NATIONAL BRIEFING Aug 26, 2008
Delta also extended a credit card processing agreement with Visa and to 2011. The accord was set to expire in October, and IT doesn't require cash holdbacks or collateral. (Washington Post)
Delta draws on credit line Aug 26, 2008
He also disclosed that Delta last week amended its Visa/MasterCard credit card processing agreement to extend the contract period through Dec. 31, 2011. Bastian said there will continue to be no cash holdback requirement. (BusinessWeek)
TSYS in deal with First Citizens Bank Aug 26, 2008
has inked a deal to manage First Citizens Bank s commercial and consumer credit card processing. Columbus, Ga. (Atlanta Business Chronicle, GA)
Ciavati joins TD Banknorth Aug 24, 2008
She is responsible for providing cost-effective, efficient technology solutions to attract more customers, increase sales and reduce operating costs through competitive credit card processing. Ciavati is a top-performing sales professional with more than 15 years experience in the credit card industry. (Brookline TAB, MA)
Air industry has an easier time staying aloft as oil price slides Aug 21, 2008
That struggling low-cost carrier entered Chapter 11 bankruptcy in April to avoid having the credit card processing company that handles its credit transactions soak up the majority of its dwindling cash pile as protection against the carrier's possible collapse. To stay aloft, Frontier this month received the first $30 million of what could become a $75 million loan from several of its largest shareholders. (USA Today -- Money)
Sellers frustrated as eBay emphasizes fixed-price sales Aug 20, 2008
Beginning in the U.S. in mid-October, users will have to pay by credit card, PayPal or the credit card processing service ProPay. No more cash, checks or money orders which account for less than 10% of eBay transactions these days unless sellers and buyers meet in person. (USA Today -- Tech)
Center One Capital growing in Buffalo Aug 14, 2008
Buoyed by a growing contract with a major client, a Buffalo credit card processing center, is poised for major growth. which began operations one year ago with just 10 employees is now on track to hire at least 355 workers within the next three years -- and that number may balloon to 700 employees, based on exclusive deal it has with of Delaware. (Buffalo Business First, NY)
NYC group buys South Ogden plaza Aug 14, 2008
Center One Capital handles credit card processing and management services for Continental Finances. Center One, on Wednesday, received a $500,000 state training grant to help with its expansion. (Buffalo Business First, NY)
LML Reports Results for the First Quarter of Fiscal 2009 Aug 8, 2008
We provide credit card processing, online debit, electronic funds transfer, automated clearinghouse payment processing and authentication services, along with routing of selected transactions to third party processors and banks for authorization and settlement. Our intellectual property estate, owned by subsidiary LML Patent Corp., includes U.S. Patent No. RE40220, No. 6,354,491, No. 6,283,366, No. 6,164,528, and No. 5,484,988 all of which relate to electronic check processing methods and... (Primezone Releases)
No toaster! Newlyweds lobby HSBC for lost presents Aug 7, 2008
HSBC, Wrapit's bank, had withdrawn its credit card processing facility. "I have been surprised at how emotional I feel about this," said Sally Fraser, 34, a recruitment consultancy director who married in June and said she stands to lose her entire 4,500 wedding list. (guardian.co.uk)
Encore Payment Systems (U.S.) Secures Remote Access With DIGIPASS GO 3 and VACMAN Middleware Aug 4, 2008
Encore Payment Systems, based in Addison (TX) provides custom credit card processing and merchant solutions to retail, restaurants, lodging, mail order, telephone order and e-commerce businesses. Their merchant services include credit card processing, debit card processing, EBT (Electronics Benefits Transfer) card processing, gift and loyalty card programs, electronic check conversion and guarantee and e-commerce ... "These systems are essential to the operation of our sales force, support of... (PR Newswire)
Zultys et al Ring in Wireless Telephony at Eisteddfod Aug 1, 2008
According to Leiberman, by providing a wireless telephone system and wireless broadband with wireless credit card processing, this enabled the National Eisteddfod organizers' 35-staff office to work from different locations throughout the site by moving their complete office into the middle of a field that had no communication facilities onsite. "Zultys couldn't be more pleased that our U.K. partners have chosen such a prestigious outdoor event to fully demonstrate the robust integration... (Yahoo News -- Press Releases)
AirTran swings to 2Q loss Jul 30, 2008
The carrier also said it was successful in strengthening its cash balance and extending a key credit card processing agreement ... The company also negotiated an extension of its primary credit card processing agreement through Dec. 31, 2009. (San Diego Union-Tribune -- Business)
AirTran posts $13.5M loss Jul 29, 2008
