Best Credit Cards for You!

The largest private lender, ICICI, has sold of its network of electric point of sales (PoS) terminals that accept credit and debit card payments to First Data Corporation (FDC).

The bank has hived of its network of over 1.5 lakh electronic swipe machines to a separate company, ICICI Merchant Services. First Data has acquired a stake of 81 percent in the company. The company has been valued at over $90 million.

When questioned, the bank declined to comment on the move. It has however, communicated to merchants having ICICI bank terminals that the PoS network has been transferred to ICICI Merchant Services.

“First Data, along with partner banks, is keen to proliferate payment transactions not just at top retailers but also through small cities or towns in India,” said Amrish Rau, country manager, First Data Corporation.

Full Post…

Tags: Card Payment, Terminal

Virtual credit card terminals are becoming increasingly popular as some small business owners are finding applications that allow real time processing of credit cards and debit transactions.  Anyone on the move, sales people or mobile executives who spend a lot of time traveling, will find this application a great addition to other credit card stations.  Processing credit card or debit transaction will only require Wi-Fi network access, and of course, the application itself.

iSwipe

Everyone’s heard about the sleek new iPhone and all of the wonderful applications or ‘apps’ that help to improve the overall usefulness and functionality of the device.  There is one app that is particularly useful to those who want to be able to accept credit cards on their phone … the iSwipe Credit Card Terminal allows you to accept credit card or debit payments on your iPhone or BlackBerry.  This is a great idea for the small business owner or for sales reps on the road or while at trade shows.  This application accepts any major credit card (American Express, VISA, MasterCard etc) as well as debit card transactions.  With the app and approved gateway you simply enter the customers credit card number and voilá, all done.  At appninjas.com they display a convincing short (30 sec) video of how easy it is to process a customer’s card.

The iSwipe app features an interface that you can customize with your company name and address on the terminal in order to instill customer confidence.  There is an electronic signature capture on the single screen entry for easy transactions.

Full Post…

Tags: App, Credit Card

From the Editor:  I am very pleased to share with you this guest post from Mr Credit Card of www.askmrcreditcard.com.  Mr.  Credit Card has a great, informative and extremely comprehensive website that covers a broad range of credit card topics-be sure to check it out.  Today, Mr Credit Card is going to give a few facts that many folks do not know about business credit cards.

From my experience, people get more confused about business credit cards than any other type of credit cards. So today, I would like to clarify some myths about them in this post. Let’s begin.

Only businesses can get business credit cards – This is simply not true. Yes, there are “corporate cards” that are only available for larger businesses. But typically any business or even an individual can get a “small business credit card“.

Full Post…

Tags: Credit, Credit Cards

Soon enough the new year will be upon us and you will be thinking about how to best manage your money for the next 12 months. For many, keeping things the same as always is the best plan. For others, making a few changes will be beneficial. One question you need to ask is: do I need a new credit card for the new year? This is not always a simple one to answer.

What type of credit card do you have right now? This is not a change that you make just because you are bored. If you have the right credit card(s) in place you may not need to make any changes right now. On the other hand, if you have been aching to get rid of your current card and add something better, the start of the year is a great time for doing so.

Whether or not you need a new credit card is based on many factors including what you currently have, as well as your past experiences.

Full Post…

Tags: New Year, Year

As federal loans are funded by the government that’s why interest rates are significantly lower than private student loans. Through FFELP program private lenders can offer the federal student loans, but in that program government regulate the interest rates and other features to ensure that borrowers are treated fairly and consistently.

Flexible Repayment Plans

The best thing about Federal Student Loans is that they do not come due for repayment until six months after you graduate of leave college while for private student loans its not like that.

This six months grace period allows you to get on your feet financially before repayment commences. How much you will payback and for how long that depends on repayment plan, which you will choose after being approved for the loan.

Full Post…

Tags: Federal Student, Loans, Student Loans