The Merchant Risk Council (MRC) has announced the following additions to its Board of Directors: Mike Duffy – President and CEO, Chase Paymentech, Jon Karl – Vice President of Business Development and Founder, iovation, Mike Petitti – Senior Vice President of Marketing, AmbironTrustWave, Keith Roberts – Vice President, Global Software Product Management, EFD | eFunds Corporation, and Gerry Sweeney – Senior Vice President Cross Platform Products and Services, Visa USA.   » Continue Reading

MasterCard Europe has announced that it will delay the introduction of Single Euro Payments Area (SEPA) fallback interchange rates for Maestro point-of-sale (POS) euro transactions, citing continued lack of clarity from competition authorities over interchange fees and opposition from some merchant associations.   » Continue Reading

I4 Commerce has announced Bill Me Later Business, a new payments service for merchants with small business customers. The company says "this is the first payments service designed to help retailers meet the needs of small businesses, by simplifying the purchasing process and increasing purchasing power for the 25 million small business customers in the U.S., without requiring lengthy applications or credit cards. Bill Me Later Business enables retailers to capture a larger share of the $35.5 billion small businesses spend online annually."   » Continue Reading

Comptroller of the Currency John C. Dugan has established an Enterprise Governance unit to support the Office of the Comptroller of the Currency’s strategic planning, risk management, quality management, assurance testing, and business process improvement efforts.   » Continue Reading

Heartland Payment Systems has announced results of a recent survey conducted as part of its Merchant Bill of Rights initiative, a proposed industry standard intended to "inform and educate business owners about card processing costs and drive savings for small and mid-sized businesses." The survey found that many small and mid-sized business owners don't understand credit/debit/prepaid card processing costs, the fees and surcharges they pay, and how these charges impact their bottom line.   » Continue Reading

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