| 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.
Cap One Bids for Debit Card Share with an ACH-Based Card
(June 7, 2007) A new Capital One Financial Corp. MasterCard debit card that Cap One can market nationwide like a credit card has the potential to vault the financial-services company into the top ranks of debit card issuers and help MasterCard Worldwide swipe debit market share from Visa USA, the payments expert who this week released word of the product says. The rewards debit card, which McLean, Va.-based Cap One is cobranding with merchants, is not linked to any accounts held by Cap One or Hibernia Bank, a bank Cap One acquired two years ago. Instead, the financial-services company, which made its name as an innovative credit card marketer, will issue the card to consumers across the country and then debit their checking accounts through the automated clearing house. By severing the historical tie between debit cards and demand-deposit accounts, Cap One can market the card to virtually anyone with a checking account.
Payment Processing, Inc. Provides Liberty Computers with ...
NEWARK, Calif.--(BUSINESS WIRE)--Payment Processing, Incorporated (PPI), the industry leader for integrated payment solutions, today announced a partnership with Liberty Computers, a developer of dry cleaning point-of-sale software. With the new integrated solution, customers of Liberty Computers can process credit card transactions more quickly and easily, and with fewer manual entry errors than previously. "Liberty Computers has always focused on developing software that's simple for customers to use. In keeping with this tradition, the PPI solution gives our customers a single resource for everything needed to process credit cards," says Doug Walton, president of Liberty Computers. "A typical bank can't offer the same technical and administrative support for payment transactions as our customers now receive from PPI." PPI's solution provides a comprehensive payment processing system that includes all the critical products and services that define a successful integrated payment solution, including: - Feature-rich, dependable credit card processing technology so customer transactions are processed seamlessly and reliably - Free, unlimited 24/7/365 "Answer-the-Phone" technical and administrative support for developers and their customers to call regarding the payment solution - Better-than-Bank merchant account services "By offering everything from integration assistance to merchant account services, PPI is able to provide partners, such as Liberty Computers, with the ability to turn to one source for all aspects of support," says Chuck Riegel, executive vice president, software products and partnerships at PPI.
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