The bursting of the credit bubble in late 2008 left many industries reeling. Reduced lending andstricter access to credit led to a reduction in spending by both businesses and consumers. Add to that increased government influence in the sector and highly publicized data security breaches, and the merchant processing industry faces a perfect storm of challenges.Several leaders in the electronic transactions business sat down at the 2009 ETA Conference to talk about these challenges and offer some advice and recommendations to companies trying to navigate the storm. That discussion, moderated by First Data’s Michael Hursta, follows.
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