‘Whatever the outcome, this battle is bound to benefit consumers and merchants. By providing new and cheaper alternatives to credit cards for buying items online, these and other new online payment services could give buyers more confidence in a wider range of e-commerce sites.
The battle to control your online wallet is about to get a […]
‘An independent consultant has created a new web site offering businesses a free analysis to determine if their credit card processing fees are too high.
“There are a variety of different credit card processing fees, and trying to figure them out is a difficult task for an untrained person,” explained Chris Enders, an independent merchant account […]
‘To an extent, the bank handling your merchant account is in the driver’s seat. For Visa to OK the change you are submitting, there are certain requirements that must be met. Look at the documents - available from Visa’s security Web site - that your bank should have provided to you. For lower level processing […]
‘Clarksville-based StormPay.com issued a statement Tuesday night indicating it and another Internet company are working to resolve business disputes.
From New York to Chicago, across the West Coast and down to Atlanta — even to Malaysia and other points overseas, thousands of consumers have complained they could not access their StormPay accounts.
The Better Business Bureau alone […]
‘Internet Credit Card Processing requires more security and aggressive fraud controls than retail credit card processing because the credit card cannot be verified by swiping the credit card like with a retail merchant account. For this reason it’s very important to deal with a company that specializes in internet transactions and Internet Merchant Accounts. An […]
‘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 […]