Payment Processing

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AmEx Begs You to Leave Home Without It!

In a new promotion that has garnered the attention of headlines across the county, American Express (NYSE AXP) is offering $300 gift cards to selected consumers if they pay off their remaining balances and close their accounts.  The promotion is just one of many ploys being used by credit card companies in an attempt to [...]

2Apr2009 | Minnie Rudolph | 1 comment | Continued
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Is Your Merchant Account Safe?

During a global financial situation like we have today, it’s very easy for a lot of things to go unchecked and merchant account providers are no exception. I will save the complexities for a later point, but to sum things up, the vast majority of merchant accounts are managed and provided by Merchant Service Providers [...]

1Dec2008 | Riley Poole | 1 comment | Continued
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Could American Express go Bankrupt?

The answer is: yes. I have a lot of respect for American Express (NYSE AXP), while so many merchants online wish they never heard the name, I realize that American Express, if anything, has never hidden the fact that consumers are their focus and not merchants. While I don’t agree with the strategy, I can [...]

30Nov2008 | Riley Poole | 4 comments | Continued
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Bill Me Later fire sale to eBay prevents Sue Me Later

Bill Me Later, a registered trademark of I4 Commerce Inc. gets sold off to eBay (Nasdaq EBAY) In an effort to Avoid Sue Me Later.
By now, you’ve all probably heard that Bill Me Later was purchased today by eBay (www.ebay.com) for roughly $820 Million in cash, and over $100 Million in options. When I first [...]

6Oct2008 | James Blunts | 0 comments | Continued
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Paypal considering Verified by Visa

What happens when you introduce one of the most widely targeted brand names, i.e. Paypal, with yet another highly targeted brand name, i.e. Visa? Can anyone say Chernobyl?
Seems in an effort to combat fraud, Paypal is in the early stages of considering the use of Verified by Visa and MasterCard (NYSE MA) Secure Code to [...]

13Feb2008 | Riley Poole | 14 comments | Continued
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eBay In Talks To Acquire Cybersource?

Frankly, one of the major issues surrounding eBay (NASDAQ EBAY) not including its lacking merchant interest is fraud. While just a rumor, some people suggest that eBay may want to take the plunge and purchase Cybersource (NASDAQ CYBS). As Cybersource would not only give eBay access to the largest risk management service online, it would [...]

12Feb2008 | Riley Poole | 7 comments | Continued
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Google Adwords Chargeback Fraud?

It seems that fraud at Adwords has reached such epidemic proportions that Google (NASDAQ GOOG) has resorted to random calls to verify order activity. While Google would typically take the stance that a small amount of fraud is warranted when you consider the number of Google Adwords advertisers, it appears that this is no longer [...]

11Feb2008 | Riley Poole | 16 comments | Continued
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Google Checkout A Ghost Town

In line with our prediction that nearly 90% of the transaction activity decreased from Google (NASDAQ GOOG) Checkout from a holiday high a year ago, The Google Checkout Merchant Forum is proof positive that the program is all but dead.
As Google struggles on many fronts, including its ailing stock price, there are many causalities including [...]

10Feb2008 | Riley Poole | 14 comments | Continued
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“I’ll pay you in 21 days for a Hamburger today” says Paypal

eBay (NASDAQ EBAY) has really not been scoring points on the merchant front for the past few weeks. Ever since Meg decided to abandon the sinking ship, seems the entire business has been hurting, right down to the golden goose. The problem now, of course, is that many recent changes to their cash cow have [...]

9Feb2008 | Riley Poole | 19 comments | Continued
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The Jig is Up, Guys!

Seems that a long kept secret is out. Seems like Wachovia (NYSE WB), Wells Fargo (NYSE WFC) and many other banks have gotten caught with their hands in the cookie jar. While banks have often been once removed from “illegal merchants” it seems regulators have wised up to the practice of looking the other way [...]

8Feb2008 | Riley Poole | 9 comments | Continued
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