Category Archives: Credit Card Processing

PayPal's New Reserves

By HelcimBlog | Published: September 3, 2009
With bankruptcies on the rise this year, many processors and third party aggregators are looking for ways to manage risks. John Tozzi of Business Week reported that PayPal started implementing reserves of up to 20% on some of its merchants, for a period of up to 60 days. However, there have been reports of reserves [...]
Posted in Credit Card Processing | Tagged , , , , , | Leave a comment

Visa and MasterCard Processing Statistics

By HelcimBlog | Published: July 30, 2009
With the latest financial results being releases by Visa and MasterCard today, we decided to crunch some numbers. Why? Simply because these numbers are fun and interesting to us! Number of credit cards with the Visa brand on them: 1.7 billion Number of credit cards with the Mastercard brand: 959 million Number of transactions processed by [...]
Posted in Credit Card Processing | Tagged , , , , , , , , , | 1 Comment

The End of Interac Debit?

By HelcimBlog | Published: March 25, 2009
Jacqueline Chilton at Glenbrook has written a great article reporting on how Visa and MasterCard are trying to take over the Interac Debit network in hopes of converting it to their own system. As can be expected, the Retail Council of Canada is fighting back and lobbying the Canadian government in hopes to stop any [...]
Posted in Credit Card Processing | Tagged , , , , , , | 4 Comments