The company also said it has negotiated an extension of its credit card processing agreement through Dec. 31, 2009 and has a commitment for a line of credit of up to $150 million to cover credit card processors' potential hold-back requirements. Hold-back requirements have contributed to problems for other airlines, including Denver-based Frontier Airlines, an AirTran partner. (Atlanta Journal-Constitution -- Business)
How Small Businesses Can Survive The Storm Jul 28, 2008
The big culprit: credit card processing fees. Visa (nyse: - - ), MasterCard (nyse: - - ) and the other credit card companies charge retailers processing fees equal to a percentage of the transaction, typically between 2% and 3. (Forbes)
EPayments buying ACH Technologies Jul 23, 2008
Those accounts will also gain access to credit card processing and electronic check conversion services from ePayments. ePayments generally works with companies, schools, nonprofits and government organizations who handle check and credit card payments, but the deal broadens ePayments reach to companies such as convenience stores and retail gasoline sellers, which were specifically targeted by ACH Technologies. (Twin Cities Business Journal, MN)
UAL gets cash infusion amid $2.73 billion loss Jul 23, 2008
United also freed up about $350 million in previously restricted cash by signing a new credit card processing agreement with Paymentech LLC, which Chase partially owns. Credit card processors often hang onto some of the money for airplane tickets that have been sold but not used, in case they get returned. (San Diego Union-Tribune -- Business)
Online donation systems growing part of fundraising at ALSAC and Le Bonheur Jul 21, 2008
"Having an online donation system allows for immediate credit card processing, easier integration of transactions to our donor database and helps to reduce the amount of paperwork involved in gift processing," says Amanda Mauck, Le Bonheur's Web editor. In addition to making the process of giving easier, John P. Moses, CEO of ALSAC, the fundraising organization of St. Jude Children's Research Hospital, sees the Internet as a space where the donor can become more engaged with the work of... (Memphis Business Journal, TN)
The Bass Federation Signs Exclusive Partnership Agreement with Compete-At for Online Fishing Tournament Management Jul 15, 2008
Event cloning for rapid deployment and increased efficiency Social event planning Youth event or education registrations Accept online donations Secure credit card processing in multiple currencies Accept and record multiple payment options; online credit card, check, cash, etc. On-site quick entry to handle last minute registrations Event financial budgeting and reporting. (Yahoo News -- Press Releases)
Pollina Proposes Vermont Credit Card Jul 15, 2008
In addition, Pollina wants to form a network of merchants to help negotiate for lower credit card processing fees for businesses. - WCAX News. (WCAX.com, VT)
Staying on Cutting Edge More Important than Ever as Mobile Phone Payment Processing Could be In Future Jul 13, 2008
A1 Merchant Accounts, a leading online merchant account service network, is considering the possibility of credit card processing using consumers' mobile phones in the future ... Carlsbad, CA (PRWEB) July 13, 2008 -- The future of credit card processing continues to look bright, as mobile phones that can be used to pay for purchases are currently being tested ... This mobile phone payment processing system, called near field communication (NFC), is currently being tested by Etisalat and Emirates... (Yahoo News -- Press Releases)
DDS Wireless Reports New Sales from Multiple Markets Jun 23, 2008
This integrated system extends the functionality of Livery Coach's applications software for operations management by adding eFleet automated job dispatching to chauffeurs via in-vehicle mobile data terminals, real-time job/status feedback from chauffeurs, automatic GPS navigation, GPS fleet tracking, two-way text messaging, and in-vehicle credit card processing. Livery Coach's applications software is estimated to be used by nearly 3,000 limousines at different limousine companies which now... (CCNMatthews Press Releases)
Keeping salons a cut above Jun 22, 2008
They may wait until the last minute to consider such things as workers' compensation, health insurance, credit card processing systems, or even prices for their services. Your Beauty Network, or YBN, is a membership-based service that supplies business resources online, by mail and by phone. (San Diego Union-Tribune -- Business)
MAC Board member phones in to vote Jun 14, 2008
Merrill-Doss explained that services requiring web-based processing such as student registration, transcript requests, financial aid, and on-line bill paying or credit card processing will be unavailable only during June 27-July 16. Applications to the college will still be accepted in the Admissions Office and at outreach centers, and testing services will remain open. (Park Hills Daily Journal, MO)
Business software news: Microsoft introduces Dynamics AX 09 Jun 12, 2008
