Today The Official Merchant Services Blog is going to delve into the bigger picture of the impact that the Global Payments Data Breach is going to have on the payment processing industry. Obviously this news is going to have a huge impact on Global Payments itself. The company faces a big penalty after Visa dropped […]
Data Breach Consequences [2023 Update] Read More »
Following up on our continuing and extensive coverage of the Global Payments Data Breach, The Official Merchant Services Blog has some new tidbits to report from the man who initially broke the story — Brian Krebs. Krebs felt he needed to respond to the Global Payments conference call delivered by company chairman and top executive
More on the Data Breach [2023 Update] Read More »
The Official Merchant Services Blog tackles the big news in the payment processing industry today: The Global Payments Data breach. The news of this data breach hit on Friday and the weekend has seen some wild speculation tossed about. At first there were reports that a mere 50,000 cards were compromised. Then the media upped
Global Payments Data Breach [2023 Update] Read More »
Host Merchant Services is stepping up its game in terms of E-Commerce, and The Official Merchant Services Blog has the scoop. HMS, the premier provider of payment processing and e-commerce services for small and medium businesses has an edge in terms of E-Commerce. The company was founded by CEO Lou Honick, who previously spent 11 years
Focus on E-Commerce [2023 Update] Read More »
On February 28, 2012 Host Merchant Services teased through its Facebook Page that it would have big news regarding HMS and Mobile Payments in March. The Official Merchant Services Blog is here to give you that big news. Sort of. The news is that Payfox will be usable for Android phones as well as the
Payfox for Android Coming Soon Read More »
The Debate over Discount Fees Hinges on the Costs for Unsecured Credit Tom Cleveland, March 22, 2012 The debate over the proper level of merchant discount fees rages on with legal arguments and proceedings plodding along, possibly for years to come. One benefit of the latest struggle against bankers keeping their “hand” in the merchant
Discount Fees Debated [2023 Update] Read More »
The Official Merchant Services Blog finishes its titanic trilogy on the affect Customer Service can have on a business. In our first blog we discussed anecdotal evidence and how it pertains to the perception of service and what can be learned from those anecdotes. In our second blog we took at look at the numbers, examining charts of
Customer Service Pitfalls Part 3 [2023 Update] Read More »
The Official Merchant Services Blog continues its epic masterpiece on the impact Customer Service can have on a business. In our previous blog we discussed anecdotal evidence and how it pertains to the perception of service and what can be learned from those anecdotes. The stories usually revolved around nightmarish tales of difficult customers and
Customer Service Pitfalls Part 2 [2023 Update] Read More »
The Official Merchant Services Blog returns to one of its favorite topics today — Customer Service. We can’t stress enough how important customer service is to every aspect of this industry. So we’re going to do a multi-part epic underscoring the value customer service has to your business. This is drawn on the foundation of
Customer Service Pitfalls Part 1 Read More »
Spring Fever has gripped Host Merchant Services. The premier provider of payment processing and e-commerce services for small businesses and medium businesses has gotten its own radio advertisement produced. The ad will run WDEL 1150 AM all this month during Philadelphia Phillies spring training game broadcasts. The ad is part of a sponsorship program HMS
HMS and the Phillies Read More »
The Entrepreneurial Studies Program and the Entrepreneurship Club at the University of Delaware will continue their successful and informative Free Lunch Friday series — with a little help from Host Merchant Services CEO Lou Honick. Each Friday at 12:30 p.m., students, faculty, staff, alumni and friends of the University are welcome to attend a 15
HMS CEO Speaks at College Read More »
2012 is heating up and the payment processing industry is getting things moving. Today The Official Merchant Services Blog reports on a major event that just happened, and brings you all the details on a major event that is coming up in the credit card processing industry. What You May Have Missed The GSMA Mobile World
Merchant Services 2012 Events Read More »
The Official Merchant Services Blog has just learned that Visa and MasterCard are planning to add new processing fees in the coming months — fees specifically targeted toward Debit Card Swipe transactions. These new fees, which we are consolidating and dubbing as “Card Association Fees” are going to complicate the pricing process for Merchant Services
Visa, MasterCard Add New Fees Read More »
You’ve been thinking about starting your own business for years. The opportunity to step out on your own and launch the business has finally come — but wait. The macro-economic conditions are so severe that your business seems doomed to failure even before it starts. Should you make the leap and launch your business during
Starting A Business in Tough Economic Times [2023 Update] Read More »
Today The Official Merchant Services Blog offers a really quick update on the fallout from The Durbin Amendment. You’ll recall Host Merchant Services offered a thorough analysis of the legislation before it took effect. Much of the current media coverage for this topic revolves around something we predicted in that analysis: “The banks, not wanting
Durbin Amendment Fallout Read More »
We’ve been covering Mobile Payments here at The Official Merchant Services Blog since the very beginning. In fact, the Article Archive at Host Merchant Services has extensive coverage of the topic as well. It’s just too sexy a topic — everybody loves the allure of gadgets — and too fascinating a financial prediction — folks
1 Step Forward, 2 Steps Back [2023 Update] Read More »
Today The Official Merchant Services Blog is turning its attention back to E-Commerce. Yesterday we delved into the topic of partial payment authorization, hopefully clearing up some of the more confusing aspects of the process. Now we’re going to take things back to the basics, and delve into the advantages of online processing, specifically focusing
Why Online Processing is Right For You Read More »
Today The Official Merchant Services Blog is going to step off its SOPA soap box and return to a much more focused and specific topic — Partial Payment Authorization. In November, 2011 Partial Payment Authorization was mandated by MasterCard and Discover. This mandate requires merchants to support partial payments on their terminals. Host Merchant Services
Partial Payments Reminder Read More »