Tuesday , August 11, 2020

Search Results for: ISOs

Most ATM ISOs Moving To Upgrade Their Machines Before 2016 Liability Shift

Sixty-one percent of respondents to a recent ATM Industry Association survey said that 76% to 100% of the ATMs they operate will be ready for the Europay-MasterCard-Visa (EMV) chip card liability shift that takes effect in October 2016, the trade group of ATM independent sales organizations and retail ATM operators …

Read More »

ISOs And Acquirers Face Myriad Issues Over the Next 12 Months: Survey

  Increasing competition, slow growth, and staying abreast of changing technology top the list of issues facing independent sales organizations and merchant acquirers during the next 12 months, finds a new report from Adil Consulting. Fifty-two percent of respondents cited competition as the top trend, followed by growth, 48%, and …

Read More »

Canada’s Optimal Payments Buys Two ISOs To Gain U.S Foothold in E-Commerce Payments

With an eye on expanding its international payments capabilities, Optimal Payments Plc bought two U.S. independent sales organizations that cater to e-commerce merchants, the Montreal-based company announced Tuesday. n Meritus posted 2013 revenues of $74.4 million, and Global Merchant Advisors $8.3 million. Both company names remain in place, Lewin says. …

Read More »

FDIC Consent Order Restricts The Bancorp Bank’s Dealings With ISOs And Merchants

The parent company of major prepaid card issuer The Bancorp Bank on Wednesday disclosed that the bank had entered into a consent order with the Federal Deposit Insurance Corp. that places restrictions on its dealings with independent sales organizations. The order also prevents the bank in some instances from issuing …

Read More »

Tens of Thousands of Merchants Use the Web To Find a Processor, But ISOs Fare Poorly

There’s at least $30 billion in annual volume up for grabs among merchants using the Web to seek out a processor. Trouble is, independent sales organizations are really lousy at Internet marketing, according to a report released this week. Indeed, ISOs, banks, and point-of-sale software vendors spend about $17 million …

Read More »

PayPal Recruiting More Resellers Among ISOs, Acquirers, ISVs, VARs for M-Commerce Push

  PayPal, the payments arm of online marketplace eBay Inc., has put out a call for more resellers, including independent sales organizations, acquirers, independent software vendors, and value-added resellers. PayPal, which has set up a dedicated Web page soliciting partners, says its ideal partners include “folks that share a similar …

Read More »

With Government Cracking Down, ISOs And Acquirers Turn to Automated Merchant Vetting

  Independent sales organizations and acquirers have long known the value of performing their due diligence when boarding new merchants. That’s become even more important as law enforcement turns to the payments industry to find merchants that run afoul of consumers and the law. That has put more pressure on …

Read More »

New Law Enforcement Tactic Could Snare ISOs and Acquirers in Quest To Catch Bad Merchants

  A historical shift in how some federal financial law-enforcement agencies view the payments industry is under way, and it’s not one that bodes well for the industry, Jason Oxman, chief executive of the Electronic Transactions Association, told attendees at the Southeast Acquirers Association conference this week in Atlanta. Dubbed …

Read More »

ISOs Hone Their Tablet-based Point-of-Sale Products

Up Solutions, the cloud-based point-of-sale division of United Merchant Services Inc., has set its Up Tab restaurant POS system at zero cost for resellers, the company announced today. Separately, Harbortouch has updated its POS Sales Center iPad app with new functions. Comprising an Android-based tablet, stand, printer, card reader, and …

Read More »

ISOs and Acquirers Advised Against Waiting To Make Their EMV Migration Moves

  With 20 months to go until a major liability shift associated with the migration of the U.S. payment system to chip card, independent sales organizations and acquirers should not wait to get themselves and their merchants ready for the October 2015 deadline, advised Leland S. Englebardt, group head of …

Read More »
Do NOT follow this link or you will be banned from the site!