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Transaction Trends Online |
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In the May Issue of Transaction Trends: 
- Navigating a New Economic Landscape
- Building a Compliance Safety Net
- Pro & Con: Alternative Payments
- And much more...
Visit the Transaction Trends Web Site
Advertise in Transaction Trends Need to reach the most powerful audience in the acquiring industry? Download our media kit and get started right away!
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In The Spotlight |
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ETAU Online: New Course Available Now |
ETA University's first-ever online course is now open for enrollment.
The course, Sales Channel Development, is presented in a multimedia format that includes testing. The course can be viewed at your own pace over a 90-day period and those who complete the course will receive a certificate from ETAU.
For full details or to enroll, click here . |
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Featured Stories
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Visa Small Business Report Yields Mixed Picture |
A new small business spending report released today by
Visa USA indicates that, while small businesses remain relatively bullish about
revenue growth, increasing expenditures on energy, healthcare and taxes are
pressing concerns for small business owners.
The report, titled “Visa Small Business Spend Insights,” will be
published quarterly and provides a comprehensive view of the U.S. small business climate by combining a poll
of U.S.
small businesses with the most current Visa spending data on small business
cards.
“More than most, small business owners are
susceptible to the effects of rising costs and fluctuations in the
economy. As such, they need to hedge
against spending increases and economic uncertainty by making smart IT
investment decisions and utilizing cash management tools such as payment
cards,” said Wayne Best, senior vice president, Business and Economic Analysis,
Visa USA.
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Read more...
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Discover Spinoff Gets Go Ahead |
The Morgan Stanley board of directors has approved plans to spin off the Discover Credit Card brand into a separate publicly-traded company. The spinoff will be effective June 30.
Morgan Stanley will distribute one share of Discover common stock for
every two shares of Morgan Stanley common stock outstanding on the
record date. Stockholders will receive cash in lieu of fractional
shares for amounts less than one full Discover share. The transaction will be a tax-free exchange.
Discover shares will trade on the New York Stock Exchange, beginning July 1.
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Court Upholds Preemption of State Gift Card Laws |
The U.S.Court of Appeals for the First Circuit has upheld the
authority of national banks and federal savings associations to use non-bank
third parties to market stored value gift cards issued by the institutions
without regard to state laws. According to court documents, federal banking
regulators “are entitled to regulate the terms and conditions of gift cards sold
by national banks and national thrifts” and that such regulations preempt New
Hampshire laws relating to expiration dates and administration fees. The case is
a clear victory for those who support pre-emption of state laws governing gift
cards and the payments industry broadly. Click Here to view
the entire text of the court’s decision. |
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FED Unveils Card Disclosure Changes |
Credit card issuers may have to disclose interest rates and fees in clearer, easier-to-understand language if the Federal Reserve adopts new consumer-protection rules unveiled May 23.
The proposed rules, which could be in effect by the end of the year, followed a 2 1/2 -year study. The changes would be most significant in 26 years. They come at a time when Congress is considering efforts to curb
aggressive marketing and pricing practices by retail lenders.
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Read more...
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Upcoming Events |
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Strategic Leadership &
Networking Forum
October 21-22, 2008
Chicago, IL Compliance Day November 5-6, 2008 Dallas, TX 2009 ETA Annual
Meeting & Expo
April 21-23, 2009 Las Vegas, NV |
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Tel: 202.828.2635