Posts Tagged ‘credit cards’

New Happenings in the Merchant Services World

Monday, April 16th, 2012
NPS1Posted by Erik Verryden, National Processing Solutions Inc.

The following post was written by Erik Verryden of National Processing Solutions Inc., PDRA’s partner for credit card processing services. In this post, he covers the following three topics:

  1. The impact of the Durbin Amendment on the processing cost of debit cards;
  2. The IRS’ watchful eye on your card processing activity; and
  3. The ease of signing up for an account with NPS

Impact of the Durbin Amendment

On Oct. 1, 2011, the government stepped into our industry for the first time after complaints of rising costs of debit cards. The government made the decision to lower the “cost” from .95% and .15 cents to .05% and .22 cents.

This was supposed to help small merchants right?  Wrong. (more…)

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PDRA’s New Credit Card Processing Plan

Wednesday, April 20th, 2011
NPS1Posted by: Diane Capuano

How confident is PDRA’s new credit card partner, National Processing Solutions Inc., that merchants will save money using the company’s credit card processing program? Erik Verryden, president and co-founder of NPS, makes this offer to PDRA members: “Sign up for the program. Present us with up to three months of your processing records with your previous vendor. If we don’t save you money, we will give you a $100 Visa Gift Card.”

National Processing Solutions is a full-service company based in Phoenix, Ariz., that provides innovative electronic payment solutions to businesses of all sizes. Clients typically enjoy a 30- to 70-percent savings off their credit card processing rates, but PDRA members will save even more as part of a Referral Partner Group. (more…)

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Vermont Leads Charge Against Credit Card Giants

Tuesday, June 22nd, 2010
creditcard copyPosted by Tamela Adamson-McMullen

Credit card companies have been under attack in recent weeks and months for the fees and rules they impose on retailers.

One of the latest to join the battle is Vermont. The Vermont Legislature recently approved a bill that would make it easier for merchants to give discounts to customers who pay by cash, check or debit card rather than by credit card. The bill initially passed the Senate with a vote of 30-0 on March 31, cleared the House 139-0 on April 29 and is heading to Gov. Jim Douglas for his signature.

If signed into law, the bill would allow Vermont retailers to set a minimum credit card purchase of up to $10 without interference from Visa and MasterCard, which currently bar minimum purchase amounts. Card companies would be prohibited from dictating how (more…)

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