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MerchantService.com Announces New ISO / Agent Program
MerchantService.com announces their ISO / Agent program for experienced merchant services sales offices and ISO agents. The program features an exclusive, registered brand name of Merchant Service Group of “geographical area” for each ISO/Agent. “To maximize your sales success … Continue reading →
| Merchant Services now offers eC Cash Advance Program at MerchantService.com
Sarasota, FL – December 6, 2011 – MerchantService.com, a leading merchant services provider, is pleased to announce they now offer the eC Cash Advance program which provides business cash advances through account receivable financing. Business Cash Advances are not … Continue reading →
| MerchantService.com Offers $50,000 in PCI Breach Coverage Insurance to Merchants
Sarasota, FL – November 2, 2011 – MerchantService.com, a leading merchant services provider of credit card processing, is pleased to announce that starting in November they now offer all of their merchants up to $50,000 in PCI breach coverage insurance. … Continue reading →
| Merchant Services Protection: How to Protect Yourself Against Would-Be Burglars
Protection against would-be burglars is a necessity for any business. Whether it be a physical robbery or computer fraud, every business has to hope for the best and plan for the worst. There are many things a business can do … Continue reading →
| Durbin Amendment Starts at the end of October – Time to change your Merchant Account?
There has been a lot of buzz about the Durbin Amendment and what the ramifications of it will be. The amendment is set to go into effect at the end of October and the anticipation continues to grow. There has … Continue reading →
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Glossary of Merchant Services Terms - U
These Terms Occur Frequently on Our Website
UL 291 Safe
UL 291 is directed at the construction and security of the ATM. Their are two types, one is Business Hours (BH) and the other is the 24-Hour Level-1 safe. Both must withstand attacks from someone trying to rob the currency or alter the records. Both also have enviromental and endurance requirements.
The metal of a Business Hours (BH) safe is not as thick as that of a Level-1. Business Hours security containers must withstand forceful attacks on the seams and door openings of the container. The attacker may uses wires, lines, chisels, pry bars, and wrenchs to try to gain entry or remove the currency. Attacks that are quite are allowed to take 5 minutes. Loud Attacks are allowed to take 2 minutes.
The steel that the security container is constructed of in a Level-1 Safe should have a tensile strength of 50,000 psi. Entry from the customer access panel into the currency area should resist attacks using wires, hooks, pry bars, backsaw blades, and certain other tooling that may be concealed in clothing for up to 30 minutes. Attacks on the other protions of the security container may be made using picks and portabled electric tools such as drills and grinders it shall resist attacks from such tools for up to 15 minutes.
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Unbundled Fees
Other fees paid by the Merchant to the Merchant Bank or other contracted party for transaction processing.
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