Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

Merchant Accounts

Welcome to the News View for "Merchant Accounts".

Here, on these archive pages, you'll find all of the articles on Payments News for Merchant Accounts listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

Subscribe to Payments News!

May 01, 2014

Headline News from - May 1, 2014

On the Web:

  • Merchants and Billers: Leverage = Options x Time! - (Jay DeWitt) - "The solution to these situations simple: figure out when your acquirer contract expires, and get it on your planning calendar so you’re teed up to begin negotiations 6-12 months before contract term."
  • In Bitcoin Debate, Larry Summers Sides with the History of Change - Wall St. Journal Moneybeat - "To Mr. Summers, the potential contained in bitcoin’s breakthrough technology, with its fast, low-cost system for confirming transactions, is demonstrated by problems with the current multi-layered system for domestic and global fund transfers."
  • Payment Innovation Is Not Enough For Retail - TechCrunch (Dax Desilva) - "Commerce is all about bringing the right product to the right shopper at the right time, but the payment only addresses the close. To differentiate, merchants need to focus on innovating everything else that happens long before we reach the register..."
  • The death of cash? Debit card use surges - Telegraph (UK) - "Plastic and automated payments are now the most popular method of payment by both volume and size of transactions, according to current account data published by Halifax."
  • HCE vs. BLE: Which has the bigger in-store potential? - Mobile Commerce Daily - "While both NFC and BLE are likely to bring some important innovations to the in-store experience, they also have their limitations."
  • EMV is Not a Panacea for Transaction Security - Verifone Blog (Jeff Wakefield) - "Yes, EMV is more secure than mag-stripe technology, and when fully rolled out it will do a good job of reducing card fraud. But until mag-stripes are eliminated from cards; mag-stripe readers are no longer in use, and until merchants completely eliminate usable data from their environments, EMV will remain a “better option,” but it won’t prevent the theft of cardholder entirely."
  • ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever - Wired - "On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly..."

On the Wires:

  • Chase Launches Marriott Rewards Premier Visa Signature Business Credit Card for Small Business Owners On the Go - "Chase Card Services and Marriott Rewards® today announced the launch of the Marriott Rewards Premier Visa Signature® Business Credit Card designed for small business owners who travel frequently for business or pleasure. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn accelerated Marriott Reward points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status once they become a cardholder."
  • MasterCard Incorporated Reports First-Quarter 2014 Financial Results - "The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period."
  • Worldpay announces strategic acquisition of Cobre Bem Tecnologia - "Worldpay Group today announced that it has acquired Cobre Bem Tecnologia, a leading provider of payment solutions in Latin America, for an undisclosed amount. With this transaction, Worldpay’s eCommerce division will further strengthen its global reach, giving its customers access to a wide range of payment products in Brazil, Argentina, Colombia, Chile and Mexico."
  • Qualcomm Establishes Retail Solutions Subsidiary as Standalone Company -- Gimbal, Inc. - "The QRS team has made tremendous progress with the Gimbal technology platform and I am excited to continue leading this group as CEO of Gimbal, Inc.," said Rocco Fabiano, current president of QRS. "I am eager to continue working with this team under a new corporate structure that will permit the business to respond quickly to this rapidly evolving ecosystem."
  • Wells Fargo Commercial Cards Are Europe-Bound - "In a related announcement, Wells Fargo said all new USD WellsOne® Commercial Cards will be embedded with microprocessor chips defined by E.M.V. (Europay, MasterCard, and Visa) standards. In addition, Wells Fargo has begun migrating all of its existing cardholders over in advance of the October 2015 deadline in the United States."
  • Wells Fargo Launches Wells Fargo Works for Small BusinessSM - "Wells Fargo Works for Small Business provides wide-ranging support for business owners throughout the U.S. to help them build knowledge, access capital and expand their community of support. Wells Fargo Works for Small Business encompasses the company’s commitment to helping small businesses grow."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

October 13, 2009

TransFS Awarded Grant for Merchant Processing Comparison Site

TransFS_logo-140px.jpgTransparent Financial Services (TransFS), a marketplace for businesses seeking financial services, has announced that it has been awarded a grant by the Chicagoland Entrepreneurial Center (CEC) to support the company's continuing national expansion. TransFS also announced that the customer base of its comparison-shopping site for credit card processing services has now grown into more than 12 vertical markets. READ MORE »

September 26, 2009

How to Find a Credit Card Processing Merchant Account

TransFS_logo-140px.jpgIn an article titled "TransFS Launches Comparison Site for Credit Card Processing Fees", TechCrunch profiles TransFS - one of a new breed of websites designed to help businesses comparison shop among various merchant acquirers and ISOs for the best deal that matches their needs. TransFS collects information from the merchant and then gathers bids from providers to present back. The TransFS blog provides a steady stream of helpful, merchant-related articles as well.

