NavigationProven SolutionsElectronic payment solutions for the RTO industry. RTO BlogSenate Passes Credit Card Reform Legislation
Posted May 19th, 2009 by dave
The U.S. Senate approved legislation today that will have a drastic effect on the credit card industry. The bill, called the Credit Card Accountability, Responsibility, and Disclosure (or Credit CARD) Act, sponsored by Senate Banking Committee Chairman Chris Dodd, D-Conn. addresses credit card issuers' ability to raise rates on existing balances as well as over-limit and late fees and more. (more) VeriSign Survey Finds Nearly Ten Times as Many Consumers Feel Trust Is More Important Than Cost When Transacting Online
Posted December 11th, 2008 by dave
In a recent article by Marketwire VeriSign, the trusted provider of internet infrastructure services, indicated that even in trying times, consumers seek safety over savings; eighty five percent of consumers said trusting a site is most important when transacting online. Here is the Marketwire article To keep your customer data secure, make sure you are using a PCI compliant payments solution, and abide by the PCI Guidelines. We are here to answer your questions, contact us for more information on secure payment solutions! November Retail Sales Dismal - Except Wal-Mart
Posted December 5th, 2008 by dave
Turbulent Economic Times Changing Shopping Behaviors
Posted August 27th, 2008 by dave
RIS News has some interesting insight on shopping behaviors. Turbulent Economic Times Changing Shopping Behaviors Seven Common Consumer Credit Myths Dispelled By TransUnion's TrueCredit.com
Posted July 24th, 2008 by dave
Some interesting myths about personal credit history. Seven Common Consumer Credit Myths Dispelled By TransUnion's TrueCredit.com Federal Reserve Update on Consumer Credit
Posted July 9th, 2008 by dave
The Federal Reserve provided its G.19 monthly update on consumer credit in the US - reporting Visa Changes its PIN Requirements on Small Ticket Purchases
Posted July 2nd, 2008 by dave
Earlier today, the US Department of Justice and Visa announced that Visa agreed to changing its operating rules to allow PIN-based debit transactions on small purchases without requiring cardholders to enter their PINs. Issuers will now have the choice on whether they will require a PIN for purchases under $25.00. As a result, the Justice Department dropped an antitrust investigation of Visa and the PIN requirement. Visa has allowed banks to permit merchants to waive the signature requirement when customers use Visa debit cards, usually on small purchases below $25, the department said. But Visa has prohibited banks from allowing merchants to waive the entry of a PIN if a customer chooses that route. Visa said it is ending the prohibition on waiving PINs effective Tuesday. Downloads ColorTyme Interview
Posted June 17th, 2008 by dave
Make sure to check out our newest interview with Tom Lacey of Lacey and Sons Inc. (dba ColorTyme). http://rto.monerisusa.com/media Moneris Solutions Signs Merchant Acquiring Agreement with Discover Financial Services
Posted May 7th, 2008 by dave
Moneris to offer Discover Network card acceptance as part of their integrated processing services Under this agreement, Moneris and their BIN-sponsored Independent Sales Organizations (ISOs) will provide processing services for Discover Network acceptance enabling merchants to offer a broader range of payment options at the point-of-sale. Merchants will now receive an all-in-one payment processing solution with the convenience of a single source for statements, settlement, and customer service. Previously, merchants had to sign up separately with Discover. With this agreement, Moneris will serve as a one-stop-shop and will manage the processing, settlement, risk management, pricing and customer service for the merchant accounts. "The ability to offer a consolidated payment solution that includes Discover Network card acceptance is a tremendous benefit to our merchants, banks, strategic partners, and ISOs, said Greg Cohen, president of Moneris Solutions US.” Not only will merchants be able to take advantage of expanded payment options for their customers, but they will also receive an inclusive payment solution from a company they know and trust." “Our agreement with Moneris Solutions provides their sales channels a powerful, merchant-friendly sales tool, while helping to extend Discover’s reach in offering small- and mid-sized merchants a streamlined, integrated processing package that includes Discover Network card acceptance,” said Gerry Wagner, vice president acceptance and client relations for Discover Financial Services. “The success we are experiencing with our merchant acquiring model demonstrates this is the type of program small- and medium-sized merchants are seeking and is another example of how we are meeting their needs.” About Moneris Solutions About Discover Financial Services Moneris Solutions Partners with Infonox to use Transending™ Solution for US Merchant Portfolio
Posted April 17th, 2008 by dave
TranSending™ is an end-to-end platform that automates merchant acquiring from application through development SUNNYVALE, CA & CHICAGO, IL, April 15, 2008 – Moneris Solutions, one of North America’s largest payment processors, today announced that it is implementing the TranSending™ solution from Infonox. TranSending™ is a client-branded, web-accessed system that automates all merchant acquiring processes including Sales Management, Back Office functionality, and Merchant Reporting solutions. Moneris will be using an integrated version of TranSending™ to automate their US portfolio and manage critical tasks including: organizing sales leads, online merchant application submission, customized underwriting, service level agreement reporting, and profitability analysis. In addition, Moneris will be able to use integrated third party services to automate both front and back end merchant boarding and terminal deployment. The ability to automate the merchant application process through a single point of entry, along with real-time boarding and customized reporting solutions, will translate into cost savings and customer service efficiency. Additionally, with TranSending™, Moneris is able to offer a merchant-branded portal through which its customers can view their current and historical processing information in a secure environment. This portal also acts as a document library, Help Center, and customized report repository, further empowering merchants with information about their statistical trends and transaction details. “Moneris strives to offer our merchants high quality products and outstanding customer service. After evaluating a number of different solutions, we chose the TranSending System from Infonox because we felt it was the most comprehensive and versatile option available,” said Greg Cohen, president of Moneris Solutions, US Group. Developed over several years by Infonox, TranSending™ is a scalable system that grows as a client’s merchant portfolio grows. The system is built in such a way that it allows for customization and enhancement to fit the specific needs of the client being served. “Infonox is confident that TranSending™ will provide Moneris Solutions and its customers with a comprehensive and trail-blazing solution to support goals and growth plans in the merchant services industry,” said Safwan Shah, CEO of Infonox. About Infonox Infonox is the market and technology leader in delivering financial products and services to new and innovative distribution channels, including self-service kiosks, ATM's, PC’s and POS terminals, the web and mobile phones. The Infonox TransIT™ network provides on-demand access to a wide array of payment applications, including check cashing, money transfer, bill pay, ATM/POS, credit/debit and check processing, prepaid, gift cards and more. The Infonox TranSending™ platform provides businesses with complete sales force automation, underwriting, automated boarding, risk management, compliance management and customer service capabilities. Infonox offers its services in a SaaS model, allowing clients to maximize their return on investment and realize the fastest time to market. Infonox serves major banks, processors, acquirers, retailers and service aggregators. Please visit www.infonox.com for more information. About Moneris Solutions/Moneris USA Moneris Solutions, Inc. (www.monerisusa.com) has a 40-year history as one of North America’s largest processors of credit and debit cards, delivering payment processing capabilities through point-of-sale hardware, software, ACH, electronic check, e-commerce solutions and a gift card program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 350,000 North American merchant locations and has a staff of over 1,100 employees. Moneris’ U.S. headquarters are located outside of Chicago, IL. |