How it may help debt if the credit card companies reduce the fees they charge merchants
According to recent reports, it has been studied that an increasingly large number of merchants are revolting against the credit card providers on whom their customers rely to pay them for a purchase. Most merchants complain that they’re under pressure to be as efficient as is humanly possible for them to keep the prices down. At the epicenter of this debate lie the swipe fees that the banks...
Read MoreSquare Inc Tries to Justify Its System
There is a lot being said and written about the feud between Square Inc and VeriFone Inc but now Square Inc is trying to justify that the system that they have developed is not something that consumers should worry about because it cannot be compromised. Earlier this year, VeriFone Inc, CEO Douglas Bergeron posted a video on the web claiming and showing that Square card readers are not safe and...
Read MoreOperation Swiper Gets Results
We all know that since the advent of credit cards and debit cards fraud people are working hard to break the technology loopholes and get into the system that can help them to steal money from the accounts of people using credit cards and debit cards. However, on October 7, 2011, Richard Brown, District Attorney for the Queens, New York said that their Operation Swiper has provided better results...
Read MoreNew Interchange Rates for Visa and MasterCard
There are lot of people that love to make use of their Visa and MasterCard but now as per the latest news both Visa and MasterCard Worldwide will implement their new interchange rates from October 1, 2011. Although, Visa and MasterCard have revealed some information about the new interchange rates but they have decided to stay quiet and not to talk much about their new interchange rates. Both...
Read MoreHeartland Gets Vocal about Durbin Amendment
There are some organizations that are really happy with the Durbin Amendment to the 2010 Dodd Frank Wall Street Reform for Consumer Protection Act, but there are some organizations that are keeping close eye on how merchants are getting profits but they are also keen on looking on other aspects of trade that can influence people who are involved in this business. Heartland Payment Systems Inc...
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