Payments-R-Us_logo-140px.jpgAnother new entrant into this space is Payments-R-Us ( that focuses on online merchant payment solutions. Unlike the auction process managed by TransFS, Payments-R-Us offers a free "suggester" based upon the merchant answering some basic questions about their business. Payments-R-Us also has a collection of reference materials helpful to online ecommerce merchants.

May 22, 2009

A Look at Intuit's New GoPayment Mobile Acceptance Solution

Earlier this year, Intuit "soft launched" its new GoPayment mobile card acceptance solution for merchants. Yesterday, Intuit officially announced the new service - "GoPayment helps small businesses improve sales and cash flow by using their mobile phones to accept credit card payments. GoPayment is affordable and hassle-free. All that’s needed is a mobile phone with access to the mobile Web, or the easy-to-download GoPayment application, and an Intuit GoPayment merchant account." READ MORE »

March 30, 2009 Launches has announced the launch of its latest site,, saying it offers "a unique and vital service to the small business community in the United States. The website allows small business owners to compare merchant processing services, which facilitate the acceptance of credit cards for customer payments." READ MORE »

March 18, 2009

Intuit GoPayment - Card Acceptance for Merchants on the Move

Intuit has introduced Intuit GoPayment - saying it "enables business owners to accept credit and signature debit card payments using their mobile phone and a QuickBooks Merchant Services Account." The new service supports an optional Bluetooth mag stripe reader or reader/receipt printer along with Quickbooks integration of the payments processed.

November 12, 2008

New Merchant Acquirers Group on LinkedIn

We've just started a new group on LinkedIn for payments professionals involved in the merchant acquiring business. You can find the group home page here - just click on Join Group if you qualify and want to join. The first discussion topic is: "Hidden Fees in Merchant Statements?" [Update 4 PM PST: LinkedIn seems to be running behind in adding new members to the group - please be patient!]

December 29, 2007

An Online Merchant's View of Credit Card Acceptance

37signal's Jason Fried writes about the process they use for handling credit cards for payment for their online services (including Basecamp, Highrise, Backpack, etc.). Fried writes: "So, credit card processing and set up and all that stuff is a real pain in the ass. It’s definitely intimidating to get started. The industry just feels dirty."

August 20, 2007

How to Get the Best Deal on Merchant Credit Card Processing

In an article titled 'Charge It!", Elizabeth Holmes writes for the Wall St. Journal about how small businesses can get the best deal on merchant payment card processing. Holmes writes that "navigating the payment-card processing system can be an overwhelming and costly burden. With fees tacked on by as many as 12 intermediaries, from the equipment provider and the Internet service to the card issuers themselves, payment processing is often the third- or fourth-highest expense for a small business."

June 19, 2007

Merchant Checking from Wells Fargo

Wells Fargo has announced Wells Fargo Merchant Checking - an account for small business that combines "the convenience of a full-service business checking account with fast and secure credit and debit card processing at a flat, low discount rate. Merchant Checking allows small business owners to begin accepting credit and debit card payments and have access to funds as soon as the next business day in the associated business checking account - simultaneously meeting two core business needs."


November 01, 2006

Global Payments Announces Strategic Alliance With Ruesch International

Global Payments has announced a referral agreement with Ruesch International. a provider of business-to-business payment solutions. Under the terms of the agreements, Ruesch International will refer clients who have payment card processing needs to Global Payments; and, in turn, Global Payments will refer agent banks and business clients to Ruesch International for their cross-border payment processing and foreign exchange transaction needs.


August 04, 2006

Requirements For Securing Cardholder Information

The Merchant Account Blog from reports on a joint news release that was issued just a few days ago from Visa, Mastercard, American Express, Diners Club, JCB and Discover outlining what businesses need to do to secure cardholder data.

April 20, 2006

Coghlan Tells ISOs Visa Will Be More ‘Flexible’, ‘Responsive’

Digital Transactions reports on Visa USA CEO John Philip Coghlan's keynote address to this week's Electronic Transaction Association annual meeting in Las Vegas.


February 22, 2006

Intuit Launches QuickBooks Credit Card Processing Kit

Intuit has announced a new simplified credit card processing solution designed for small businesses that don't need a full accounting package or a high end merchant account service. The QuickBooks Credit Card Processing Kit, priced at $39.95, delivers credit card processing for small businesses handling less than $5,000 in credit card transactions each month.


September 02, 2003

Intuit Expands Merchant Services Business Through Acquisition

Intuit announced today that it is acquiring Innovative Merchant Solutions, a Calabasas, Calif.-based provider of credit and debit card processing services for small businesses. Intuit said it is paying $116 MM to acquire the company which had net revenues in 2002 of $25 MM. READ MORE »
Payments News on Facebook