| Fifth Third Processing Solutions Earns Visa(R) Service Quality Award
CINCINNATI, June 18 /PRNewswire-FirstCall/ -- For the 12th consecutive year, Visa has awarded Fifth Third Processing Solutions one of its prestigious Visa Service Quality Performance Awards. Based on exceptional card operations performance demonstrated in calendar year 2006, Fifth Third earned top honors for Lowest Chargeback-to-Sales Ratio. The Lowest Chargeback-to-Sales Ratio category reflects an acquirer's ability to effectively educate its merchant customers on Visa's acceptance procedures designed to ensure that transactions are properly processed at the point of sale. Acquirers who educate and monitor their merchants help reduce unnecessary and costly chargebacks and improve performance in this important customer service area. "Given the challenges of the current economic and competitive landscape to the payment service industry, service quality is more important than ever," said Bruce McElhinney, executive vice president, Visa USA Client Services.
bellwetherreport.com: US Bancorp is Added to Watch List
Not quite a bank for the entire US, U.S. Bancorp operates nearly 2,500 locations, along with almost 5,000 branded ATMs in about 25 midwestern and western states. The bank holding company, one of the 10 largest in the country, owns U.S. Bank and other subsidiaries that provide consumer and commercial banking, as well as mortgage banking, wealth management, corporate payment services, equipment leasing, and insurance. Among other units, NOVA Information Systems is a leading processor of merchant credit card transactions in the US and Europe. FAF Advisors (formerly U.S. Bancorp Asset Management) changed its name in 2006 to emphasize its relationship with the First American family of mutual funds that it manages. Shares were down 0.47% Receives 'Outstanding' CRA Rating. BellwetherReport.com is a leading online research firm for international investors looking to get an edge over their portfolio.
Enter The Middleman
E-merchants have long taken advantage of the efficiency of services such as PayPal to help them turn casual surfers into shoppers. But by adding more than one online payment option to their Websites, companies can convert one-time visitors into repeat customers. This means doing a little bit of homework to get the right combination of payment methods that suit your business needs.
"If you're willing to do the research, finding online payment options isn't a technical task anymore," says Joe Thompson, 28, a computer software specialist. Thompson launched his online payment services company, Thompson Merchant Services Inc. (www.thompsonmerchant.com) in December 2002 after a short stint as an applications engineer at GO Software, (a company now owned by electronic payment technology giant VeriFone).
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