ISOs

CHICAGO – As new systems appear and old ones fade, ISOs are wondering who will triumph in the “mobile wallet wars.” According to the mobile-pay venture Isis, a clear winner may never emerge.

A company that specializes in digging up sales leads has made the merchant-acquiring business one of its main areas of specialization.

The term “friendly fraud” might strike many as a misnomer. It’s decidedly unfriendly for consumers to charge online goods or services on their credit cards and then deny they made the purchase.

Cardtronics Inc. has introduced a product that enables financial institutions to steer their customers to ATMs in their surcharge-free networks.

Attendance reached a record-breaking 874 at the Western States Acquirers Association 2012 Conference last week in Huntington Beach, Calif., up from the previous record of 722 set last year in Burlingame, Calif.

Capital Access Network Inc. is expanding its annual funding capacity to $1 billion.

HUNTINGTON BEACH, Calif. – Don’t seek immediate gain when networking with colleagues, an executive advised here Wednesday at the Western States Acquirers 2012 Conference.

HUNTINGTON BEACH, Calif. -- Acquirers stared into the face of the “enemy” here Thursday, and he didn’t really seem that scary

HUNTINGTON BEACH, Calif. -- The days are just about gone when independent sales organizations and sales agents can sign up merchants for transaction services simply by offering a price a few basis points lower than the completion.

HUNTINGTON BEACH, Calif. – Don’t seek immediate gain when networking with colleagues, an executive advised here Wednesday at the Western States Acquirers 2012 Conference.

Some new entrants to the acquiring business got a full report Wednesday on the perils that lie ahead in their chosen field.

Salespeople usually can’t do anything about it when an ISO or processor cancels the residuals earned from signing up merchants for transaction processing.Their attempts are usually stymied by the unfavorable contracts they’ve signed.

A study guide has just been released as a companion to a recent hardcover book aimed at the acquiring industry.The 204-page workbook is called “Credit Card Processing for Sales Agents: Study Guide.”

SecureNet Payment Systems has opened a technology and innovation center in Austin, Texas, and revealed plans for a client operations center in Silicon Valley, Calif., later this year.

Capital Access Network’s subsidiary Newlogic Business Loans Inc. is now granting loans to merchants through ISOs in all 50 states.

ISOs stand to make more money if they provide some of the funding for merchant cash advances, and at least a few are borrowing to do it.

Consumers often view mobile payments as “a lot of craziness going on,” instead of a secure and viable alternative to plastic cards.

A new cloud-based merchant loyalty scheme has earned the backing of a major payments processor and some large retailing chains.

ShopKeep POS, a small start-up ISO, may help change the payments landscape. About 3,000 merchants use its cloud-based point-of-sale system that’s supported by Apple iPads and MagTek mobile card readers.

American card issuers and acquirers were “dragging their feet” until recently on the transition to the EMV chip card standard, but several companies hope to speed the transition by making a clear business case for the technology.