| Chase Paymentech Debuts Website for Small and Medium Businesses
DALLAS, Feb. 8 /PRNewswire/ -- Chase Paymentech Solutions, LLC, has launched a new website designed to help small and medium sized businesses affordably accept credit card payments. The new site, http://merchantaccount.chasepaymentech.com, provides business owners with a simple, easy to use guide to access the latest Chase Paymentech payment processing tools. The site allows businesses to research payment products that fit their needs and offers quick access to experts who can customize a program to each business' requirements. These programs feature reliable terminals, low interchange rates to process credit card transactions and even custom gift card programs. Solutions can be designed for merchants who need secure payment solutions over the Internet, point-of- sale, telephone, or mail order.
Frommer: Check bank charges before using credit card overseas
What credit cards should you use if you plan to travel abroad? The mathematics are fairly clear. You start with the fact that all the big banks issuing credit cards charge as much as 3 percent of the total when that card is used for a transaction in a foreign currency. And that expense is over and above the 1 percent charged by Visa and MasterCard for converting the foreign currency payment into U.S. dollars. Visa and MasterCard perform a service in return for their 1 percent charge. The largest credit-card issuers in America -- Bank of America, Citibank, Fifth Third Bank, JP Morgan Chase, Simmons First Bank and Wells Fargo -- all charge 3 percent for doing nothing. American Express charges 2 percent. Wachovia and Washington Mutual charge 1 percent.
Visa plans IPO aimed at raising over $18 bln
Visa Inc, the world's biggest electronic payment processing company, announced on Monday that it was planning an initial public offering (IPO) in the United States, saying it hoped to raise over 18 billion dollars. Visa, which processes payments for credit and debit cards, said it plans to offer just over 400,000 shares for public purchase. It expects its shares to be priced at between 37 and 42 dollars per share. The San Francisco-based company said in a statment that it plans to launch its IPO as soon as possible. Investors will be able to purchase shares in Visa from a pool of 447 million shares of Class A stock the company intends to sell. The company has hired a group of well-known investment banks to support its IPO, including Goldman Sachs, JP Morgan and HSBC Securities (USA) Inc.
MasterCard spent $1.8M lobbying
MasterCard International Inc. spent $1.8 million in 2007 to lobby on Internet-related issues and on fees merchants pay when customers use credit cards. The Purchase, N.Y.-based company spent $880,000 in the second half of 2007 to lobby Congress, according to a disclosure form posted online Feb. 13 by the Senate's public records office. It lobbied on gambling regulations and the use of credit cards to purchase illegal material on the Internet. The company spent $880,000 lobbying in the first half of the year on financial literacy, data security, microchip technology and fees banks pay to credit card networks. Congress is weighing tighter regulations on the credit card industry. The industry came under fire in December, when a Senate subcommitee issued a report denouncing practices that include raising interest rates for customers whose credit ratings decline, even if they make their card payments on time.
Heartland Payment Systems buys majority stake in Collective Point of ...
PRINCETON, N.J. - Heartland Payment Systems Inc., which offers payroll and debit and credit card processing services, said Tuesday it bought a majority stake in Canada's Collective Point of Sale Solutions Ltd. Terms of the deal for the payment processing and secure point-of-sale services company were not disclosed. Heartland said it does not expect the purchase of a controlling stake in Collective, which has about 5,000 Canadian customers, to have "a material impact" on the New Jersey's company 2008 revenues or net income. Shares of Heartland fell 6 cents to $21.95 in afternoon trading. .
Hang Seng Bank Selects VeriFone Contactless Solutions
SAN JOSE, Calif. - (Business Wire) VeriFone Holdings, Inc. (NYSE: PAY) today announced it has been selected by Hang Seng Bank of Hong Kong to provide contactless payment solutions in support of the enJoy Card rollout. The Hang Seng enJoy Card is a co-branded credit card with retailer Jardine Matheson and the first credit card in Hong Kong to use the Visa payWave contactless payment technology, allowing cardholders to enjoy the convenience of fast and secure payments. VeriFone will supply the EMV-certified QX110 contactless reader and NURIT payment systems for use at merchant sites in the Jardine Matheson Group. "With the broadest product line of contactless solutions, VeriFone is well positioned to support this and other projects where contactless is being implemented throughout the region," said William C.
CSI: TCP/IP
LOCATED ON THE LESS FASHIONABLE north end of the Las Vegas strip, the Riviera Hotel and Casino has seen better days. Even the girls in posters for the hotel's topless revue could use a makeover. But hey, it's cheap. Which is why 6,000 hackers have descended upon it for DefCon, billed as the "largest underground hacking event in the world." So while the hotel is no doubt happy for the business, it's also – in classic Vegas fashion – hedging its bet. Employees received a memo warning them to be on the lookout for people skimming guests' card numbers. Credit card processing has been suspended in the food court. The Riviera doesn't need the grief. .
Hardware NVIDIA Details GeForce 9600 GT
Corporate guidance from NVIDIA lists the initial GeForce 9600 GT shipments come stock with a 650 MHz core clock and a 1625 MHz unified shader clock. Unlike the G84 core found on GeForce 8600 GT, D9M will feature a 256-bit memory bus interface. Coupled with a 900 MHz memory clock, NVIDIA calculates the memory bandwidth at 57.6 GB/s. The texture fill rate is estimated at 20.8 billion pixels per second. The company would not indicate how many shaders or stream processors reside on the D9M core. Late last year, NVIDIA confirmed the D9 family will use TSMC's 65nm process node. The company introduced its first 65nm processor shrink in November 2007: the G92. Other details of the D9M family have already surfaced. ChileHardware published slides yesterday claiming the GeForce 9600 requires a 400W power supply that requires 26A on the 12V rail. Unlike previous mid-range GeForce cards, the D9M will require a 6-pin supplementary power connector.
Leah Garchik
Arianna Huffington spoke to San Francisco employees of the huge ad agency McCann-Erickson on Friday morning, and I wondered how and why the whole thing came about. By 10:30 a.m., the large conference room was crowded with perhaps 100 ad men and women, who enjoyed coffee, bagels and a great show. Huffington talked of politics (citing "the gullibility of the American electorate" and her distaste for poll-driven reporting); she talked of the soul (We need to at the same time "connect with who we are and disconnect with the world around us"). She talked of old media and new media, and an Internet in which everything "is available free, supported by advertising." She was witty ("Guys see sleep deprivation as a virility symbol") and full of opinions ("The media tries to present every story as though it has two sides." Would we value the opinion of anyone who thinks the world is flat? she asked).
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An evening drive with a friend ended in an accident for a Springville boy over the weekend, and his troubles won't end there.Springville police said the 13-year-old boy took his parents' car without permission Saturday and went for a drive with his friend.Read more... .
TheStar.com | Business | Halal flexes its marketing muscle
His series of Muslim websites gets 25 million page views a year and lists more than 360 halal restaurants in Toronto alone. "A great by-product of this is there is a huge segment (of people) that wouldn't have kept halal, but now do so because it's easy," Amanullah said. "There's no excuse any more." Halal's burgeoning popularity can be linked to religious fervour, and beliefs that it's cleaner, healthier and tastier. Some argue it's driven by consumers' urge to follow ritual or their desire for acceptance, while others see it part and parcel to another rising trend. "The attraction to halal is the creeping of fundamentalism into the west," said Munir Pervaiz, secretary general of the Muslim Canadian Congress, which represents moderate and secular Muslims.
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