Merchant Account Alerts

INTRODUCING INTERCHANGE PLUS PRICING

We are rolling-out “Interchange Plus Pricing” to any merchant, interested in saving money on their credit card processing fee’s. Once reserved for only the Walmart Size businesses, this program will save you money on your merchant account fees. Interchange Plus Pricing takes the “True Cost” charged by Visa or Mastercard and adds [...]

Amazon.com Blows Away Wall Street - Shares Soar !!!
Ecommerce Giant Amazon.com Inc (AMZN), blew away Wall Street this morning with an “Monster” 4th Quarter Report. Company reported higher than expected numbers before the bell this morning. Shares soaring with share prices running up +17 % at the market open.
Company reported a 4th Quarter increase in revenew of [...]

Credit Ratings & Merchant Account Approval
People sometimes do not understand why their credit rating is a factor that underwriters look at when approving a new merchant account application. Many times credit card processors will “Decline” a merchant soley based on their credit score.
Why The Credit Factor Is Important
Business owners must realize that appling for a [...]

Heartland Payment Systems Inc Data Breach
More information has surfaced on the cardholder data breach that occurred at the Princeton NJ’s credit card processor, “Heartland Payments Systems, Inc”. President and Chief Financial Officer, Robert Baldwin, stated “As deeply regretful as we are, it is important to note that in most of the cases the information would [...]

US Banks Report Lower Credit Card Spending
The large US Banks reported lower credit card spending in Q4-2008. According to CNN Money, the large issuing banks report consumer credit card spending was down in the 4th Quarter of 2008.

Bank Of America: Down 17.2 % in Q4, over the same quarter.
Citi Bank: Down 15 % year-over-year.
JP Morgan Chase: [...]