It looks like AMEX is agressively going after rogue merchants.  An article by E. Thomas Woods at the Nashville post explains just exactly how AMEX is going on the offensive

A family that runs three Italian-themed bistros in Nashville used a secret recipe of sorts to bilk American Express out of more than $1 million, the credit-card company claims.

American Express Travel Related Services Company filed suit last Wednesday against Michael D. Tangredi, his son Michael G. Tangredi and their company M. Tangredi Restaurants Inc., as well as related parties.

The M. Tangredi firm lists four restaurants on its company Web site: Tangredi’s Italian Kitchen on Elliston Place, T’s Bar and Grill on Belcourt where The Trace and Faison’s used to be, Michael T’s on Division St., and Bada Bing!, a casual Italian restaurant in Maui, Hawaii.

You thoughts?  Post below.

Credit Card Processing AMEX, credit card fraud, Merchant Account

I just read an interesting story on credit card processing for landlords.

Here is a snippit from the press release:

“The service is secure, fast, convenient and easy to use. ‘We started RentExpress after a considerable amount of research in to the industry, including the 2003 National Landlords Survey which found that, 86.6% of all Landlords claimed non payment of rent as their biggest concern’.

We also found that the payment options for Tenants was fragmented with options ranging from the most favourable being Automatic Payments through to cash and cheque. However, no one was offering a secure and convenient credit card payment option.

At RentExpress, Tenants can register their details for free, enter the property and landlord details and select the option of either making a one off payment or setting up a recurring payment schedule from their credit card. All of this can be done in a matter of minutes. RentExpress provides full reporting on all payments made and can be accessed securely 24 hours a day.”

An interesting development with a potential for a shift in credit card processing trends.

Credit Card Processing Credit Card Processing, Landlords, Merchant Account, Rent

Greetings everyone.  We launched this blog to discuss news and events related to the Merchant Account industry.  It is important to stay up to date with all credit card processing related activity.  We will examine all trends, new developments, and other Merchant Account topics of discussion that effect your client’s ability to accept credit cards.

Merchant Account Accept Credit Cards, Credit Card Processing, Merchant Account