Lloyds Bank Credit Card Holders Can Use MasterCard’s Open Banking Connect

Lloyds Bank Credit Card Holders Can Use MasterCard’s Open Banking Connect The MasterCard Open Banking Connect service provides support for managing payments the right way. With this system, users can start a PISP or Payment Initiation Service Provider payment and pay off their credit card balances. The user can create a credit card bill through …

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Differences Between a Credit Card Machine and POS System

Credit Card Processing, Credit Cards, E-commerce, EMV, ISO, Merchant Services, Point of Sale Systems

Starting out, many new business owners may feel baffled by a huge list of technologies and terms, especially in the payment industry, such as POS systems, credit card terminals, credit card processing, and so more. Many startups may feel confused when selecting the right device or technology for handling their day-to-day transactions and sales. Although …

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Woman Doing Online Shopping Using Credit Card 103311834

The Best Credit Card Offers for 2020 and 2021

Best Credit Card Offers, Consumer Credit Cards, Credit Cards, Latest News, Personal Finance

If you have a New Year’s resolution to get your finances in order, that may include finding the right credit card. If you have a high-interest card that doesn’t provide you with any rewards or benefits, you could be missing out. Here are the top credit card offers for the New Year. Discover-It Cash Back …

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Visa Looks to Make Plastic Cards Sustainable

Credit Card Processing, Credit Cards, Payment Processing, Visa

Visa has an ambition to improve the world and minimize its environmental impact. Thus, they are collaborating with the CPI Card Group to produce ‘Earthwise High Content Card’ for Visa cardholders. The credit card, made of 98% upcycled plastic, would enable both contactless and contact payments. Besides this, the aim is to make cards EMV compliant with dual-interface …

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PayPal to Roll out Branded Venmo Credit Card

Credit Cards, Industry News

PayPal has announced plans to introduce Venmo Credit Cards in the year 2020. This is going to be a strategic move aimed at improving peer-to-peer payment services with additional options that give users more benefits. PayPal has partnered with Synchrony to achieve this goal. PayPal, a foremost player in the peer-to-peer payment industry, will become …

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The Millennial Generation is the Debit Card Generation

Credit Card Processing, Financial News

Cash or plastic? When members of Generation Y are asked this point-of-sale (POS) question, they are more likely to choose plastic, but not necessarily a credit card. According to research by PSCU, a payment processing provider for American credit unions, older members of the Millennial Generation, those who are between the ages of 31 and …

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The iPhone and NFC issues [2023 Update]

Mobile Payments, iPhone, NFC

Apple’s Latest iPhone 5S and iPhone 5C Lack NFC Support, Market Setback Expected The sphere of influence of the iPhone apparently extends into industries that develop products for mobile payments. Mobile credit card processing and various merchant services, including various point-of-sale applications, are also influenced by Apple’s decisions. The close relationship between these technologies is …

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Zero Dollar Authorization

HMS News, Merchant Services, Small Business

Visa’s New Zero Dollar Authorization Helps Merchants Keep Consumers Happy Many merchants that offer free trials and accept credit cards via the Internet, phone and fax, perform what is commonly referred to as a one dollar authorization on Visa credit cards and debit cards with the Visa logo before approving a customer for a free …

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About Mobile Payment Processing

E-commerce, HMS News, Merchant Services, Small Business

Mobile Payment Processing In modern business, those businesses without a mobile device card reader are missing out on substantial income. Anyone who sells merchandise or services on site will benefit from mobile payment processing through a card reader attachment. Customers are currently paying via mobile devices at a rate of $240 billion annually, and this …

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Next-Day Funding Now Available

HMS News, Industry News, Merchant Services, Small Business

The Official Merchant Services Blog would like to announce that Host Merchant Services has now added next-day funding to their already impressive line of services. Merchant services customers appreciate getting their deposits the next business day, as this is critical for funding payroll and inventory purchases for the week. Merchants can now expect funding for MasterCard, …

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iPhones, NFC and Rewards Cards [2023 Update]

Industry News, E-commerce

Today the Official Merchant Services Blog brings NFC technology back into the spotlight, with a look at a pilot program U.S. Bancorp is running in two test cities. The company, one of the nation’s more tech-oriented big banks, is joining the ranks of companies testing near-field communication (NFC) technology by pairing a rewards credit card with …

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Industry Terms: E-Commerce [2023 Update]

E-commerce, Knowledge Base, Merchant Services

This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort. 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: we deliver personal service and clarity. So we’re going to take some time to …

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Interchange Settlement Update: Challengers Awaiting Final Approval

HMS News

Today the Official Merchant Services Blog brings you another update on the ongoing Interchange lawsuit settlement. We began talking about the possibility of ‘The Big Cash Comeback’ back when the settlement was first announced in July, and later we discussed the opposition to the settlement. Last week a federal appellate court denied a retailer’s appeal to review part of the controversial settlement …

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‘Tis The Season, For Facebook Gifts [2023 Update]

Industry News, E-commerce

This holiday season, the Official Merchant Services Blog brings you the latest on Facebook’s newest venture, Facebook Gifts. On Tuesday, the company announced that any U.S. member can now send Facebook friends tangible gifts, which includes wine, digital gift cards and even charitable donations. Facebook Gifts The Facebook Gifts program, previously available only to some users of the …

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Holiday E-Commerce Trends [2023 Update]

E-commerce, Merchant Services, Small Business

Today the Official Merchant Services Blogbrings you some predictions for this holiday season. In particular, there are six key trends to watch. Over the last 12 months the E-commerce sector has rallied against challenging economic conditions and driven innovation in business and shopping models. A flurry of technical innovations, most notably the emergence and rapid adoption of …

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Merchants Appeal Key Part Of Interchange Settlement

Industry News, Small Business

Today the Official Merchant Services Blog brings you the most recent developments in the ongoing credit card interchange settlement lawsuit. Merchants opposing the pending credit card interchange case filed an appeal last week challenging the court’s preliminary approval of a key part of the settlement. The appeal, filed by four merchants and seven merchant trade groups, asks the Second …

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Small Business Saturday: Nov. 24th

Industry News, Merchant Services, Small Business

Today, the Official Merchant Services Blog shines a light on a little known holiday that falls between Black Friday, and Cyber Monday called Small Business Saturday. Since Host Merchant Services has many small businesses in its customer base, we wanted to take a moment to spotlight this newer day of shopping focus and frenzy. This is the third year …

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Interchange Settlement Nears Preliminary Approval [2023 Update]

Industry News, Merchant Services, Small Business

Today the Official Merchant Services Blog explains why the controversial Interchange settlement is being considered for preliminary approval, despite the backlash from merchants and large corporations. We began talking about the possibility of ‘The Big Cash Comeback’ when the settlement was first announced, and later we discussed the opposition to the settlement. Last week Judge John Gleeson said the …

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