Archive for the General Category
Why Credit Card Swipe Fees Matter
If you’re a business owner, you already know that you and your customers pay what’s referred to as “swipe fees”. These fees are set by credit card companies and basically amount to a tax on not only the consumers who swipe their cards, but the merchants who accept them. While it’s not necessarily an unreasonable [...]
Why Your Company Should be Accepting Prepaid Credit Cards
As many businesses are aware, the Credit Card Accountability, Responsibility and Disclosure Act of 2009 changed the way many Americans use credit. Among other things, there are now even more folks who are unable to qualify for traditional bank cards. The recession, record job losses and foreclosures annihilated credit ratings for countless Americans and even [...]
The Importance of Training
Now that you’ve updated your merchant credit card services, there is the small matter of training your employees so that they can ensure your customers benefit from your updated equipment and processes. FDIS knows the importance of a seamless transition and we want to be sure you and your employees get the most your of [...]
Credit Card Processing Services Glossary
It’s hard to keep up with all of the new technology in merchant credit card processing services – but couple the almost-impossible task of keeping up with the acronyms of these technologies, it can quickly turn into what seems like a foreign language.
Our FDIS team has put together a glossary of commonly used terms you’re [...]
Vermont – Not Ready to Lead the Country?
Richard Mazza, a Vermont Democratic Senator, says Vermont is not ready to lead the country in terms of a bill that crashed and burned on the Senate floor this week. The legislative effort’s goal was to place tighter regulations on the fees credit card companies charge store owners any time one of their cards is [...]
The Latest on the Potential Financial Services Complaint in China
As many may already be aware, the U.S. heard arguments last week from credit card companies, including Visa, MasterCard and Discover, about lodging a formal complaint against China for failing to meet compliance issues when it became a part of the World Trade Organization in 2001. Part of those compliance issues was China’s agreement to [...]
What Are Those Fees?
Seems like we’re always trying to figure out what different fees are on our bank statements, credit card statements and even those invoices from shipping carriers. We might not can tell you why your shipping carrier charged two fuel adjustment fees, but we can explain a few of the various fees and assessments associated with [...]
New Law Goes into Effect January 1, 2011
It’s difficult to remember – or even keep up with – new laws. There is one law, however, that was passed during President Bush’s term in office that many have followed since. As part of the Housing and Economic Recovery Act, passed into law in July, 2008, merchant acquirers will be required to begin reporting [...]
Making the Right Choice in Your Credit Card Processing Services
It can be difficult to know which credit card processing company will best suit your specific needs. Ideally, those that offer a full range of services, including wireless credit card processing, are any company’s best bet. First Data Independent Sales is an industry leader that offers every service currently available and we are on the [...]
We’ve Come a Long Way
Remember the days of “Charg-It”? It was only an introduction, courtesy of the limited capabilities of the 1950s, of how we would handle personal finances in a contemporary day. Now, we’re afforded instant payment via credit card processing services, our electronic check methods are deducted instantly from our checking accounts and our debit cards and [...]