Credit Card Merchant Accounts

Traverse Global Communications Corp is now an authorized private label reseller for Wells Fargo and Authorize.Net merchant account services to provide online real time e-commerce transactions.

By offering private label merchant accounts through it's Credit Plus (http://www.creditplus.net/) subsidiary, Traverse Global will be able to leverage the depth of quality services that their new partners offer to their existing client base. For just $29.95/mo, clients of Traverse Global will be able to process credit cards in real time through their own website and receive free web hosting along with a free shopping cart to conveniently process their orders.

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To Magedson's credit, people only know how hard he's worked to hide because they've tried just as hard to find him. He says they want to kill him. (They say they only want to serve him with lawsuits . . . although they're certainly not above posting information about him on the Internet while they're at it.)

But despite his efforts to live off the public-records grid, there's plenty you can know about Ed Magedson without even talking to him: the legal battles, the allegations of extortion, even his parents' death certificates and the paperwork from that old 1970s pot bust.

That's the Internet for you. And if Magedson is virtually anonymous in Maricopa County, where he's lived for almost two decades, he's famous on the Internet.

Before the Internet became ubiquitous, you could only humiliate someone if you had connections, if you could get the attention of a newspaper reporter or were willing to picket in front of an office.

Payment vendor woos e-retailers with promise of lower transaction fees

Online retailers consistently complain about the high fees they pay on credit card purchases, typically 2% for big e-retailers and considerably more for smaller ones. Start-up HomeATM ePayment Solutions says it has a way to reduce those fees significantly, although some payment experts are skeptical.

HomeATM has developed a small magnetic stripe reader with a personal identification number, or PIN, pad that can be plugged into a personal computer. That would enable a consumer to swipe his debit card and enter his PIN, just as he would at an ATM or at store checkout counter, sending the transaction through the debit networks that typically charge lower fees than credit card networks, according to Mitchell Cobrin, chief operating officer.

While PIN debit interchange varies with the network and type of merchant, it typically ranges from 40 cents to $2 per transaction, and in some cases is a flat fee, as opposed to a percentage of the purchase amount, as with credit card transactions.