Friday , March 29, 2024

Search Results for: ISOs

ATM ISOs Sue Visa And MasterCard over Surcharge Restrictions

A trade group of ATM independent sales organizations on Wednesday filed a proposed class-action lawsuit against Visa Inc. and MasterCard Inc. alleging that network rules illegally forbid them from imposing lower surcharges for ATM transactions that go over the rails of unaffiliated electronic funds transfer networks. Those anti-discrimination rules require …

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Merchant Maverick Sees Growth with Star-Rating System for ISOs

  The culture of ratings and reviews, so prevalent in the online world these days, has come to the business of merchant acquiring as a slew of sites has emerged to size up processors and independent sales organizations. Merchant Maverick, a 2-year-old site in Orange, Calif., takes the concept a …

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Where Are the ISOs?

Security Linda Punch Knowledge about the risk of a data breach is woeful among small merchants, as is understanding of PCI. ISOs could be doing more to help, and now there are signs that, finally, they are. For most small merchants, the independent sales organization is their first, and usually …

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Interchange Cuts, Legislation, And Dwindling Volume Top ATM ISOs’ Concerns

ATM network changes and legislation rank as the top worries of ATM independent sales organizations, while declining transaction volumes also keep many ATM ISO executives up at night, according to newly released survey results. Kahuna ATM Solutions, a Bloomington, Ill.-based ATM ISO that services smaller ISOs, commissioned the survey, which …

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ISOs’ Volume Shortfalls Trigger First Data Demands for Fees

In a move that could have a bottom-line impact for an untold number of independent sales organizations, First Data Corp. is sending letters to client ISOs notifying them they owe fees to the Atlanta-based processing giant to compensate for shortfalls in processing volumes. While it’s not clear how many such …

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New MasterCard ATM Rates Will Crimp Income for Banks And ISOs

Independent sales organizations and financial institutions that deploy ATMs have suspected for weeks that MasterCard Inc. planned to cut the interchange income allowed on withdrawal transactions on its Cirrus network, but now the total cost of the move is becoming clear. The hit to U.S. ISOs alone could amount to …

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Eye on E-Commerce: Acculynk Courts ISOs; eBillme’s Walk-in Survey

Acculynk Inc., a processor of PIN debit transactions that take place on merchant Web sites, announced this week it is adding the capability of processing credit and signature-debit transactions as well. The new service, called PaySecure Plus, will rely on processor Elavon, a unit of U.S. Bancorp, to handle credit …

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ISOs Lukewarm About Sponsor Banks, Other Vendors, Survey Finds

More than a fifth of independent sales organizations claim to be ready to change their sponsor merchant-acquiring bank, according to a new Aite Group LLC report about ISOs' relationships with their vendors. A smaller but still substantial number also are likely to change some of their other vendors. From July …

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How ISOs Are Tackling the Knotty Issue of Level 4 PCI Compliance

Bringing small merchants into compliance with the Payment Card Industry data-security standard, or PCI, is no easy task, according to independent sales organization executives that have started PCI programs for so-called Level 4 merchants. “You call up Billy's Pizza and ask him about his firewall, and he's not going to …

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Cynergy Is an Example of Economic Stresses on ISOs, Experts Say

Tuesday's news that Cynergy Data was filing for bankruptcy and planning to sell its assets serves as perhaps an extreme example of the fierce toll the recession is taking on independent sales organizations, observers say. Indeed, some say the ravages of reduced payment volumes, failed merchants, and squeezed margins could …

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