The Consumer Finance Protection Bureau is about to become very interested in your debt collection business. Whether you’re a payday lender, debt collection merchant or mortgage provider, there are changes coming in the near future, according to a recent news item titled CFPB Sets Timetable to Supervise Debt Collection, written by Kate Berry in the…
Category: Industry News
An Easy Solution to Offering High Risk Merchant Accounts
Back in November, we gushed in a blog post about why our referral partners and resellers should take advantage of our co-branded landing page. We gave several compelling reasons: Our revenue share setup speaks for itself: 60 and 70 percent It’s an easy gateway into offering high risk merchant accounts Searchers for high risk merchant…
3 Ways High Risk Payment Processing is Getting Harder
As a payment processor for high risk industries, Instabill is exhibiting at the 2016 CNP Expo (Booth #721) next week at the Loews Royal Pacific Resort in Orlando, and, to be frank, we’re expecting quite a bit of traffic to our booth. We’re not being pretentious by any means. We feel this way because high…
5 Reasons the Latin American Payments Market is So Appealing
If you’re in the payments industry, chances are you’ve either thought about or are attempting to make in-roads into the Latin American payments market. If not, you should be. Latin America (LATAM) is one of the last frontiers in the world of payments and (arguably) the region with the most potential. In the past, Instabill…
3 Takeaways From Google’s Ban on Payday Lender Ads
Google announced Wednesday that it is imposing a ban on payday lender ads and payday loan-related products from its advertising scheme as of July 13, 2016. Instabill has long offered merchant accounts for online payday lenders. It would be pretentious for us to say we saw this coming – we didn’t. Are we surprised? Not…
New FDA Rules on E-Cigarettes: What Will They Mean for Merchants?
For fear of “hooking a new generation on tobacco,” the U.S. Food and Drug Administration announced sweeping changes for the electronic cigarette industry on Thursday. The 499-page document detailing the FDA rules on e-cigarettes included reforms on age limits, manufacturing and ingredient details and significant more oversight by the FDA. E-cigarette merchant accounts have consistently…
MMJ, CBD and Collections: Our Takeaways From Transact 16
When Instabill exhibited at the Transact 16 convention and tradeshow last week, we took note of several recurring themes and popular discussion points when visitors dropped by our booth. Transact 16, held Apr. 19-21 at Mandalay Bay in Las Vegas, didn’t disappoint. Here are some of the more popular inquiries we faced: Q: Can Instabill…
3 Dangers High Risk Merchants Don't Think About
High risk, high return. It is the creed of high risk merchants and their payment processors who, more than ever, are facing scrutiny and review from entities such as the Consumer Finance Protection Bureau (CFPB) and Federal Trade Commission (FTC). It was well-discussed Tuesday in the session entitled ‘Art and Science: The Ever-More Difficult World of…
3 Reasons EMV Credit Cards are Not the Silver Bullet
Perhaps we’re dating ourselves by using the ‘silver bullet’ description in referencing the new EMV credit cards. For those not much into 1960s horror films, the ‘silver bullet’ theory describes the only way to kill a werewolf. In terms of the credit card payments industry, fraud is the werewolf, but the new EMV credit cards…
The Demise of Powa: Where it Went Wrong
There it was, so sadly appropriate. After reading the excellent article on the demise of Powa, once one of the most promising payments startups in the UK if not the world, by Rory Cellan-Jones on BBC.com, I went through my trade show materials collected over the last year. I wanted to see if any Powa representatives…