Credit card processing, embedded courier tracking services from the likes of DHL, UPS and FedEx, plus processes for raising and processing quotations can pass through the AX web services switching yard, she said. "We've made significant architectural changes to include schemas from different application-to-application and business to business scenarios," said Nolan. (Accounting Web, UK)
Product certification opens new doors for Hypercom Jun 5, 2008
-based company provides point-of-sale credit card processing for businesses. NPC certified Hypercom's Optimum T4210 and T4220 models, along with its PV1310 PIN pad. (Phoenix Business Journal, AZ)
Frontier Airlines, First Data reach deal on credit card processing May 31, 2008
Members: Not Registered. for free extra services. (Denver Business Journal, CO)
You Have Questions, We Have Answers May 30, 2008
President of Merchant Warehouse, a credit card processor Expertise: Credit card processing and payment systems. Founder of Dolphin Nextgen, a business advisory company, and regular Forbes. (Forbes)
Chief Justice helps open county's first regional magistrate court May 23, 2008
The Orangeburg County Magistrate Court was one of the first county summary courts in the state in which the system, which assists judges and court staff with everything from credit card processing and driver s license information to court documents, was instituted. Court officials told me I was relying too heavily on the rural counties to pilot the case management system, saying those folks wouldn t ever go for this kind of operation, Toal said. (Orangeburg Times and Democrat, SC)
Best Practices for Vulnerability Management: The Key to Managing Risk May 21, 2008
He cites credit card processing, as an example. There is a move ongoing to have vulnerability management applications made mandatory due to the massive consequences occasioned by malware-induced disruption and confidential credit care information ending up in the wrong hands. (CIO Information Network)
Save money! Recession-proof travel May 17, 2008
In these cases, the station is passing on their credit card processing fees to you. Without fail, the price advertised on the sign will be a locally competitive cash price while the credit card price is considerably higher. (MSNBC -- Travel)
United/US Airways deal must be inked soon to get anti-trust review by current administration May 6, 2008
The same release noted that the mainline carrier had recently amended its credit card processing agreement. Under the terms of that amendment, among other improvements, the level of collateral required to be maintained by the Company has been reduced to the level of reserve at March 31, 2008 and may be subject to further reductions in certain circumstances. (FT.com -- Markets)
Frontier Airlines ends jet service to five cities May 2, 2008
Although Frontier has struggled amid stiff competition and high fuel costs, Menke has said the airline was forced into bankruptcy reorganization because its credit card processing company sought to hold up to 100 percent of proceeds from ticket sales in reserve until the passengers' flights were completed. The filing prevents Greenwood Village, Colo. (MSNBC -- Travel)
How Small Businesses Can Simplify Their Billing Practices Apr 20, 2008
The company was paying very high rates for credit card processing, and had a needlessly complicated order entry process that entailed handwriting orders, then keying the credit card numbers into a swipe machine, typing up receipts to send to customers, and doing all bookkeeping by hand. Both problems unnecessarily ate into profits and created cash flow nightmares. (Canton Daily Ledger, IL)
At MarketingSherpa Summit, Operations Consultant Gives Tips for How Online Subscription Businesses Can Meet Payment Challenges During a Recession Apr 18, 2008
He will discuss how businesses can sustain business relationships, directly address credit card challenges, and overcome a range of credit card processing problems in uncertain economic times. ADVERTISEMENT. (Primezone Releases)
Newswatch, Police/Fire Apr 14, 2008
But those planning to pay using a credit card will still be required to pay the credit card processing fee. Taxpayers who are expecting a refund can already file electronically using the state's Web site and will not be charged, said tax department deputy director Sandra Yahiro. (Honolulu Star-Bulletin)
Frontier Airlines seeks help Apr 12, 2008
The carrier yesterday blamed its filing for Chapter 11 bankruptcy protection on a cash squeeze caused by its credit card processing company, which has decided to keep a larger chunk of the Denver airline's ticket revenue. The move ends a policy under which the processor, Corp., passed on most money from ticket sales to Frontier. (Boston Globe)
Airlines skid to end of rough week Apr 12, 2008
Frontier Airlines, which filed for bankruptcy Friday because its credit card processing company tightened terms, said it will keep operating flights. It runs three daily trips between Houston's Bush Intercontinental Airport and Denver. (Houston Chronicle)
Cash hamstrings Frontier Airlines Apr 12, 2008
The airline blamed its troubles on a cash squeeze caused by its credit card processing company, which decided to keep a larger chunk of the Denver carrier's ticket revenue. The move by the airline ends a policy under which the processor, First Data Corp, passed on most money from ticket sales to Frontier. (OregonLive, OR -- Business)
