by Melody Lashmar - It became evident that the chain of financial responsibility contingent with offering and gaining a merchant account is grossly misunderstood. It was during a panel discussion in Europe that the comment was made to one of the panelists stating that they, unlike an aggregator, do not take any financial risk. Although this is a common assumption, it is...
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By Melody Lashmar - The above title is extremely fitting today in banking. The endless closing down of banks, the continued shutting down of business checking accounts for 5967-type merchants and the unrelenting pressure for banks not to process for 5967-type merchants demonstrates the applicability of this statement.
The European shows were excellent. I had the pleasure of speaking with businesses from all over the world, with a heavy European concentration. It was great to hear other people's perspectives on the business in general, and their specific interests as they relate to the current environment in particular.
The billing panel in London was moderated by Oystein Wright from MPA3 and...
By Melody Lashmar - You might wonder why you can’t simply open a Merchant Account in whatever country you like. In a nutshell, it’s because there is a concept of Cross Border Acquiring that endeavors to protect all the parties in the credit card processing transaction.
The Internet was a catalyst in the concept of doing business outside of your regular geographical footprint. The...
By Melody Lashmar - This article was originally published in June of 2011 but it is worth reviewing. Looking back you can see that there have been no additional banks in the US that have started registered high-risk merchant processing and the others that still participate have become very taxing in their requirements to board this merchant type.
Gone are the days of convincing...
Day one in London did not dissappoint me. I had the good fortune of meeting up with a few familiar people at the airport that were on the same flight as me. We shared a taxi to our hotel and then had a nice meal to get settled into our new surroundings.
by Melody Lashmar -Web traffic is an integral part of the e-commerce merchant's customer acquisition strategy. So much so, in fact, that typically anyone can sign up as an affiliate online and begin sending traffic to their new partner very quickly. Affiliates are so vital to merchants that there are: job positions for Affiliate Managers; companies created to simply manage the...
Online Dating has been around now for decades. At the last iDate conference I attended I even heard it stated that we are in the second generation of people that met through online dating. With that transition, it is becoming more and more acceptable to the general population that you no longer have to hide the fact that you met online. Over the years hundreds, if not thousands,...
By Melody Lashmar - The concept of processing credit card transactions through Merchant Accounts in countries where the merchant has no physical presence is a topic that comes to my attention at least weekly. Therefore, for the benefit of those who need a refresher and for those whom it is a brand new concept, here is a high-level look.
