Merchant Services

I never knew what to choose when stores ask me "debit" or "credit." I always say "whatever is better for you." And sometimes the clerk says they don't care. Maybe they don't even understand how it works. At least now I do!  

In the latest article in its Card Game series titled "How Visa, Using Card Fees, Dominates a Market", Andrew Martin writes for the New York Times about debit cards - and the differences in terms of acceptance economics for merchants between PIN-based and signature debit cards. The story includes a 7 minute video done in partnership with the PBS program Frontline.  

cheep-talk submits: The New York Times has another great story about the credit/debit card market. The main idea is that Visa (V) pushed up merchant fees (e.g. it’s charge to the grocery store, gas station etc. where you shop) and split the revenue with the issuing bank (e.g. the Bank of America Visa card). Mastercard (MA) soon followed and prices charged to merchants increased because of competition: "What we witnessed was truly a perverse...  

From the Miami Herald: Albert Gonzalez, the Miami cyberthief who admitted to carrying out the largest identity theft in the nation's history, pleaded guilty Tuesday in federal court to a second computer hacking case this year. Gonzalez, 28, admitted stealing...  

N.M. AG's Office reminds consumers about their rights when shopping with debit and credit cards Trying to decide whether to use a credit card or a debit card when doing you're doing your holiday shopping? Well, the Consumer Protection Division of the New Mexico Attorney General's . . .  

More people than ever will buy their holiday presents this season with debit cards. But people are using debit and credit cards for much more than just gift purchases. Even Salvation Army bell ringers are accepting plastic this year.  

PETALING JAYA: Debit and petrol cards do not fall under the purview of the RM50 service tax imposed on credit or charge cards. The Association of Banks in Malaysia said other cards not included were c...  

Paying for holiday gifts with debit cards? Whoa there... A survey by the National Retail Federation recently reported that consumers expect to rely more this holiday season on cash and debit or check cards, and less on credit cards.  Using cash is always a great way to control your spending. Debit cards are a reasonable cash substitute, especially when you need to buy very large items and...  

HOUSTON (AP) — Continental Airlines Inc. said Monday that credit and debit cards will be accepted for purchases onboard most its aircraft starting Tuesday. Flight attendants will use new hand-held devices to process the card payments for purchases ...  

As reported by various new agencies a couple days back, the Fed ban on automatic ATM, debit overdraft fees is on the way From ATM Marketplace: Bloomberg reports that the Federal Reserve will prohibit banks from charging overdraft fees on ATMs and debit cards, unless the bank customer or credit union member agrees to pay charges for exceeding account balances. And financial companies that do impose fees will be required to explain their...  

ABC NewsApply for Instant Bad Credit Credit Cards – Low Rates and No Fees?Subprime BloggerAfter the credit crisis many credit card companies have totally changed the ways in which they allow borrowers to qualify for credit cards. ...Late payments on credit cards an issue for someCredit.com News10 most popular 0% credit cardsWalletPopGetting The Most From Your Credit CardsNorth American Press SyndicateCredit Card Guide Newsall 321 news articles »  

Mortgage Servicer Gives Distressed Homeowners Direct Online Access to ...CNNMoney.com (press release)The service is a result of Ocwen's new, multi-year agreement with MortgageKeeper Referral Services, Inc., an organization that helps link individuals in ...and more »  

Times OnlineVideo/Slideshow Seattle cop who killed Clemmons called hero, services set for ...Examiner.comOfficer Tina Griswold Officer Ronald Owens Sgt. Mark Renninger Officer Greg Richards City of Lakewood/AP photos The Seattle police officer who shot an ...Police shoot suspect in 4 officers' deathsSt. Louis Post-Dispatchall 5,490 news articles »  

Earthtimes (press release)Cisco Extends SMB Reach With New Security Gear, Hosted ServicesChannelWebCisco on Tuesday launched a number of new products, services and VAR support resources intended for small business. ...Cisco Extends SMB Reach With New Security Gear, Hosted ServicesITvoirall 19 news articles »  

City National Corporation to Present at the Goldman Sachs US Financial ...CNNMoney.com (press release)It is backed by $18.4 billion in total assets, and provides banking, investment and trust services through 64 offices, including 16 full-service regional ...Wells Fargo to Present at Goldman Sachs US Financial Services Conference 2009WELT ONLINEKeyCorp to Present at the Goldman Sachs U.S. Financial Services ConferencePR Newswire (press release...