International Merchant Accounts

New Money Transfer service enters Ghanaian market

2007-08-01T13:38:00.000-05:00

A new money transfer service that caters for transfers from the US, enters the market on Wednesday with a package that organisers say is "an affordable way of remitting money to Ghanaians".Liberty Transfer International, a Chicago-based company, would be the first ever flat fee money transfer service in Ghana, Mr William Adjovu, an official of the company, told the Ghana News Agency in Accra on

Oceanic Bank Attributes Cost Efficiency To Prudence

2007-08-01T12:31:00.000-05:00

Oceanic Bank International Plc has attributed its cost efficiency to the managerial prudence of its management. The bank’s management in 2006 was lauded for its ability to drastically reduce its operating costs as against what obtains in the industry.With the bank’s recently released results, it is obvious it is poised to maintain its standing among the most cost efficient banks in the country

Germany Ready For More Business With Nigeria

2007-08-01T12:29:00.000-05:00

Regardless of European Union’s stance against Nigeria over its last election, the German government is ready to do more business with the country’s new government, which was inaugurated two months ago.The EU, although chaired by Germany, had expressed reservations over the conduct of the general elections.But to show its seriousness, the German Foreign Affairs Minister, Frank-Walter Steinmeier,

Bumper payout

2007-02-23T15:23:00.000-05:00

Shareholders of Bahrain-based Gulf International Bank (GIB) are to get a bumper payout of $127.8 million from last year's profits.The figure was approved as the bank ratified its consolidated accounts for last year at the 30th meeting of the general assembly yesterday.GIB previously announced a record profit of $255.5m last year, up $52.5m or 26 per cent from 2005.GIB chairman Shaikh Ibrahim bin

BOC Could Open Merchant Market for Remote Deposit Capture

2007-02-07T18:16:00.001-05:00

A new point-of-sale payment option that converts checks to electronic debits, available starting next month, will open the retailer market for remote deposit capture, a leading payments executive says. The new option, called back-office conversion (BOC), allows merchants to scan consumer checks in bulk and process them through the automated clearing house network rather than through image

Barbados economy drops slightly but still ranks high among the Americas

2007-02-06T19:39:00.000-05:00

The Barbadian economy has maintained its ranking among the top 30 countries in the annual Index of Economic Freedom, standing as the 28th freest economy in the world. With a slight drop from its 26th ranking last year, the small island economy of Barbados has been described by the joint publishers of the report, The Heritage Foundation and The Wall Street as 70.5 per cent free.The Index, released

European Commission says retail banking in many member states including Ireland is lacking genuine competition

2007-02-05T13:37:00.000-05:00

By Finfacts TeamA European Commission report has found that retail banking in many member states, including Ireland, is still lacking genuine competition.The Commission's final report of its competition inquiry into the retail banking sector, published today, shows that there are a number of competition issues in the markets for credit cards, payment systems and retail banking products.The report

Greenhill & Co. Reports Record Annual Revenue and Earnings; Dividend Increased to $0.25

2007-02-05T13:32:00.000-05:00

- Record annual total revenue, up 31% over 2005NEW YORK, Feb. 1 /PRNewswire-FirstCall/ -- Greenhill & Co., Inc. (NYSE: GHL) today reported record revenues of $290.6 million and record net income of $75.7 million for the year ended December 31, 2006. Diluted earnings per share were $2.55 per share for the year ended December 31, 2006.The Firm's 2006 revenues compare with revenues of $221.2 million

Breville Chooses Elastic Path Software over Hosted Ecommerce To Speed Execution

2007-01-16T18:12:00.000-05:00

VANCOUVER, British Columbia—January 14, 2006 – For Breville, a leader in innovative home appliances for sophisticated urbanites, having an ecommerce website that adapts rapidly and reinforces brand identity are critical. “We wanted to build a website that reflects our company’s commitment to style, innovation and design,” said Gerard Bernet-Millán, National Sales Manager, Gourmet Retailers at

Offshore Merchant Account for High Risk

2007-01-15T14:28:00.000-05:00

Business America works with several acquirers providing Offshore Merchant Accounts in Europe, the Caribbean, Canada, and Asia. Offshore Merchant Account set-up takes longer because V/MC regulations prohibit cross-border acquiring without a legal presence in the same jurisdiction as the underwriting bank. This means that in order to get an MID issued the merchant must form an offshore corporation

High Risk Merchant Account or Offshore Merchant Account?

2007-01-15T14:27:00.000-05:00

In some cases, the answer may be both. Business America works with multiple US Acquirers and Processors who can provide High Risk Merchant Accounts with domestic banks. Set-up in the US is usually quicker and less expensive in terms of high risk processing costs and reserves. Domestic High Risk Merchant Accounts tend to be more restrictive of sales volume and business types Business America's US

Why a High Risk Merchant Account?

2007-01-15T14:23:00.000-05:00

Certain business types are considered by the Visa MasterCard Associations to be "High Risk" for credit card processing. This means that acquiring banks are at a higher risk of financial loss when they underwrite these business types. In general, these merchants tend to generate high levels of chargebacks, and be more susceptible to fraud, insolvency, and, in some cases, criminal activity.In

E-commerce Update

2006-12-13T19:02:00.000-05:00

Skype Offers Unlimited Calling Plan Skype, EBay's (Quote) Internet phone service, today announced an unlimited calling plan for SkypeOut users. The new option comes as a year-long free period nears an end. Details of the flat-rate annual plan for calls within the U.S. and Canada include a $14.95 introductory rate until Jan. 31, 2007. After that, Skype unlimited calling

Now 40, MasterCard has really grown up

2006-12-12T14:42:00.000-05:00

PURCHASE, N.Y. -- Robert W. Selander was a Harvard University graduate student in the early 1970s when he began using his first credit card with a $200 spending limit. Credit cards were such novelties that he had a hard time using it much beyond the area of the issuing bank. "That

Central Banking

2006-12-11T20:38:00.000-05:00

Fed's Moskow: More rate hikes possible Fri, Dec 1 2006, 19:08 GMTCHICAGO (AFX) - The president of the Federal Reserve Bank of Chicago said Friday that recent price data "have been consistent with some easing in inflation," but he reiterated that additional interest rate hikes may yet be necessary to contain inflationary pressure. "The key is whether that (inflation) trend can be sustained and

Consequences of"forgetting' a loan in bankruptcy filing

2006-12-11T20:27:00.000-05:00

Consequences of 'forgetting' a loan in bankruptcy filing: Nothing. This is highly doubtful because all your creditors have to do is look at your credit report to determine if there are any additional creditors you did not list on your bankruptcy petition. But there are so many people in the system that not everyone can be checked, so it is a statistical possibility you can slip through the

Court ruling on Tobacco and Alcohol sales in Europe

2006-11-26T22:52:00.001-05:00

Court rules Europe's 'booze cruises' may continue LUXEMBOURG: European "booze cruises" were saved Thursday by a ruling of the European Union's highest court, but consumers in high-duty countries like Britain and Sweden had their hopes of buying less-expensive alcohol on the Internet dashed. The judgment came as a relief in nine EU countries with high excise duties, which had feared a potential

International Merchant Accounts

2006-11-23T15:15:00.001-05:00

High Risk Merchant Account By www.offshorehighriskmerchants.comReplica, Pharmacy, On-line gaming, Software download, ACH for International Merchants, Downloadable software, 3rd Party Accounts, Tobacco, and General E-commerce - domestic and international. Unlimited volume, NO Caps, Incorporation not required - direct accounts.Web:http://