Airline calls it quits over credit card woes Apr 12, 2008
Your Connection to the. Web Search powered by YAHOO. (Athens Banner-Herald)
Prop 8: Boon or bane for drivers and passengers? Mar 31, 2008
For my $85 a day lease, I get almost everything I need for a complete business: a safely maintained cab, full up-to-date insurance, seasonal tire changes, credit card processing, dispatch services, airport permit and legal services. Drivers are wonderful people for the most part, but we try to operate as cheaply as possible. (Anchorage Daily News)
Urgent: Marines Still Need Your Help Mar 31, 2008
Newsmax will even pay all the credit card processing costs that will incur. Help us show America's appreciation for these fine young Marines and their selfless service to our country. (Newsmax)
Still no arrests in DeSoto County credit card theft ring Mar 26, 2008
Commander Mark Blackson of the DeSoto County Sheriff's Dept. told News Channel3 last week that Cynergy Data, a third party credit card processing center, had been hacked into. Tuesday he apologized and said, "Cynergy Data has nothing to do with this at all. The information I released earlier is incorrect. The information given to me was not true.". (WREG.com, TN)
DeSoto County authorities say it's okay to use debit cards Mar 20, 2008
Commander Mark Blackson with the DeSoto County Sheriff's Department says someone hacked into a third party credit card processing center called Cynergy, based out of New York City. The national company has a database that contains thousands of credit and debit card numbers. (WREG.com, TN)
Security Watch: Living with PCI DSS Mar 19, 2008
Anyone who works in credit card processing these days is likely to be familiar with PCI DSS, or the payment card industry data security standards, version 1. 1. (eSecurityPlanet)
BBB: Complaints up 30 percent Mar 19, 2008
The industries with the most complaints were credit card processing services, home improvement companies and new car dealers. The bureau said the number of complaints against credit card processing services stemmed from a company that is headquartered in the Dayton area and all of its complaints nationwide are handled by the bureau locally. (Dayton Business Journal, OH)
Kewanee’s first grade, preschool switch buildings Mar 18, 2008
Sullens also said district officials are looking into arranging with a credit card processing company to set up a system where parents will be able to use credit cards to pay for tuition, school lunch, book fees and other fees. The company charges 3. (Kewanee Star Courier, IL)
Marines Defense Raises $200,000-Plus Mar 8, 2008
Newsmax pays the credit card processing costs and has made an additional $15,000 donation to the fund. You can continue to help these Marines. (Newsmax)
Congress to Credit Card Companies: 'Play Fair'; Retailers Applaud Introduction of 'Credit Card Fair Fee Act' Mar 7, 2008
"This legislation will bring competition to a severely broken system that unjustly inflates the cost of goods and services for all consumers. Virtually every developed economy in the world has found these fees abusive and illegal -- even at levels far lower than what Americans pay. We can now work toward a solution where economies of scale, innovation and competition -- the forces that drive free enterprise -- decide credit card processing fees," said Tim Hammonds, Food Marketing Institute... (PR Newswire)
Recurring Payments Revival: Answering Consumer Preferences for Cards Feb 28, 2008
Accepting cards for payment these days entails a great deal of complexity, even for companies that have served as merchants for debit and credit card processing in the past. Most notably, due to rising alarm among all parties about the security of cardholder information, many merchants are now required to comply with the Payment Card Industry Detailed Security Standards, or PCI DSS, a relatively new and rapidly evolving set of standards jointly established and enforced by Visa, MasterCard,... (Energy Pulse, CO)
CommerceTel Helps NPR Reach Its Listeners with Multi-Channel Flexibility Feb 28, 2008
The platform also permits users to support the Member stations through a mobile credit card processing system and enables them to call stations directly to begin membership. Dennis Becker, CEO of CommerceTel, stated, "We are delighted that NPR has decided to utilize CommerceTels Call For platform. Today's media consumers want to interact with news and content and this platform is a way for NPR Member stations to extend their service to their listeners."We tested the CommerceTel Call... (Yahoo! Wire -- Entertainment News)
Cutting the Cost of Doing Business Feb 24, 2008
"Credit card processing is another costly, but essential process that small business owners must face," saysRemer. "Unfortunately, most merchant processors create rate schedules that are so complicated it's virtually impossible to track exactly what you are paying per transaction.". (Ontario Argus Observer, OR)
Global Swift Funding Enters Strategic Partnership With National Processing Company to Form 'Global Swift Merchant Services' Feb 19, 2008
