‘A judge has asked Visa and MasterCard to disclose details about their relationship with CardSystems Solutions, the payment processor that was the subject of a high-profile data security breach.
The information, such as contracts between the companies, should help determine whether the credit card companies have responsibility under California law to notify consumers whose personal details […]
‘UK mortgage lending and approvals picked up in August, but credit card lending slumped, according to a new survey.
The survey, from the British Bankers Association, indicated that although the housing market is stabilising, consumer spending remains weak.’
Read more at UK mortgages up, credit cards down
‘Four merchant groups have filed an antitrust lawsuit against Visa USA, MasterCard Inc. and dozens of major banks, saying they colluded to set excessive credit card fees.
The plaintiffs estimate damages “will range in the tens of billions of dollars,” according to the 59-page class-action complaint, filed Friday with the U.S. District Court in Brooklyn, New […]
Sitepoint has a good article Reviewing 6 Payment Gateways Reviewed. They write - ‘So you’re starting your own ecommerce Website? Good for you! But you have many decisions to make. Do you write your own shopping cart or use an existing one? Who should be your merchant account provider? Who will deliver your goods? With […]
‘So, what is the sequence of events when a customer buys something from my online store?
“1. Customer visits your site 2. Customer clicks on a “buy me” button after reviewing sales copy 3. The selection is added to the shopping cart. 4. Once at the ‘checkout’, the customers’ personal and financial details are recorded via […]
‘When you´re ready to think about accepting credit cards, chances are you´ll turn to your bank to process the transactions. It´s a logical choice, but your bank may not provide the service or be willing to offer it to you if it considers your business too risky.
Click Me!
Banks are cautious about providing merchant accounts to […]
SAN JOSE, Calif., Aug. 31, 2005 - PayPal, the global online payment service, today announced new micropayments processing fees for digital goods. The new pricing will provide merchants with a more affordable way to process payments for low-cost digital content such as video games, online greeting cards, news articles, mobile phone content and digital music. […]
BD4D has a good post on how to get your business set up with a Merchant account:
‘In the latest (and probably last) instalment of our “Building a Startup” series, I’m going to talk about my experience with banks in the UK. We’re going to specifically focus on getting a Merchant Account - that golden object […]