As Visa has acquired Cybersource (including it's well know payment gateway subsidiary, Auhorize.net) it has it's competition scrambling to catch up to buy up technology in the credit card payment industry. Rival MasterCard purchased payment services company DataCash Group for $520 million in August to expand its online commerce business. MasterCard has also created MasterCard Marketplace: a discount web site for card members in conjunction with e-commerce company NextJump. DiscoverCard already has a site for discounts as well.
Showing posts with label amex. Show all posts
Showing posts with label amex. Show all posts
Wednesday, October 6, 2010
Credit Card Companies Battle for Technology
As Visa has acquired Cybersource (including it's well know payment gateway subsidiary, Auhorize.net) it has it's competition scrambling to catch up to buy up technology in the credit card payment industry. Rival MasterCard purchased payment services company DataCash Group for $520 million in August to expand its online commerce business. MasterCard has also created MasterCard Marketplace: a discount web site for card members in conjunction with e-commerce company NextJump. DiscoverCard already has a site for discounts as well.
Tuesday, February 16, 2010
Merchant Services and Amex: Why should you accept them?
Amex is the 3rd most popular credit card in the United States. Many businesses don't accept American Express because they feel the fees are too high. In truth they usually are no higher and could be lower than accepting a Visa coporate card. Chances are if a customer gives you an Amex it's because he wants the bonuses the card offers and may very well take his business elsewhere. You can decide for yourself if you would like to turn away that customer.
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