Park City Merchant Sues Processor & VI/MC…

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…

BLOOMBERG NEWS ARTICLE ON PARK CITY MERCHANT

Tags: Credit Card Processing, Credit Card Processing Fees, Credit Card Processing Fees Legislation, Merchant Account Services, Processing Brokerage
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