MCX, Paydiant, and the Battle Over Mobile Wallets [2023 Update]

E-commerce, Industry News, Merchant Services

The mobile Internet revolution is rapidly changing the longstanding status quo in the payment processing industry. As more people purchase items with their mobile devices, the public is demanding more options and greater security from transaction processing companies. For many long years, big banks and processing companies like Visa and Mastercard faced little competition and were […]

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What Does The Future Hold For Interchange?

Merchant Services

Now that card payments are a major force in the economy, a system had to be set up to move this “virtual” currency from customer to business. This system is the basis of interchange. The evolution of how customers pay businesses has changed dramatically over the past half-century or so. Cash was king during the

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Update on Visa & MasterCard Settlement [2024Update]

Industry News, Uncategorized

The Visa MasterCard Settlement that was reached last fall in the class-action lawsuit between Visa and MasterCard and a large group of retailers is still being argued over. The latest update comes with concerns from some of the class members such as Wal-Mart, Target, and national associations representing grocers, smaller retailers, etc. At its core,

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What is EMV Chip Card Technology?

Merchant Services

EMV® is a worldwide standard for credit and debit card payments based around the use of chip card technology. The acronym stands for Europay, MasterCard, and Visa, who collaborated to create the technology. The goal of this project was to create a card that worked based off of a microprocessor chip that is read by

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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 Given Preliminary OK

Industry News

On Friday, the Judge presiding over the controversial Interchange Settlement case in Brooklyn, N.Y. gave preliminary approval to the settlement of credit card interchange litigation announced July 13. The Official Merchant Services Blog recently explained why the controversial Interchange settlement was being considered for preliminary approval, despite the backlash from merchants and large corporations. We also began talking about

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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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Barnes & Noble Data Breach [2023 Update]

Industry News, Merchant Services

Today’s edition of the Official Merchant Services Blog will take a look into the newest data breach, involving NY-based Barnes & Noble Inc. Barnes & Noble revealed last week a “sophisticated criminal effort” had taken place at 63 stores, resulting in hacked PIN pad devices putting some of its customers at risk. The company discovered

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Industry Terms: Large Ticket Programs

Industry News, Knowledge Base

Industry Terms: Large Ticket Programs Read More »

HMS Small Ticket Program

HMS News, Industry News, Small Business

Today’s edition of the Official Merchant Services Blog will discuss the best way for merchants to save money on fees when accepting credit or debit cards for smaller transactions. Host Merchant Services is committed to bringing its clients the lowest fees in the industry. Our Small Ticket Program is a feature that helps us do

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Host Merchant Services and Certified Hosting Announce Partnership

HMS News, Industry News, Merchant Services

Certified Hosting, a leading web hosting services company, announced today a new partnership with Host Merchant Services that will enable webmasters to use merchant services with their web hosting plans. All Certified Hosting customers, including those on shared web hosting, virtual private servers (VPS hosting), and dedicated server hosting plans, are now able to apply

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