At the Northeast Acquirers Association’s annual conference yesterday, Stephanie Lusher, the senior vice president of merchant sales for Vantiv, explained why she believes independent sales organizations (ISO) are facing an uphill battle at the moment.
Month: January 2013
One of the four individuals indicted for their part in a multimillion-dollar fraud scheme targeting more than 200 U.S. merchants has been sentenced to 21 months in federal prison, Bank Info Security reports.
Vulnerabilities in point of sale systems pose some of the greatest threats to merchant security and the protection of payment information, according to a recent interview with Chase
Last week, the Better Than Cash Alliance hosted a breakfast at the World Economic Forum in Davos, Switzerland. According to Bloomberg Businessweek, several members of the organization from different nations laid out arguments for the benefits that using credit cards and electronic payments offer the world’s “poor and unbanked” population.
Previously in this blog, we discussed a proposed settlement in the class-action suit brought against MasterCard and Visa from thousands of merchants in the U.S. One of the conditions under that proposal would allow for businesses to charge consumers additional fees for making purchases with credit cards in order to offset high processing and additional fees.
In the eyes of today’s merchants, POS systems are so much more than a means to conduct transactions with customers. If that were all they were needed for, old manual cash registers would still be in every retail establishment and restaurant you could find.
In years past, people typically carried more cash with them than today’s generations do. This is not the result of a change in the distribution of wealth, so much as it is a paradigm shift in how consumers go about making purchases.
Business owners do their best to hire responsible and trustworthy employees, but unfortunately people don’t always live up to expectations. Threats to your customers’ credit card information can come from outside or they can come from within, making reliable payment processing software that much more important.
Some airlines are hoping that if customers might be inclined to save themselves – and the airline – some money simply by choosing to use a different form of payment.
Promotional offers are a great way for businesses to gain traction with consumers and boost their company profiles. A perfect example would be the current partnership between MasterCard and the national book reseller chain Barnes & Noble.