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Category Archives: eCommerce
Security Alert 5/3/2012
MasterCard is investigating fraudulent MasterCard Security Alert email messages sent to businesses. The phishing emails ask the business to run a test transaction and then refund the test transaction to another card. This is a criminal scam looking for transaction … Continue reading
Visa announces more fee changes in April
Visa has announced more changes to debit pricing structure in accordance with the Durbin Amendment, which will take effect in April 2012. The more important changes are summarized below: The new Transaction Integrity Fee (TIF) of $0.10 will be assessed … Continue reading
Travel Agency Merchant Accounts
Travel Agencies and related travel-oriented businesses are considered high-risk merchants as far as credit card processors are concerned, and therefore are among the most challenging business types to get successfully approved for a Merchant Account. . The reason is that … Continue reading
MasterCard Announces Increases for Spring 2011
MasterCard Worldwide has announced some changes to Interchange rates and assessments, scheduled to take effect later this spring. ANY_ITEM_HERE Included among them is an increase in the Interchange rate for World Merit III, a MasterCard branded Rewards card, from 1.73% … Continue reading
IRS Changes Affect Merchants
The Federal Housing Assistance Act of 2008 included the enactment of Section 6050W of the Internal Revenue Code. Section 6050W made it a requirement for ALL processors to report merchants’ gross sales amount from settled transactions (Visa, MasterCard, Discover, PIN … Continue reading
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