By John Robinson, of Cocard Synergy
They’ve nailed some of the ring that stole 45 million cards’ worth of information from TJX Companies. 11 people have been charged, and the ringleader, Albert Gonzalez, could get life in prison. Life.
And in addition to TJX, check out who else Albert’s gang targeted: BJ’s Wholesale Club, OfficeMax, [...]
I received a call from a reporter at US News an World Report two weeks ago. His name was Matt Bandyk, a business writer for the magazine. He had found me through my other blog straightpassthroug.biz and he had some questions about how businesses could lower their merchant account processing fees. We talked [...]
By John Robinson
I just came across something I’m sure you’ll all love: the potential for merchants as a group to negotiate interchange fees with the Visa and MC member banks! There’s a bill being looked at by the Judiciary Committee Antitrust Task Force called “U.S. House of Representatives bill 5546 [...]
House Democrat John Conyers of Michigan and Republican Chris Cannon of Utah have introduced the Credit Card Fair Fee Act that would regulate fees the credit-card industry charges to merchants. Here is a great article from the Wall Street Journal about this act and some other thoughts about the credit card processing industry:
Wall Street Journal [...]
