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The U.S. Federal Open Market Committee decided today to lower the federal funds rate to a range of 0% to 0.25%, down from 1% to the lowest since the Fed began publishing the lending target in 1990. The Fed also lowered the discount rate by 75 basis points, to 0.5%.
Merchant Warehouse Inc., a Boston-based independent sales organization, has completed a security audit and determined it can certify as a Level 1 service provider, which includes ISOs that process more than 300,000 annual transactions.
Emerald Business Systems, a point-of-sale system reseller, is using Precidia's TransNet payment technology to connect various payment devices at a merchant location, Precidia Technologies Inc. says.
Goozex Inc., a College Park, Md.-based company that lets consumers trade video games online, is offering e-mail prepaid gift cards with values ranging from $5 to $270.
