An analysis from the First Data Corporation shows a discernible uptick in consumer spending in the period heading right into the holiday season — namely, the month of October. For that four-week period, their “SpendTrend” analysis tracked “same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.”
Tag: card merchant service
Madera, m’dear? Not If You’re Not Careful About Card Fraud!
While credit card fraud thankfully remains the rule, rather than the exception, we like to post occasional news items here about card fraud schemes, for their instructive value. In other words, what they can they teach our merchants about making their own transactions safer?
AVPS In Your Corner For Charge Disputes
Suddenly, there are news stories about credit card disputes everywhere. Fox Business had one about consumer complaints, but those aren’t the same thing. Or rather, we might consider charge disputes a subset of overall “complaints,” which could include everything from bad service, to not crediting a payment, to not honoring a stated interest rate, and more.
Card Use Expected to Be Up This Holiday Season: Is Your Business Ready?
Projections for credit card use this holiday season continue to be good. The Greensheet, a credit card industry newsletter, recently featured a round-up of projetions, with many saying that this year’s holiday retail sales could top 2011 by upwards of 4 percent. Deloitte LLP estimated that U.S. retailers will rack up over $900 billion dollars of sales between November (which starts today!) and January of 2013. And of that, approximately $36 billion is expected to be “mobile-influenced,” with
shoppers using phones and tablets to help locate items, and comparison-shop between them.
Card Merchant Service: Picking a Service That Works for Your Business
The merchant service provider a business chooses determines the profitability of both current and future customer transactions. Unreliable processors or ones that charge excessive fees can be detrimental to the profits of smaller companies. Other factors such as current transaction handling processes and location setup also play a part in the service provider chosen. Offered services should match the specific needs of the business.
