Month: December 2012

Retailers could potentially charge additional credit card fees, though unlikely

Retailers could potentially charge additional credit card fees, though unlikely

Imagine a customer bringing an item that retails for $50 up to a register, then suddenly finding out that they will be charged an additional $2.50 for paying with a credit card.

Swedish payment processor gets 4 years in prison for defrauding clients

Swedish payment processor gets 4 years in prison for defrauding clients

Earlier this month, United States law enforcement officials announced the conviction and sentencing of a Swedish credit card payment processor for his role in a cyber crime ring that bilked unsuspecting businesses to the tune of $71 million.

Credit card processing fees hit restaurant industry hard

Credit card processing fees hit restaurant industry hard

For small and midsize businesses (SMBs), credit card processing fees can seriously impact the bottom line. Consequently, many companies have tried to go the cash-only route. The problem with that is, over the years, consumers are increasingly relying on plastic over paper currency.

Kickback-Based Payment Processing

Kickback-Based Payment Processing

Data shows card payments are increasing in favor among consumers worldwide, putting the onus on merchants to secure effective payment processing capabilities. However, it's important that, when selecting any new credit card processing software, businesses aim for solutions that offer flexibility and affordability. Finding such a solution can be difficult, particularly given the realities of […]

ISO-Friendly payment processor

ISO-Friendly payment processor

In the world of payment processing, there are a number of major corporations that carry a lot of clout. The Payment Card Industry Security Standards Council (PCI SSC) – the primary standards body in the sector – is itself comprised of major global payment brands, specifically American Express, Discover, JCB International, MasterCard and Visa. As […]

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