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 […]
Industry Terms: Downgrade Fee [2023 Update] Read More »
Today’s Official Merchant Services Blog post will wrap up our on-going series comparing Host Merchant Services and Square. In part 1 of our series, we reviewed how the two companies differ in how they set up merchant accounts. In part 2, the different pricing schemes offered were analyzed, as well as the time differences between
HMS Versus Square: Part 3 Read More »
Today the Official Merchant Services Blog will begin the second segment in our three-part HMS versus Square matchup. Yesterday we briefly reviewed aspects of both companies, as well as delved into the differences between the merchant accounts they set up. If you missed Part 1 of this series, check it out here. In part 2,
HMS Versus Square: Part 2 Read More »
Online payment processor Stripe announced on Friday, that the company is committing to transparency and user rights for its customers, following the lead of Google, Twitter, and Host Merchant Services. For today’s edition of the Official Merchant Services Blog, we will introduce Stripe, as well as discuss what these recent steps mean for the company,
Stripe, Transparency, and User Rights Read More »
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
industry terms: MasterCard cross border fee Read More »
It’s been a little while since the Official Merchant Services Blog touched on the increasingly sensitive topic of the Credit Card Interchange Settlement. We first talked about the possibility of ‘The Big Cash Comeback’ when the settlement was first announced, and later we discussed the opposition to the settlement. Seven years after the first lawsuits
NRF Opposes Interchange Settlement Read More »
Today The Official Merchant Services Blog gets extra visual with a step by step breakdown of how Credit Card Processing works. 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
How Does Credit Card Processing Work? Read More »
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: the company delivers personal service and clarity. So we’re going to take some time
Industry Terms: AVS Read More »
The Official Merchant Services Blog again looks into the mobile wallet world today, by introducing the new product from Visa, Inc. called V.me. Last week we discussed in detail the BarclayCard mobile wallet system, which has come here to Delaware at participating locations in Newark and Wilmington. Visa plans to roll out its own version
Visa’s V.me, a new breed of mobile wallet Read More »
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 some
Industry Terms: NABU Fee Read More »
Breaking News from The Official Merchant Services Blog: MasterCard and Discover have announced interchange increases and modifications to take effect October 2012. Specific association modifications such as these are beyond the control of payment processors like Host Merchant Services. They come directly from the big card associations themselves. These changes affect all merchant card processors
Changes to Interchange Fees Read More »
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 will eliminate any and all confusion merchants might have about how the industry works. At Host Merchant Services, we promise to deliver personal service and clarity. So we’re going
Industry Terms: CVV Read More »
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. The Host Merchant Services promise, we deliver personal service and clarity. So we’re going
Industry Terms: EMV Cards Read More »
Today, The Official Merchant Services Blog is going to tackle a big picture topic in the world of credit card processing. Two weeks ago there was a proposed settlement of a lawsuit against Visa Inc., MasterCard Inc. Lawyers involved in the case claim it is the largest antitrust settlement in U.S. history. The card companies agreed to pay more than $6
The Big Cash Comeback? Read More »
Today The Official Merchant Services Blog wants to review the details of VISA’s new Fixed Acquirer Network Fee (FANF). On April 1, 2012, Visa began charging this new fee. But it has taken about this long for it to catch up to merchants and their statements. The process sort of knocked its way down like
FANF Reminder [2023 Update] Read More »
Today The Official Merchant Services Blog is updating its coverage of the Global Payments Data Breach. The big bomb Global just dropped is that apparently there was a second data breach. The story, initially broken by Ellen Messmer at Network World stated that Global Payments itself revealed this latest news. Data Breach II: Credit Card Boogaloo From the Global
Global Reveals More About Data Breach [2023 Update] Read More »
Today The Official Merchant Services Blog takes a close look today at card association juggernaut and industry titan MasterCard. A card association is a network of issuing banks and acquiring banks that process payment cards of a specific brand, and along with Visa, MasterCard is one of the big wigs in the industry — Card associations Visa and MasterCard each comprise over 20,000 card issuing
MasterCard Site Tools Read More »
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
Industry Terms: Partial Authorization Read More »