Articles

Merchant Processing Pointers

The merchant processing world is tough to ignore if banks want to please their business customers. There’s also the potential for revenues: combined MasterCard and Visa annual transaction volume topped $1.5 trillion in 2004.

In total, there are three types of merchant processors, according to the Office of the Comptroller of the Currency-acquiring banks, agent banks with and without liability, and third-party organizations.
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Retailer uses backdoor to beat credit processing fees

Since Wal-Mart – one of the nation’s largest commercial powers applied for a banking charter, a brouhaha has been brewing over the implications of such an act.

Applying in Utah, which is just one of the five states that issues industrial banking charters, Wal-Mart aims to establish a bank to avoid fees associated with the processing of credit, debit and electronic checks transactions.
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Merchant Bank Card Processing Services

Do you have customers going to your competitor for services your customer doesn’t realize you provide?

With all the bank products and services necessary for today’s business customer, it may be a challenge to remember to offer everything a business needs on the first pass. This may leave your business customers vulnerable to a competitor’s call with an offer your bank should have made.
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Choose Electronic Merchant Account Vendor Wisely

Setting up the ability to process electronic transactions is easier than you may think. Merchants can establish credit- and debit-card capabilities through any bank or credit union, or through private companies represented by larger financial institutions. Terminals can be purchased or leased, and the company helps with setup.
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Merchant Bank Card Processing Services

Do you have customers going to your competitor for services your customer doesn’t realize you provide?

With all the bank products and services necessary for today’s business customer, it may be a challenge to remember to offer everything a business needs on the first pass. This may leave your business customers vulnerable to a competitor’s call with an offer your bank should have made. Many businesses consider banking service as a relationship, a “One Stop Shop”.
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A New Approach to Growing Your Merchant Processing Business

In the past five years, the business climate for merchant services has changed significantly. Profit margins are continuing to shrink and consolidation within the industry is at an all-time high. According to Mark Abbey, a partner with First Annapolis and a guest speaker at the recent Electronic Transaction Association’s Strategic Leadership conference, in total, the top 10 acquirers have 40 percent more of the market share today than 10 years ago.
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