MasterCard

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10 Things your Merchant Service Provider Will Not Tell You

1) Discount rates are ultimately set by Visa/MasterCard. Anything in excess of these rates are profit for the ISO, Merchant Service provider, and end-reseller. In the case of high risk merchants, these can be upwards of several percentage points per transaction.
2) Being on the TMF list doesn’t automatically exclude a merchant from being accepted for […]

1Jan2008 | Riley Poole | 3 comments | Continued
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MasterCard buys 25% of Cybersource

While just a rumor, sources say that MasterCard (NYSE MA) is going to acquire a rather large stake in Cybersource (Nasdaq CYBS). Some say as low as 5% while others say as high as 30%. What does this mean to the industry?
First off, the CyberSource buyout of Authorize.Net was a bad move for merchants all […]

29Dec2007 | Riley Poole | 0 comments | Continued
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Merchants maybe risking millions in fines while using Google Checkout

From time to time, major companies miss their PCI certification deadlines. It’s not uncommon and in fact it has been a problem that many major companies have faced. The certification process is daunting, expensive and time consuming and must be completed annually but with that said, what’s going on with Google?
Visa USA Inc. maintains a […]

29Dec2007 | Riley Poole | 7 comments | Continued
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Eight Predictions for 2008.

This will be my first predictions list, let’s see how many I get right. Sorry, this list isn’t for the weak at heart, you’ve been warned.
1) Google will suffer a major security breach.
Nearly 750,000 advertisers use their credit cards on Google accounting for nearly 3,000,000 unique credit card numbers. Millions more consumers use Google Checkout, […]

28Dec2007 | Riley Poole | 9 comments | Continued
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