| Pipeline Data Renews Agreement with First Data
QUINCY, Mass.--(BUSINESS WIRE)--Pipeline Data Inc. (OTCBB:PPDA), a valued-added provider of merchant payment processing services and other related software products, announced today that is has renewed its merchant processing agreement with CTS Holdings, LLC, a subsidiary of First Data Corp. (NYSE: FDC). First Data will continue to provide comprehensive card processing services to Pipeline's merchant account base. "We are very pleased to continue our successful partnership with First Data," said Pipeline's chief executive officer, MacAllister Smith. "As an acknowledged leader in the card processing industry, First Data provides the advanced technology and dedicated service that helps us meet the needs of our merchants." "We look forward to extending our relationship with Pipeline Data through the continued inclusion of First Data card processing in its integrated suite of merchant services," said Rick Learch, senior vice president, First Data Commercial Services.
Newtek Inks Merchant Acquiring Pact With Discover Financial ...
6/25/2007 3:48:12 PM Newtek Business Services, Inc. (NEWT) on Monday said that its electronic payment processing division, under the Newtek brand, signed a merchant acquiring agreement with Discover Financial Services, a business unit of Morgan Stanley (MS). The company stated that the agreement would allow Newtek Electronic Payment Processing to offer an integrated payment card processing package that includes Discover Network card acceptance to all of its customers.
Under the terms of the agreement, Newtek Electronic Payment Processing would offer small to mid-sized businesses the convenience of consolidated statements, combined settlement, and customer service. Newtek Electronic Payment Processing would have full responsibility for pricing, processing, settlement, risk management and customer service for the customer accounts.
Watchdog stresses on self-regulation by mutual funds
Indian mutual funds do not entirely deserve the self-praise they have been indulging in and must look at other options to grow than rely on inflows from companies, the markets watchdog chief said on Wednesday. "The mutual fund industry seems to be prematurely patting itself on the back," M Damodaran, chairperson of the Securities and Exchange Board of India (SEBI), said at a seminar organised by the Confederation of Indian Industry (CII) in Mumbai. "The question is: Who has made what sort of growth? The numbers provoke more questions than provide answers," Damodaran said, adding that large investments by corporate houses in mutual funds could generate conflict of interest. On the issue of self-regulation in the industry, Damodaran said the Association of Mutual Funds in India (Asmfi) had been resisting attempts to become such an organisation.
|
