements to its Merchant Interface, including a brand new look and layout as well as support for Multiple User Accounts. The Merchant Interface is a password-protected Web site that allows merchants...
This paper presents models that explain why merchants accept payment cards even when the fees they face exceed the transactional benefits they receive from a card transaction. Such merchant behaviors can be explained by competition among merchants and/or the effectiveness of the merchant's card acceptance in shifting cardholders' demand for...
The number-one question on the minds of new Web site builders is, how do they arrange to accept credit cards for payments? A good first place to start search for merchant status is own bank. Most issue credit cards, and if one have a long-term relationship, that's a big plus....
PHOENIX -- Hypercom Corp. (NYSE: HYC) announced today that EVO Merchant Services EVO, the nation's sixth largest non-bank credit card processor, has selected and Class A certified the Optimum T4100 multiapplication card payment terminal. The selection and certification means that EVO will market the device to its merchant base, and...
Have you created a website for your Internet business? Do you want to sell products through your website? Don't rush out to sell your product until you have set up an online payment system. This is critical because many people falsely believe that you just set up a website and...
DENVER -- First Data Corp. (NYSE: FDC) today announced the signing of a merchant services alliance agreement with Citibank. First Data will purchase Citibank's current U.S.-based Citi Merchant Services unit, which provides credit and debit card payment processing services to approximately 15,000 merchant locations, and manage that business in an...
Finding the best credit card after bankruptcy is not that difficult, if one knows where to look and what to look for. A secured credit card is "Secured" by a special savings account one establishes with the credit card issuer which acts as collateral for his or her credit limit....
JACKSONVILLE, Fla.--BUSINESS WIRE--June 19, 1996--AT&T Universal Card Services UCS said Wednesday its customers can now use the Internet to get timely, secure account information -- just as they do over the telephone.
208 The Visa Payroll card is a prepaid payment card that offers employers an alternative to paper paychecks. The card looks and acts like a traditional Visa card, but transactions ... 208 The Visa Payroll card is a prepaid payment card that offers employers...
Credit Card fraud can be defined as an unauthorized account activity by a person, for which the account was not intended. Operationally, this is an event for which action can be taken to stop the abuse in progress and incorporate risk management practices to protect against similar actions in the...
MOUNTAIN VIEW, Calif. -- Now small businesses can say "yes" to their customers more often. E[acute accent]Intuit Inc. (Nasdaq:INTU) today announced a new simplified credit card processing solution designed for the millions of small businesses that don't need a full accounting package or a high end merchant account service. The...
American Express Incentive Services AEIS, a business-to-business prepaid card industry leader, has announced that it will offer Merchant Management services to its patent license partners. The service allows AEIS' license partners, who license the rights to use AEIS' patented DirectSpendSM process, to tap into AEIS' established set of merchant partners...
IRVINE, Calif. -- No Borders, Inc. (Pink Sheets:NBDR) announced that it has signed an agreement with Transaction Management LLC TMLLC to provide No Borders' stored value card customers with enhanced loading capabilities at Merchant payment locations throughout the United States. Any No Borders' customer will be able to load funds...
SAN DIEGO--BUSINESS WIRE--Feb. 3, 1997--HNC Software Inc. today announced that Barclays Merchant Services, the largest merchant acquirer in the United Kingdom, has signed a seven-year agreement to use HNC's EagleTM Merchant Risk Management System to automate the merchant portfolio review process at Barclays Merchant Services.
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