Merchant

Customer credit card data was not endangered during last week’s security breach of a small portion of websites hosted by GoDaddy.com Inc., a company executive says.

Responding to merchant complaints that their payment network would not allow them to switch to a less-expensive processor, gateway provider FeeFighters announced Sept. 21 plans to launch an online-payment service that simplifies the ability to make such changes.

SAN FRANCISCO–Independent sales organizations and agents no longer have to turn down business from merchants that also want point-of-sale systems with card-acceptance services, a presenter here at the Western States Acquirers Association Eighth Annual Conference told attendees Sept. 21.

SAN FRANCISCO–To turn online social media into business tools, independent sales organizations should give their communications a personal spin on Facebook, Twitter, LinkedIn and Google+, according to panelists speaking here Sept. 22 at the Eighth Annual Western States Acquirers Association Conference.

A London-based payment-processing and fraud-prevention company says it has created a way to detect fraudulent online credit card use more quickly by providing merchants and card issuers with identical cardholder data and transaction histories.

SAN FRANCISCO–Owning a merchant-services independent sales organization can bring financial and personal independence. But starting one up requires hard work, long hours and a significant amount of cash.

Discover Financial Services more than doubled its third-quarter net income to $649 million as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

As part of a campaign to protect retailers and restaurant operators from robbers, an independent sales organization is offering a voucher for an AK-47 assault rifle to merchants that sign up for its payment services.

Google Inc. has reached agreements with Visa Inc., American Express Co. and Discover Financial Services with the goal of eventually enabling other financial institutions to add their Near Field Communication-enabled payment card products to Google Wallet, the company announced Sept. 19.

Profitability is under attack in the banking world today. Economic realities and the regulatory environment have forced banks to change how they do business.