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Guest Column: Mobile Point Of Sale Tablets Make Sense
Mobile devices like tablets and smartphones are helping retailers increase profits, boost productivity and reduce costs.
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Operation Choke Point, the federal government’s initiative to use the payments industry to thwart merchant fraud, is forcing ISOs to cope with lawsuits, subpoenas and uncertainty. more »
CardConnect, a King of Prussia, Penn.-based super ISO, has developed a “one-stop” merchant portal that combines authorization and settlement data to help retailers track and manage transactions. more »
LOMBARD, Ill.—The Justice Department’s Operation Choke Point is making life difficult for certain types of merchants by intimidating the payments industry into denying transaction services, say's the ETA's Jason Oxman. more »
LOMBARD, Ill.—ISOs and agents face a crowded, confused marketplace where some of the last hold-outs are now accepting cards for payments, according to Kevin Jones, president and CEO of Anovia Payments. more »
Clearent processed $4.4 billion in transaction volume last year, an increase of 61% over the previous 12 months. more »
BitPay, a Bitcoin merchant services provider, has launched a referral program to provide incentives to digital currency enthusiasts who sign up small merchants. more »
American Express’ network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court. more »
U.S. consumers, whose use of revolving debt fell by more than 15% once the Great Recession hit, are finally re-embracing the credit card. more »
Optimistic predictions aside, many Americans remain unaware or even skeptial of paying with their smartphones. more »
The decision to deploy EMV chip-and-signature credit cards in the U.S., instead of the chip-and-PIN model common in other countries, has a lot to do with technology constraints. more »
A veteran acquiring executive describes recent changes at First Data Corp. as “the awakening of a sleeping giant.” more »
Independent Resource Network Corp., a Westbury, N.Y.-based ISO, has agreed to pay $400,000 and waived its right to funds in a merchant’s reserve account to settle a civil suit. more »
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This issue contains the biggest-ever edition of the annual Fact Book. We hope you find it useful. We also check in with Steve Eazell, outgoing president of the Western States Acquirers Association, and Dan Geraty, CEO of Clearent. We even attempt to satisfy our curiousity about when mobile payments will take hold with consumers and why the U.S. seems to resist chip-and-pin.
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