Friday , September 25, 2020

Search Results for: ISOs

FDC Hires a Telecom Veteran to Expand ISO Sales Programs

John Barrett, a 16-year veteran of MCI Corp., has joined First Data Corp. to run the processor's merchant-sales operations through independent sales organizations and sales agents. In his position as senior vice president for FDC's third-party sales channel, Barrett will have responsibility for all merchant-sales efforts through third parties at …

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Acies Combines with Atlantic Synergy, Maps Acquisition Strategy

Acies Inc., an independent sales organization based in New York, today announced it has entered into an agreement with Fort Pierce, Fla.-based Atlantic Synergy Inc., under which the ISO will become a subsidiary of Atlantic Synergy and hold a controlling interest in the company. As part the acquisition, Atlantic Synergy, …

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How Debitman Plans to Boost Its Card Base 300-Fold by Year’s End

Debitman Card Inc., a retailer-sponsored debit card network based in Chico, Calif., is moving aggressively on a new card-issuance plan that calls for increasing the base of Debitman-branded cards to just over 900,000 cards issued by 1,000 merchant outlets by the end of the year. The card base currently stands …

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With HBNet, Hypercom Will Price ‘Aggressively’ for Network Volume

Hypercom Corp., a supplier of point-of-sale transaction devices, has entered the electronic-transaction networking business with the formation of a new subsidiary, HBNet Inc. The new unit has been set up to compete with the dominant player in transaction networking, Reston, Va.-based Transaction Network Services Inc., which completed an initial public …

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TransFirst Starts a Division to Focus on ISO Alliances

TransFirst, a Dallas-based processor, today announced it is forming a new division to focus on alliances with independent sales organizations. The new unit, called TransFirst Independent Sales Services, is headed by Nancy Newton, who holds the title of president of the division. Newton is a former Compass Bank and Paymentech …

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TransFirst’s Fifth Third Deal Bulks up Its Processing Heft

TransFirst, a Dallas-based merchant processor, expects its acquisition of the third-party processing business of Fifth Third Bank Processing Solutions to drive down its transaction costs and give it a sharper edge when it comes to pricing. The deal, announced yesterday and expected to close April 1, will add 90 million …

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Behind FDC’s Effort to Get Beyond Credit Cards on the Web

With Internet merchants increasingly demanding transaction capabilities beyond credit cards, acquirers and processors are starting to look into ways to simplify and standardize the introduction of such payment alternatives as electronic checks, debit cards, and third-party billing. The latest such effort comes from the nation's biggest transaction processor. Denver-based First …

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A New Regional ISO/MLS Group Announced for the West

Seven founding members announced today the formation of a new regional association serving merchant-level salespersons, ISOs, vendors, processors, and financial institutions in the western United States. Called the Western States Acquirers Association, the new group plans to hold its first conference in November in San Francisco, and is in the …

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A New ETA Program Reaches out to Merchant-Level Salespeople

The Electronic Transactions Association announced today new initiatives intended to appeal to individual merchant-level sales agents. Traditionally a trade organization for larger ISOs and acquirers, the Washington, D.C.-based ETA says it will give merchant-level salespeople access to ETA products, services, and conferences at reduced rates. While association membership is open …

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Behind a Web-Based Network’s Explosive Growth

A Web-based payments transaction processing program has been growing at about 400% annually since it branched out beyond the hospitality industry. When Las Vegas-based Shift4 Corp. developed its $$$ on the Net system for nearby resorts five years ago, the system was designed to allow the hotel, gift shops, casinos, …

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