Merchant

Stuart Harvey Jr., CEO of Atlanta-based Elavon Inc., is leaving the payment processor next month, Elavon says. Mike Passilla, Elavon executive vice president for global business development, will replace Harvey on Aug. 16 as president and CEO.

New York Attorney General Andrew M. Cuomo today announced a settlement with a Buffalo-based collection agency that harassed and intimidated consumers, including some who did not owe the debt in question.

Nxgen Payment Services’ MerchReport.com service that enables merchants to pinpoint transactions that could have been processed at less-expensive rates is diversifying the independent sales organization’s portfolio, says Michael Jaffe, Nxgen vice president of global marketing and new programs.

National Processing Co., a Louisville, Ky.-based merchant acquirer, announced July 26 plans to resell integrated point-of-sale payment software made by Datacap Systems Inc.

Discover Financial Services’ merchant-acquiring efforts impressed independent sales organization and acquiring respondents to a recent Aite Group LLC survey.

Hypercom Corp. last week announced a deal in Sweden in which a taxi company in Stockholm is deploying 1,600 of its Optimum M4100 “Blade” payment terminals.

Having collectively made billions in consumer loans that have become delinquent at record rates since 2008, lenders now understand that relying on the credit score as a predictor of future consumer payment behavior is a bad business practice.

From the July/August 2010 issue of ISO&Agent magazine.

From the July/August 2010 issue of ISO&Agent magazine.

From the July/August 2010 issue of ISO&Agent magazine.