Archive for the ‘Credit Card Processing Legislation’ Category|
Thursday, January 12th, 2012
Happy New Year!
This article came across the wire a couple days ago and we think there are some important lessons to be learned from this article:
1.) Keep your data safe: Though the merchant has been able to prove that a data breach did not occur at their restaurant, many merchants aren’t so lucky. This article shows power that VI/MC and the processor has over the merchant.
2.) Hidden Fees Add Up: “In September 2008, the McCombs found that US Bancorp was taking money from its account, they said, with deductions eventually reaching $10,172. To prevent further seizures, they closed the account and found a new bank and processor, they said.” This is the exact reason why the Processing Brokerage was founded, to fight against the rise of hidden fees.
Check out the article and let us know what you think…
Tags: Credit Card Processing, Credit Card Processing Fees, Credit Card Processing Fees Legislation, Merchant Account Services, Processing Brokerage
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Tuesday, October 4th, 2011
As many of you know, the Durbin Amendment went into effect on October 1, 2011. The following is an article from Fox Business News that explains what this means for merchants…
Tags: Credit Card Processing, Credit Card Processing Fees, Credit Card Processing Fees Legislation, Durbin Amendment, Interchange Fees
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