Friday , March 29, 2024

Search Results for: acquirers

Protests Might Remove Acquirers From the Online Piracy Fray

The Internet revolt over bills in the U.S. House and Senate aimed at thwarting online piracy might have a welcome side effect for merchant acquirers in possibly getting them out of an unwanted role as deputies charged with enforcing public policy. The online encyclopedia Wikipedia captured international headlines Wednesday when …

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Acquirers, Small Merchants See More Risk-Reduction Value in PCI, Survey Shows

The 7-year-old Payment Card Industry data-security standard (PCI) is proving its effectiveness in preventing data breaches among small merchants, according to a survey of payments-industry acquirers set to be released next week. The survey, cosponsored by ControlScan Inc., an Alpharetta, Ga.-based vendor of PCI-compliance solutions, and the Merchant Acquirers’ Committee, …

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Acquirers Can Expect a Very Merry Christmas If Trends Hold

If the best present for a merchant acquirer is more transactions to process, 2011’s Christmas has already arrived. Various reports from acquirers, payment processors, and research firms indicate that electronic transaction volumes are up sharply over 2010’s levels despite the gloom that still colors most economic news. Dallas-based Chase Paymentech, …

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Apriva Poised to Offer a Mobile Wallet Aimed at Guarding Acquirers from ‘Outsiders’

  The mobile-wallet race, which has attracted a slew of entrants in recent months, is about to get more crowded on fears that established merchant acquirers could be elbowed out of the nascent mobile-payments business. Apriva Inc., a Scottsdale, Ariz.-based provider of wireless technology for payments, will launch in November …

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The New IRS Reporting Rule Could Have a Silver Lining for Acquirers

The new federal regulation requiring processors and acquirers to report merchant electronic payment transactions to the Internal Revenue Service is proving to be a major challenge for the industry, but at the same time could turn into a revenue generator for acquirers, according to a researcher. The requirements originated with …

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Among Small Merchants, Acquirers Now Get 40% of Revenue from Fees, Study Shows

  n Merchant processors, banks, and independent sales organizations that process transactions for merchants with annual sales of less than $10 million—the vast majority of U.S. retailers—have added on a wide array of fees in recent years for items ranging from statements to monthly minimums to chargeback processing and authorizations. …

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Forget PayPal And Google. Acquirers Are Most Worried About Visa, MasterCard

  n n n The source of such fears is a fast-changing landscape in which all the payment card networks are looking for new revenues and markets. “Some of my clients are freaking out, without naming names,” says Adil Moussa, an analyst at Boston-based Aite. Card networks are already direct …

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