The forged strengths of GSF and NPC offer customers a package deal that features unparalleled credit card processing capabilities, the best rates, and working capital. GSF is the creative source for financial solutions for small to middle market business owners. (PR Newswire)
YapStone Announces Card-Present Processing with Online Integration Feb 17, 2008
San Francisco, CA (PRWEB) February 17, 2008 -- YapStone revolutionized credit card processing for rental properties with its RentPayment online platform introduced in 1999, and is now offering integrated card-present processing for leasing offices ... YapStone's technology includes a unified real-time Web-based platform for check scanning, credit card processing, and electronic check processing to the property management industry. (Yahoo News -- Press Releases)
EPN Group opens Chandler HQ, hiring sales staff for merchant services operation Feb 12, 2008
has opened a 12,000-square-foot headquarters in Chandler where the startup will offer merchant services from credit card processing to equipment solutions. Robert Francis, a former First Data Corp. executive, is heading up the new operation as president. (Phoenix Business Journal, AZ)
EvergreenBancorp Earns $2.7 Million or $1.13 Per Diluted Share Before Non-Cash Charge in 2007 Feb 6, 2008
Services include commercial, real estate, and consumer lending; savings, checking, and certificate of deposit accounts; health savings accounts; Internet banking; and merchant credit card processing services ... 21,467 21,129 2% Retained earnings 4,069 3,453 18% Accumulated other comprehensive income (loss) AFS (3) (763) -100% -------- -------- --- Total stockholders' equity 25,533 23,819 7% -------- -------- --- Total liabilities and stockholders' equity $422,884 $343,520 23% ======== ========... (Primezone Releases)
Bank of Commerce Holdings(TM) Reports Income of $6.1 Million for 2007 Feb 2, 2008
-- Losses in the Company's merchant credit card processing business. -- Asset/Liability matching risks and liquidity risks. (PR Newswire)
Life Beyond QuickBooks Jan 29, 2008
The inventory and distribution modules support return merchandise authorizations, bar codes and credit card processing ... For example, the credit card processing wasn't activated and, as a result, they had to review thousands of sales by hand. (SmallBusinessComputing)
Bank of America, SunTrust and Wells Fargo Win Barlow Research's Monarch Innovation Awards Jan 25, 2008
The product is an industry-first financial package that combines a full-service business checking account with a Wells Fargo Merchant Services account for fast and secure debit and credit card processing. It allows small business owners to accept debit/credit card payments and have access to those funds as soon as the next business day. (PR Newswire)
QCR Holdings, Inc. Announces Significantly Improved Earnings Results for 2007 Jan 25, 2008
The Company also engages in credit card processing through its wholly owned subsidiary, Quad City Bancard, Inc., based in Moline, Illinois and commercial leasing through its 80% owned subsidiary, M2 Lease Funds, LLC, based in Milwaukee, Wisconsin. Special Note Concerning Forward-Looking Statements. (Primezone Releases)
Five E-Commerce Freebies Jan 10, 2008
The product integrates with Microsoft Word, Excel and Outlook and also offers integration with add-on services for payroll, credit card processing, eBay and more. For those selling products on eBay, you can use Microsoft Office Accounting Express to list your items, upload product images, track the listing status and track your sales and eBay fees. (SmallBusinessComputing)
Crutchfield Leans on CommVault for Support Jan 8, 2008
Eventually, encryption became a requirement for companies like Crutchfield that had to comply with Credit Card Processing and Payment Card Industry Standards (PCI). The retailer purchased the CommVault Backup suit,e including an agent for Exchange, SharePoint, file and print, Active Director and SQL, and added in the encryption option. (EnterpriseStorageForum)
Brookline woman behind company specializing in online event planning Jan 3, 2008
PartyBuilder also provides online payment, a plus for small, part-time vendors who typically don t have credit card processing. The site s invitation and ticket-selling components, meanwhile, give customers the opportunity to increase the number of participants to the event. (Brookline TAB, MA)
EvergreenBancorp Reports Impact of Visa Litigation Jan 1, 2008
Services include commercial, real estate, and consumer lending; savings, checking, and certificate of deposit accounts; health savings accounts; Internet banking; and merchant credit card processing services. Visit to learn more. (Primezone Releases)
Offshore gambling guru tells about life Dec 23, 2007
In addition, there are many sports books in foreign countries that provide credit card processing and allow people to make bets over the Internet. Budin went to high school in Miami, where he began building an affluent client list, plying an illegal sports gambling trade by tapping his New York financial connections and using charm and street smarts. (North County Times)
