| Chase Paymentech Debuts Website for Small and Medium Businesses
DALLAS, Feb. 8 /PRNewswire/ -- Chase Paymentech Solutions, LLC, has launched a new website designed to help small and medium sized businesses affordably accept credit card payments. The new site, http://merchantaccount.chasepaymentech.com, provides business owners with a simple, easy to use guide to access the latest Chase Paymentech payment processing tools. The site allows businesses to research payment products that fit their needs and offers quick access to experts who can customize a program to each business' requirements. These programs feature reliable terminals, low interchange rates to process credit card transactions and even custom gift card programs. Solutions can be designed for merchants who need secure payment solutions over the Internet, point-of- sale, telephone, or mail order.
Southwest Airlines Selects Interceptas(TM) Fraud Prevention Solution ...
CHICAGO, Feb. 19 /PRNewswire/ -- Accertify, a Chicago-based provider of leading-edge fraud prevention solutions to online retailers, today announced that Southwest Airlines has selected its Interceptas solution to fight credit card fraud and ensure a high-quality experience for Customers. "Southwest is committed to running the best airline in the world and offering Customers the best overall travel experience," said Dodd Roberts, Director, Accounting Operations at Southwest Airlines. "Providing the best possible experience to the growing number of Customers who book online is a key part of that commitment." "We chose Accertify because its solution is the most comprehensive, flexible, efficient and easy to manage," Roberts said. "Interceptas will enhance our fraud prevention capabilities, help Southwest maintain a low cost structure and ensure a superior overall experience for Customers purchasing on southwest.com." Interceptas is the first end-to-end solution that addresses the entire business process of combating fraud from the perspective of the online travel merchant.
Ex-library official files suit
The former finance director of Sacramento's Public Library filed suit this week, saying he was wrongfully fired from that position after raising concerns about $650,000 in payments to a library staffer's company. Former finance director Anil Paul also alleges he was fired for refusing to approve directors' taxpayer-funded credit card expenses, including one official's $293 meal at The Palm restaurant in Boston and a $202 spa treatment in Orlando, according to the lawsuit and library documents. "I was concerned about my (accounting) license," said Paul, 59, who lives in Walnut Creek and earned $180,000 annually from the library. "I should not allow anyone to jeopardize my livelihood." .
Opening day speeches
He was born on New Year's Day, at Valley View Hospital in Glenwood Springs. He weighed in at 6 pounds and measured 18½ inches long. Wyatt showed up four weeks ahead of schedule. His parents live in Colorado Springs, but they spent the holidays on the Western Slope. Wyatt's mother began having contractions during a New Year's Day service at the Rocky Mountain Baptist Church in Rifle, where her father-in-law is a pastor. I think Wyatt was just in a hurry to make good on his father's wish – that he become a NASCAR driver (His dad wanted to name him Dale, as in Earnhardt, but he lost that argument.) Wyatt's father, James, is an Army mechanic at Fort Carson. He served two tours of duty in Iraq, where he drove a tank with the 3rd Armored Cavalry Regiment. Wyatt's mother, Alicea, directed an after-school program and takes care of their three daughters.
Visa expects to raise up to $18.76 billion in public offering
NEW YORK (AP) — Visa said Monday it could raise almost $19 billion from an initial public offering, which would easily become the largest IPO in U.S. history. San Francisco-based Visa Inc. said in a Securities and Exchange Commission filing it will offer 406 million shares at $37 to $42 per share. There will be an option for its underwriters to buy an extra 40.6 million shares to cover any excess demand. The filing also showed rival credit card companies MasterCard Inc. and American Express Co. trailing Visa in transactions in 2006. The Visa IPO, even at midpoint price, would surpass the $10.6 billion AT&T Wireless raised in 2000. It would be almost as big as the two largest past deals combined — AT&T's offering and Kraft Foods' $8.7 billion offer in 2001. Visa would follow Mastercard from being a privately held interest to a publicly traded company.
Manager fears housing will worsen by default
Horton recently reported a 52 percent drop in sales, and 44 percent of the sales that were arranged ended up being canceled.
Meanwhile, the Fed's Senior Loan Survey shows that 53 percent of U.S. banks tightened standards on prime mortgages, those to people with the best credit histories. For sketchier borrowers, it's 85 percent.
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gmarksjarvis@tribune.com .
Shopping surge can’t salvage slow-growing holiday sales season
Target Corp., Macy's Inc. and Lowe's Cos. fell Wednesday in New York trading after a weekend shopping surge failed to salvage the slowest-growing holiday sales season in five years.Sales at stores open more than 12 months rose 2.8 percent last week from a year earlier, the International Council of Shopping Centers and UBS Securities LLC said in a joint statement today. The results prompted the group to lower its forecast for November and December sales growth to “a tad below" the 2.5 percent it was predicting.Shoppers making last-minute purchases pushed sales up almost 20 percent over the weekend, according to Chicago-based ShopperTrak RCT Corp. Consumers burdened by higher gasoline and food prices and a deepening housing slump held off on buying gifts for much of December as they awaited steeper discounts, sending sales lower for four straight weeks, ShopperTrak said.“This consumer is spent out," Howard Davidowitz, chairman of Davidowitz & Associates, said in a Bloomberg Television interview.
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