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Posts in October, 2008

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Role of the Sponsor Bank in Credit Card Processing

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Oftentimes when looking at your credit card processing bill or your credit card processor’s website you will see language like “XXXX Co is a registered ISO/MSP of XXXX bank”.  For example, look at the bottom of the website of North America Bancard – it says “North American Bancard is a registered Independent Sales Organization/Merchant Service Provider for HSBC Bank USA, National Association, Buffalo, NY and Wells Fargo Bank, N.A.,Walnut Creek, CA”. Read more

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Economic Downturn Survey Part 1

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We recently paid a market research firm, markettools, to conduct a random survey of small businesses.  There were two goals for the survey – 1. to learn about how the current financial crises is affecting small businesses and 2. to learn about how small businesses shop for financial services.  This post summarizes the responses pertaining to #1, tomorrow we will post about #2. Read more

Quick Hits

How Utility Companies Can Save At Least 25% on Credit Card Processing

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FeeFighters recently spoke at a utility conference about how its participants can save money on credit card processing. After analyzing one of the participants’ credit card processing statements, we realized they could save 25% or about $30,000 annually on their credit card processing fees.

7 Steps To Zappos-Quality Customer Service

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By the time we talk to business owners, many have been burned by a credit card processor. They reach out because they have been lied to, promised lower rates, and altogether feel cheated.

FeeFighters Panel @SxSW

We had a great time submitting, organizing, and speaking on our panel on financial institutions and startups. Here are some photos from the event and a great summary from moderator Felix Salmon: