Merchant Account Terminology
Bank
Bank and financial institutions assist in setting up Visa, Discover, American Express and MasterCard merchant accounts. Banks provide their services in exchange for processing fees. Assuming you have reasonable credit, setting up with Merchant Account Credit Card Processing Company is simple.
Choosing a Bank Credit Card Processing & Clearinghouse Processing credit card transactions usually occurs at a clearinghouse. When your shopping cart within your online
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Google is now allowing select Google Base users to use Google Payments as a substitute to a merchant account.
The best way to describe Google Payments is calling it an alternative to PayPal.
The set up is fairly easy, and you must verifiy your bank account.
So if you do not have a merchant account, don’t worry. The time is coming that you can use Google Base as an alternative to a standard Merchant Account.
The three major consumer credit reporting agencies have announced that they have created a new credit scoring system aimed at simplifying the loan process for both lenders and borrowers.
The announcement by Equifax, Experian and TransUnion said the new “VantageScore” was “a direct result of market demand for a more consistent and objective approach to credit scoring.”
“Under the new scoring system, credit score variance between credit reporting companies will be attributed to data differences within each of the three consumer credit files and not to the structure of the scoring model or data interpretation,” the agencies said in a joint statement.
It added that VantageScore “will provide consumers and businesses with a highly predictive, consistent score that is easy to understand and apply.”
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If you have seen the commercials touting American Express’ Clear card, then chances are you live in Boston, or Dallas. Continue reading »
The company has launched its first big marketing push around the transparent credit card buying time on local television and radio stations, ads in print publications and using direct mail. But American Express is focusing its advertising dollars in Boston and Dallas before taking it national.
After researcing the market they saw the need for a no fees card, and this the Clear Card has no fees. Be watching for it in your area soon.