January 9, 2013, by admin
In recent years, one tool consistently used to steal credit and debit card data has been the credit card skimmer device. Be it on ATM machines, or on credit card machine in merchant locations, criminals have clearly made this a tool of choice. In the last two years alone, skimmers were used at such high profile, multi-location merchants as Barnes and Noble, Michaels, and Lucky’s Supermarkets.
December 8, 2011, by admin
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 and build long-term business value ISO / Agents need to market under their own unique brand name, not that of a bank, processor or ISO. Our program is based on them doing so,” says Gino Kauzlarich, President of MerchantService.com Inc.
December 7, 2011, by admin
Sarasota, FL – December 6, 2011 – MerchantService.com, a leading merchant services provider, is pleased to announce they now offer the eCE Cash Advance program which provides business cash advances through account receivable financing.
Business Cash Advances are not loans, they are upfront lump sum cash payments against businesses future credit card processing sales and electronic payments which is repaid with accounts receivable financing, utilizing your credit card sales volume. As goods and services are purchased by customers, a small percentage of each electronic payment is collected from the preferred processing bank.
November 7, 2011, by admin
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.
The PCI breach coverage will pay up to $50,000 for:
- Fines and other monetary assessments levied by card associations or regulators.
- Costs of a security assessment and/or forensic audit.
- Bank card replacements and related costs.
- Services to help mitigate financial losses to customers impacted by the incident.
- Customer identity recovery services and credit monitoring.
October 11, 2011, by admin
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 been a lot of speculation as to what effects it will have on the merchant account of many businesses but there are many differing opinions. But don’t worry, your business will still be accepting credit cards at a reasonable rate once it goes into effect. In fact, most opinions believe that it will actually be better for the merchant account of businesses. Rather than leave its effects up to hearsay, here is a look at the Durbin Amendment.
The news is mostly good for companies and their merchant account. One of the highlights of the amendment is that it merchants will now have a choice in what network they decide to process their transactions over. Until now, businesses were often limited to one or two options for which network to use, but the Durbin Amendment has opened the flood gates. This makes the credit card services of company’s much more dynamic and customizable, a must for every business. Also, rather than staying at a fixed percentage of the transactions, interchange fees will now only be as high as 24 cents per transaction.