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Welcome to Merchant Service Sales
Companies seeking a way to avoid being overcharged for excessive "service charges" and extraneous fees that have plagued the merchant processing industry for years stand to gain some considerable savings benefits by working with Merchant Service Sales.
 


PCI council published guidelines on virtualization (6/19/2011)
The PCI Security Standards Council has published guidelines for implementing its requirements in virtualised environments.

VeriFone expansion driving profits (6/19/2011)


VeriFone Inc. reported expanding business drove profits in its second quarter results released June 2, 2011. The company heralded all time high revenues for the sixth consecutive quarter and growth exceeding 20 percent for the fourth consecutive quarter.



Citigroup breach brings federal heat (6/17/2011)
The number and frequency of data thefts from high-profile corporations has caused some lawmakers to question whether these companies are learning from others' mistakes. The latest such victim is Citigroup Inc. (Citi). The bank reported June 9, 2011, the information from more than 200,000 of its customer credit cards was stolen. The company said no debit card information was taken.

Bling Nation may rise again (6/17/2011)

Bling Nation, the upstart mobile payment firm created to challenge the major credit card companies' hold on the payments industry's near field communication (NFC) market, suspended service in May 2011 pending a retooling of the company. Most of the sales team has reportedly left the company.



American Express Drives Digital Access to Fans at the 2011 U.S. Open at Congressional Country Club (6/14/2011)
Cardmembers Can Customize Their Experience Through the New Course Curator Digital Concierge and Get Exclusive Access to CourseCast TV and Radio

American Express and AOL’s Patch Team Up to "Serve" Communities, Small Businesses (6/14/2011)
Digital payments partnership will simplify payment and redemption process for local deals

The Interchange Debate: A Political Mess and Waste of Time (6/14/2011)
The Huffington Post published a lengthy article today, titled "Swiped: Banks, Merchants And Why Washington Doesn't Work For You." While it reiterated the talking points for both sides of the Durbin Amendment debate, it made the case for neither. Rather it highlighted the dirty business of Washington politics. Millions of dollars are being spent on an unrelenting battle, which frankly will result in no winner.

Citigroup breach brings federal heat (6/14/2011)
The number and frequency of data thefts from high-profile corporations has caused some lawmakers to question whether these companies are learning from others' mistakes. The latest such victim is Citigroup Inc. (Citi). The bank reported June 9, 2011, the information from more than 200,000 of its customer credit cards was stolen. The company said no debit card information was taken.

Restaurants Line up to Test Google Wallet (6/12/2011)

At an event on May 26, Google, Citi, MasterCard, First Data and Sprint introduced and demonstrated the Google Wallet, a NFC application that enables consumers to pay for purchases and redeem promotions with their mobile phones. The companies also invited additional issuing banks, payment networks, mobile carriers, handset manufacturers, point of sale systems companies and merchants to join the initiative.



What's new in POS Hardware? (6/12/2011)
Just as with all technology, the point-of-sale (POS) environment in the hospitality arena continues to evolve; from smaller footprints and more peripheral connections to energy savings and data security.

Processor pleads guilty in poker indictment (6/12/2011)

Bradley Franzen, President of a Costa Rican company that matched online poker companies with U.S. payment processors to illegally facilitate online poker payments, pleaded guilty May 23, 2011, to fraud, money laundering and illegal gambling. Franzen admitted to creating phony businesses processors could use to disguise online poker payments. Processing Internet gambling payments has been illegal in the United States since 2006.



Square, iZettle introduce new iPad apps (6/8/2011)
Square Inc. introduced new features for its free iPad, iPhone and Android POS solution May 23, 2011. The new Square Register application for iPad works like a cash register recording checkouts and tracking sales. Meanwhile, iZettle AB, a Stockholm firm started in 2010, said it will have a free iPhone application and mini chip card reader available to Sweden consumers by June.

PCI DSS effectiveness questioned (6/8/2011)
In a May 31, 2011, blog post, Federal Reserve Bank of Atlanta official Cindy Merritt questioned the long-term effectiveness of the Payment Card Industry (PCI) Data Security Standard (DSS). The requirements wouldn't be necessary if the United States would do what Europe and most of the world have already done: switch from mag stripe to chip and PIN technology, according to Merritt.

Tester fails to stop Durbin (6/8/2011)
An attempt led by Sen. Jon Tester, R-Mont., to delay a drastic cut in debit interchange fees failed June 8, 2011. Tester sought to secure the 60 votes needed in the Senate by offering a new amendment on June 7 that would have postponed for one year the implementation of the Durbin Amendment to the Wall Street Reform and Consumer Protection Act of 2010.

Webinar delves into fraud threats, solutions (6/8/2011)
A new payment trends and fraud study for LexisNexis by Javelin Strategy & Research found there were more than $100 billion in fraud losses in the payments industry in 2010. The study also concluded technology is developing so rapidly the payments industry is unable to keep up with new fraud techniques.

Woolworths wins seat on PCI SSC board of advisors, 1st time for Asian retailer (6/7/2011)
Australian supermarket group Woolworths has won a seat on the Payment Card Industry Security Standards Council (PCI SSC) board of advisors, the first time a retailer in Asia has been represented on the board of the global standards body, according to PCI SSC.

EVO Partners with Trustwave to Offer Merchants PCI Compliance Solutions (6/7/2011)
CHICAGO AND MELVILLE, NY (June 7, 2011) - EVO® Merchant Services today selected Trustwave to provide Payment Card Industry Data Security Standard (PCI DSS) compliance validation solutions to its Level 4 merchants. Trustwave is a leading provider of information security and compliance solutions.


First Southern Bank Expands into Central Florida by Acquiring First Commercial Bank of Florida from F.D.I.C. (6/7/2011)
First Southern Bank today announced that it has acquired substantially all of the assets and assumed all of the deposits, except brokered deposits, of First Commercial Bank of Florida from the Federal Deposit Insurance Corporation (FDIC), introducing First Southern Bank’s capital strength and reputation for excellent customer service to the state’s third-largest metro area and more than doubling its community bank franchise.

Texting for redemption at the ETA (6/7/2011)
If a smart phone can be a computer, a camera, a television set and a music player, why does an ATM or a card reader have to be limited to accepting credit and debit cards?

EFT Source Introduces New Option for Instant Card Issuance (6/6/2011)

EFT Source announced today a new product for financial institutions to easily and more affordably issue cards instantly.



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