| Traverse Global Communications Corp Announces Partnership with Wells ...
Traverse Global Communications Corp is now an authorized private label reseller for Wells Fargo and Authorize.Net merchant account services to provide online real time e-commerce transactions. (PRWEB) October 11, 2005 -- Traverse Global Communications Corp has agreed to exclusively offer Wells Fargo merchant accounts and Authorize.Net transaction processing services to it's client base. By offering private label merchant accounts through it's Credit Plus (http://www.creditplus.net/) subsidiary, Traverse Global will be able to leverage the depth of quality services that their new partners offer to their existing client base. For just $29.95/mo, clients of Traverse Global will be able to process credit cards in real time through their own website and receive free web hosting along with a free shopping cart to conveniently process their orders.
Connected: Credit card receipts can leave a paper trail
On a recent business trip to Albany, my associate and I decided to go to a restaurant to relax after a hard day. After our meal, I paid with my credit card, and in the usual manner, the waiter returned two copies of the receipt -- one for me as a record and one for the restaurant -- which needed to be signed. I signed the receipt and, despite my associate's request to leave the restaurant, stayed until I could find an appropriate person to whom I could hand the restaurant's copy of the charge slip. Unlike most restaurants, this local establishment was still printing the full credit card number on the receipt, so I refused to leave it on our table for the next person to view -- and perhaps steal my credit card number. It's not a new concern to me. I've refused to leave behind my charge receipts for years -- perhaps before most people even realized it was a threat.
Cards: Opportunities Abound In Crowded Payments Field
In the course of a decade, card-based payments have doubled in volume to account for 28 percent of all consumer payments. It's nearly half of the payments pie when excluding the amount spent on auto loans, mortgages and other debt vehicles unsuitable for cards. Credit or debit card use at the point of sale represents 56 percent of all purchases, interchange now accounts for 19 percent of issuers' revenues, and the number of card-accepting merchants now tops 6.1 million. It's obvious that consumers are comfortable swiping cards for groceries, utility bills, morning coffee and hamburgers. But as Celent notes in a new report on payment trends, cards are not close to conquering cash and checks: cards' growth market is $4.5 trillion. Much of that growth is going to be fueled by evolving trends in consumer behavior, added merchant choices and technology, as bank issuers seek innovative ways of building and retaining card customers whose average cost of acquisition is between $50 and $300.
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