By Stella
Transparent Financial Services (FeeFighters.com), a leading marketplace for businesses seeking financial services, has today announced that small retailers may overpay an estimated $73 million for credit card processing during an already tight holiday season. As a result of weak predicted sales, retailers are looking to cut operating costs as much as possible in order to maximize revenue. Read more
By Stella
The National Retail Federation today reported that more than half a million retailers will begin receiving checks which total over $1 billion this week. The refund is the result of a federal judge’s decision to approve an early payout of funds from a 2003 settlement of a class action lawsuit against Visa and MasterCard’s debit card practices. Retailers welcome the extra money during a slow holiday season where the ongoing credit crunch is taking its toll. Read more
By Stella
Restaurants in Louisiana are suing makers of their point-of-sale systems after hackers stole tens of thousands of dollars by stealing credit card numbers. These restaurants maintain that companies who made and resold the systems should pay up on the fines put forth by payment processors after the hack. They have filed a class-action lawsuit alleging that their point-of-sale systems were out of compliance with the PCI DSS (Payment Card Industry Data Security Standards). Read more about the details regarding the damage and claims here. Read more
By Sean
By Stella
With all the hype regarding Twitter, it may be confusing to figure out whether using Twitter will ultimately effect your business’s bottom line. I recently came across this cool article which summarizes 15 key ways to use Twitter in your business, based on the book Twitterville by Shel Israel. Here are some examples: Read more