The past year has been full of surprises for merchants, processors, and everyone involved in the payment processing ecosystem. There have been many unexpected highs and lows, but overall the trajectory of the industry has been positive despite some immense challenges. We saw the evolution of payment channels to handle consumer demands and COVID-19 threats. […]
Top Merchant Services Trends to Watch in Fall 2021 and 2022 Read More »
Today the Official Merchant Services Blog will investigate the more than $200 million dollar fine that the U.S. Government issued on Discover Bank. The Federal Deposit Insurance Corp. (FDIC) and Consumer Finance Protection Bureau (CFPB) have ordered Discover to refund approximately $200 million to more than 3.5 million of its customers, as well as pay a
Discover To Pay $200 Million For Deceptive Practices Read More »
The Official Merchant Services Blog tackles the topic of Debit Card processing today. While the blog has extensively delved into the Durbin Amendment and the affects the legislation is having on merchants, one topic we’ve overlooked is Debit Card processing –– specifically PIN Debit vs. Swipe Debit. Difference Between Credit, Debit, and Check Cards First
Merchant Services: PIN Debit vs. Swipe Debit Read More »
Credit card processing will continue to evolve over the next generation, according to a prominent consultant with deep roots in the industry. And, inevitably, merchants who accept plastic will need to keep pace with the changes, working with their merchant services providers to stay on top of new technology. Jerome Svigals — known as the
Are Smartphones the Credit Cards of the Future? Read More »
Host Merchant Services has been ahead of the curve on the Durbin Amendment, and its impact on the merchant services industry. The amendment takes effect on October 1, 2011. Between now and then The Official Merchant Services Blog is going to link to and analyze a new article from an outside source that discusses the
The Countdown Begins Read More »