Vantage Viewpoint

Debit cards highly valued

  • December 27, 2009
According to a new survey commissioned by Visa Inc., U.S. consumers whose primary payment method is their debit card would rather give up coffee, their MP3 player, their mobile phone, email, visiting …

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CPAs play a key role in helping small businesses implement payment best practices

  • December 15, 2009
Poor management of accounts receivables is the enemy of cash flow. For small businesses today, 30-day terms all too often extend to 60, 90 and 120 days before payment is made.

CPAs can help their …

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Salvation Army deploys card acceptance

  • December 15, 2009
The Salvation Army is accepting credit and debit cards for contributions this holiday season in more regions nationwide. News articles from around the country have reported on the card terminals at …

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U.S. Merchants receive $1.1 Billion Final Payment Early

  • December 08, 2009
The law firm Constantine Cannon LLP announced today that approximately $1.1 billion in payments will be mailed to approximately 634,000 merchants across the United States, the final large-scale …

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Unbanked Americans need Plastic

  • December 04, 2009
The number of “unbanked” Americans rose 1.3 million nationally last year, according to a survey released Wednesday by the Federal Deposit Insurance Corp.   Of the unbanked …

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Retailers likely to see lower Interchange costs this holiday season

  • December 02, 2009
Retailers are likely to see lower Interchange processing expenses this holiday season due to fewer consumers using credit cards and rewards cards.  According to a WSJ article, Fewer Shoppers …

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Internet gambling regulations implemented

  • December 02, 2009
The U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System have issued regulations implementing the Unlawful Internet Gambling Enforcement Act requiring U.S. …

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New gift card rules proposed

  • December 02, 2009
The Federal Reserve Board announced proposed rules that would restrict fees and expiration dates on store branded and network-branded gift cards intended to protect consumers.   The …

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Vote to Abolish Check Clearing

  • November 30, 2009
According to an article in Bank Technology News, the United Kingdom may stop clearing checks by 2018.  A number of large retailers in the UK have already stopped taking checks or are phasing …

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MasterCard requires support for Partial Approval, Real-Time Reversal, and Balance Response

  • November 24, 2009
Recently, MasterCard announced rule changes and supporting requirements for acquirers and their merchants in the U.S. region to support partial approvals, authorization reversals, and balance …

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