Clearent Blog for FIs

Offer the Best Merchant Service by Understanding the TIF

A few weeks ago, merchants received their April month end statements for their credit and debit card processing services. Some merchants saw the new Visa Transaction Integrity Fee (TIF) for the first time, which presents an opportunity for your financial institution’s merchant services program. If you want to provide the best merchant service, it is [...]

The Scoop on Mobile Payment Processing Solutions

When it comes to payment processing solutions, there’s no denying that the industry is keenly focused on mobile payments. Read any industry publication and that’s what you will see – how mobile is changing the face of credit card transaction processing. Mobile was also a hot topic at the ETA Annual Meeting & Expo in [...]

The Credit Card Processing Business Can Be Enchanting

Recently in Las Vegas, the Electronic Transactions Association (ETA) held it’s biggest show of the year – the 2012 Annual Meeting & Expo. Known as the most content rich show in the credit card processing business, keynote speaker Guy Kawasaki helped the event live up to its reputation. As the former chief evangelist of Apple and [...]

How to Leverage Credit Card Transaction Processing

Recently while at the Southeast Acquirers Association (SEAA) Annual Seminar in Dallas, I had the pleasure of listening to keynote speaker Pamela Joseph, who is the Vice Chairman of Payment Services for U.S. Bancorp. She spoke in detail about the aftershock of Durbin, and the impact it has had on large banks. U.S. Bank, like [...]

Is Your Merchant Services Pricing Toolbox Empty?

Our previous post discussed the challenges of pricing new merchant accounts, especially with the increased number of card association fees. Do you have the merchant pricing tools from your merchant services provider to help you cater to the different types of businesses in your market? When I talk to community bankers about their merchant account [...]

Pricing Your Credit Card Processing Service

Pricing new accounts for your financial institution’s merchant services program can be challenging, as I’m sure you know quite well. There are many variables that need to be taken into consideration, such as the size of the merchant and their average ticket. Now add to that other complexities like the Durbin Amendment and the upcoming [...]

IRS Eases 1099-K Rules for Credit Card Payment Processing

Have you heard the latest news about the 1099-K? Merchants everywhere are breathing a sigh of relief as the IRS recently eased its approach to the new Form 1099-K that details merchants’ credit card payment processing volume. Now before I get into the details, please know that I’m not a tax expert or a tax [...]

The Basics of Next Day Funding

Next day funding is a hot topic in merchant services these days, and Carrie Notheis recently described how you can use it to grow your financial institution’s merchant services program. Despite the growing interest in next day funding, merchant account providers often ask us questions about how it works. To appreciate the benefits of next [...]

Jump on the Social Media Bandwagon

In my last blog post about social media, I spoke to the importance of connecting with customers where they live, work and play – in social media channels. With the Nielsen Company reporting that 4 out of 5 active Internet users frequent social media sites and blogs and that nearly 40% of social media users [...]

Break Away From the Pack: Next Day Funding Merchant Accounts

Undoubtedly, one of the hottest products in merchant services right now is next day funding. This product can make a significant difference in a merchant’s cash flow, as it delivers the funds from the prior day’s processing activity the very next morning. Payment processors everywhere are using their programs to open doors, and are touting [...]