Mobile Commerce Concerns

  • On May 21, 2012
Today The Official Merchant Services Blog turns its tech-obsessed eyes once again to the Mobile Payment Solution sector. Recently, Host Merchant Services became fully mobile and able to offer a mobile payment solution for Android and iPhone devices. This expansion continues, and HMS now also provides a payment processing solution for iPads as well. You […]
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HMS News: For Our Merchants

HMS News: For Our Merchants

  • On May 18, 2012
Today The Official Merchant Services Blog is just going to offer a quick update on some services Host Merchant Services provides directly for its current customers. Today our site launched a page for our current merchants to go to in order to access online assistance services. There are currently two: TRUPCI We’ve pushed our PCI […]
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Industry Terms: Interchange

Industry Terms: Interchange

  • On May 15, 2012
  Interchange Interchange is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card based transactions. Usually it is a fee that a merchant’s bank (the “acquiring bank”) pays a customer’s bank (the “issuing bank”). In a credit card or debit card transaction, the card-issuing bank in a […]
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What to Do with $17 Million Every Day

What to Do with $17 Million Every Day

  • On May 11, 2012
The parent company of American Airlines announced this month that the company had lost $1.7 billion in the previous quarter. A quarter is three months and somewhere around 90 days. I asked myself, if anyone else had that kind of money – what would they do with it? To keep it simple I just divided the $1.7 […]
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Visa Investigation Update

Visa Investigation Update

  • On May 10, 2012
On May 2 it was revealed by Visa CEO Joe Saunders that the credit card giant was being investigated by the Department of Justice for violation of antitrust laws. One of the key elements of the DoJ’s interest in Visa for antitrust violations is its new fee, the Fixed Acquirer Network Fee (FANF) which went […]
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Industry Terms: FANF

Industry Terms: FANF

  • On May 10, 2012
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take […]
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Industry Terms: PCI DSS

Industry Terms: PCI DSS

  • On May 9, 2012
This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. Well we want to make the payment processing industry’s terms and buzzwords clear. We want to remove any and all confusion merchants might have about how the industry works. Host Merchant Services promises: the company delivers personal service and clarity. So we’re going to take […]
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