The Durbin Amendment
Merchant Warehouse | VIEW PROFILE
September 1, 2011
The Durbin Amendment is Section 920 in the Dodd-Frank Wall Street Reform and Consumer Act, which is part of the broader Financial Regulation Reform and Consumer Act passed by the Senate in May 2010.The Durbin Amendment was included in the Dodd-Frank bill by Senator Richard...
Visa launches Mobile Wallet
Patrick Turiano | VIEW PROFILE
May 27, 2011
When one door closes another opens, as the old saying goes. Google launched Google Wallets on May 26th in partnership with Mastercard. Is Visa soon to follow? We had barely digested the news that Isis would abandon plans to develop its mobile payments network in favor of...
Gold, silver or bronze for NFC?
Patrick Turiano | VIEW PROFILE
April 15, 2011
On your mark, get set, pay!Samsung and Visa announced earlier this month that they are testing Near Field Communication (NFC) technology at the London Olympics in 2012. NFC is a short-range, wireless technology that allows mobile devices to talk to one another, therefore...
Director of Sales, Eric George Featured in Digital Transactions
March 1, 2011
Merchant Warehouse Director of Sales, Eric George was quoted in the March issue of Digital Transactions, discussing how Visa's new chargeback rules will affect consumers, issuers and acquires. George explains how this new change will make the process more efficient and cut down...
Bankruptcy Notification Service
Merchant Warehouse | VIEW PROFILE
December 10, 2010
The Bankruptcy Notification Service is a joint effort of the two major worldwide credit card companies (MasterCard and Visa) to log, track and assess bankruptcy filings and related items. All individual and business bankruptcy filings, and related cases, are gathered from...
Understanding U.S. Based Merchant Account Restrictions
Merchant Warehouse | VIEW PROFILE
December 10, 2010
There are certain kinds of companies that the credit card associations will not do business with, meaning the firms cannot open a merchant account and cannot process their charges through anyone elses, either. When determining exactly who is to be included on this “...
Additional Information on Contactless Payment Terminals
Merchant Warehouse | VIEW PROFILE
December 5, 2010
Contactless payment terminals allow consumers to make purchases with a simple wave of their hand, and are rapidly becoming a popular method of electronic credit card payment processing. The use of these contactless payment machines will provide benefits to retailers and...
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