merchant accounts
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Avoid Late Batch Chargebacks
As of May 18, 2011, Visa amended Reason Code 74 "Late Presentment" to state "If transacrtions are not batched/settled within 10 days from the date of the transaction, Visa mandates that card-issuing banks use chargeback Code 74 for "Late Presentment" to issue a chargeback notice. Merchants will lose the transaction in question." In order to avoid late batch chargebacks, we... -
What is Terminated Merchant File or Credit Card Blacklist?
Terminated Merchant File (TMF) is an unofficial blacklist of consumers who broke the terms of their merchant agreement. Used by Visa or MasterCard processing banks ("acquiring banks") extinguish those who have already been terminated. It is mandatory for acquired banks to list your business and primary name if you have been terminated. There are eight cases that will get you... -
Facebook and Cisco Enable Easier WiFi Check-Ins at Local Businesses
For customers, no hard-to-enter numbers; for merchants, location data analytics, served up daily. Business owners who attract customers with free wifi are about to benefit from a new offering from a new partnership between internet titans Facebook and Cisco. As the only full-service POS provider — from software development to franchise incubator to ongoing support — part of Sintel's commitment... -
An IPASS for Drive-Throughs
Recently, a new technology has been unveiled that will enable customers at fast food restaurants to pay through an electronic tag on their car windshield much like the IPass. The magazine Business Solutions, recently published an article in their September issue titled, “Solutions Provider Lands RFID/Payment Processing Project”. One of the major benefits of this technology is that it will...