merchant

American Express has announced that it is going to buy Loyalty Partner, a company best known for the loyalty program it operates in Germany, Poland and India.

Visa has upgraded its Authorize.Net Developer Center, a resource for independent developers to create applications supporting electronic payments and related services for major payment networks including VisaNet. The Developer Center is based on Authorize.Net’s existing platform, which Visa acquired as part of the purchase of CyberSource earlier this year.

The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payments globally, announces the opening of the MRC Europe office in Madrid, Spain.

Led by Nicolas Vedrenne, MRC Managing Director for Europe, the Madrid office connects merchants, risk management solution providers, law enforcement officials and financial institutions with specific programmes that are dedicated to making e-Commerce more efficient, safe and profitable.

A merchant-led trade association focused on ecommerce and epayments around the world the Merchant Risk Council (MRC) announced the newly created European Advisory Board that will expand MRC’s ambition to make ecommerce more efficient, safe and profitable in the European merchant community.

The advisory board consists of the European industry leaders who are committed to spearheading networking, education, benchmarking and advocacy programs dedicated to making electronic commerce more efficient, safe and profitable. The MRC European Advisory Board consists of:

MasterCard Worldwide has introduced a number of enhancements to its Worldwide Network which are meant to allow partnering financial institutions and merchants to improve the shopping experience for cardholders; identify new business opportunities; and improve operational efficiencies.

A Filipino mobile operator Globe Telecom is partnering with BOKU via its wholly owned mobile commerce subsidiary G-Xchange (GXI) in a move to expand acceptance of the Globe GCASH service on an international level. Under the partnership BOKU platform becomes accessible to a large base of Globe’s GCASH subscribers.

The final few days of the Christmas season are the busiest and most profitable for online merchants. But they are also a time when cyber crooks are most active. Experts on combating online fraud offer some timely advice on how you can avoid becoming a victim - whether you're a merchant or a consumer.
These last few days of the Christmas season are deemed by many merchants as the most profitable online shopping days of the year.

Merchants, just like consumers, are displeased with the fees they have to pay to credit card companies. Retailers are pressing Congress to limit these fees. But banks and credit card companies are dead set against any such move.
The drop in revenue is bad enough for small strip malls, for example like the Hope's One Stop convenience store run by Carolyn Mooney and her son, but if the customer pays with plastic it hurts even more. That's because merchants pay a set fee plus a percentage on each sale.

 As recession presses many retailers to leave expensive trade outlets many mall owners and other landlords happily receive "pop-up," or temporary, stores who greatly benefit from the tough economic times. These stores - including Calendar Club, Hickory Farms and some Gucci sneaker shops, which are set up to close up – are welcomed by malls who prefer to have 2-3 month tenant rather than no one to fill voids left by the departures of Linens 'n Things, Circuit City and other retailers.

 According to the PayPal’s vice president of global product strategy Sam Shrauger’s announcement in PayPal blog, Bill Me Later is soon to be available at eBay being acquired by the auction corporation. Moreover, other merchant sites can access Bill Me Later through PayPal, beginning with a launch for a limited number of buyers and sellers in the US.