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.
Payment Facilitator News
Foreign Banks and Merchant Accounts
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...
New Banks in High-Risk Merchant Processing! NOT
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...