Category Archives: Healthcare

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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Posted in Credit Card Processing, Debit Card Processing, eCommerce, Healthcare, Merchant Accounts, Tips & Advise | Leave a comment

Verifone Acquires Hypercom

Verifone has announced plans to acquire Hypercom, a major competitor   in the credit card terminal industry. To view the press release announcement Click here

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Posted in Debit Card Processing, Healthcare, Processing Equipment | Leave a comment

Wal-Mart Credit Card Processing Outage

A Wal-Mart Stores data system failure left shoppers unable to use some credit and debit cards on 9/23/2010, a spokesman for the world’s largest retailer said, according to CNN.com. The outage lasted about 90 minutes at Wal-Mart and Sam’s Club … Continue reading

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The Dodd-Frank Act: What it might mean to Merchants

ANY_ITEM_HERE The Dodd-Frank Reform and Consumer Protection Act, signed by President Obama in July 2010, is now law. Included in the act is the Durbin Amendment, a provision in the bill dealing with debit card Interchange fees and other issues … Continue reading

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Posted in Credit Card Processing, Debit Card Processing, eCommerce, Healthcare, Merchant Accounts, Tips & Advise, Useful Business Services | Leave a comment

QuickBooks Merchant Services Announces Fee Increases

Most QuickBooks Merchant Services customers may expect rate and fee increases as of October 1, 2010, according to a memo distributed to their sales agents today. Increases will include a monthly fee increase for terminal, gateway and POS customers, rate … Continue reading

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Posted in Credit Card Processing, Debit Card Processing, eCommerce, Healthcare, Merchant Accounts | Leave a comment