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Why Merchants Choose Amazon over eBay

Ironically, the reason merchants choose Amazon (NASDAQ AMZN) over eBay (NASDAQ EBAY) is the same reason merchants choose Paypal over a regular merchant account. Some people will tell you it’s the complex listing process which funny enough has become so bad it’s created many secondary companies over the years. Others will tell you it’s the […]

30Jan2008 | Riley Poole | 8 comments | Continued
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Joost Is On Deadpool Watch

I’m still an old-school kinda guy. I watch TV on my television. I use the computer for computer tasks. And if I decide to read a book, it will be with words on paper. So, I don’t really understand what the kiddies are doing watching all their tv shows on their computer. Hulu, Youtube, Joost, […]

29Jan2008 | James Blunts | 4 comments | Continued
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Why AVS Is Bad for Merchants

AVS, otherwise known as Address Verification Service, just doesn’t work. Banks know it, merchant service providers know it, and merchants should know it. Too often, AVS misleads merchants into thinking an order may be valid when it’s not. I’ve heard merchant after merchant say the same thing “but AVS said it was valid!” only to […]

28Jan2008 | Riley Poole | 4 comments | Continued
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Is PCI A Fool’s Game?

The challenge with PCI certification is simply that it is reactive instead of proactive. Virtually every rule set created is based on some previous bad act to create the ultimate in a false sense of security. The challenge becomes when you mandate that millions of merchants worldwide spend billions of dollars to become “compliant” you […]

26Jan2008 | Riley Poole | 4 comments | Continued
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Identity Theft—Even Bank Chairmen Are Victims!

So, I don’t know if any of you heard about this, but I got quite a chuckle. Apparently, Marcus Agius, the chairman of Barclays Bank Plc (NYSE BCS) (U.K.’s third-largest bank) became a victim of identity theft. That’s right, the big man himself!
Apparently, a scammer was able to put together enough personal information on the […]

24Jan2008 | James Blunts | 14 comments | Continued
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New Paypal Rules

Before the end of Q1-2008, Paypal will release its most aggressive buyer/seller protection policies to date. Over the past year, Paypal has experienced huge losses in the fraud arena and plans to combat this problem with the introduction of new front end screening tools at a cost to the end merchant in addition to a […]

24Jan2008 | Riley Poole | 22 comments | Continued
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Merchant Service Providers May Get Shafted

Rumor has it that those who depend heavily on residual income, aka Merchant Service Providers, may get shafted in 2008. Seems like many banks are starting to feel the pinch and sources say that some banks including Wells Fargo (NYSE WFC) and Bank of America (NYSE BAC) are considering reducing or even eliminating some […]

23Jan2008 | Riley Poole | 3 comments | Continued
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New FICO Scores Coming

As issuers are stepping up their screening methods to help prevent future defaults like the ones seen over the past few years on mortgages and credit cards, banks and lending institutions are revamping their risk profiling techniques across the board. FICO, one of the biggest factors in mortgages, loans, and even merchant accounts is responding […]

22Jan2008 | Riley Poole | 11 comments | Continued
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The Downfall of Google Clicks

Okay, I know the title may scare some of you lemmings that own Google (NASDAQ GOOG) stock. Of course, with the current state of the stock market and where Google shares are currently heading, you guys are probably shaking in your boots already. So, the gloom and doom title of my post may not even […]

22Jan2008 | James Blunts | 17 comments | Continued
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Merchant 911 - True Industry Leadership

So often, people in the industry look to make that quick buck, everything from overcharging for PCI Compliance to gouging TMF merchants for international processing fees. The list goes on and on and yet it’s a good thing when we can see a true leader of the merchant community really try to give back to […]

20Jan2008 | Riley Poole | 6 comments | Continued
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