Entries by MainStream

[Press Release] TSYS Expands Processing Agreement with MainStream

COLUMBUS, Ga., Oct. 8, 2013 — TSYS (NYSE: TSS) announced today the signing of a contract extension with MainStream Merchant Services, Inc., of Alpharetta, Ga., to continue providing a full range of services to include authorization/capture and clearing/settlement, as well as bank identification number (BIN) sponsorship. MainStream Merchant Services has become a leader in payment […]

Ingenico Terminals – Powerful and Feature Rich

Lightweight, stylish and self-contained, the iCT220 will give your merchant customers the freedom to accept all types of electronic card payments without requiring a cash register or POS system interface. All iCT220 functions – from payment processing and receipt printing to settlement reporting and brand enhancement programs – operate flawlessly from a single piece of […]

1099-K Reporting Requirements

Beginning in January, 2012, payment settlement entities (PSEs) were required by the Housing Assistance Tax Act of 2008 to report on Form 1099-K all payments made in settlement of payment card transactions (e.g., credit card). Filing Deadlines & Procedures 1099-Ks were mailed to merchants by January 31, 2013. Electronically filed 1099-Ks are due to the IRS April 1, […]

New PCI Standard Released

The PCI Security Standards Council (PCI SSC) released version 2.0 of the Payment Card Industry (PCI) Data Security Standard (DSS) and the Payment Application (PA) DSS. Click here to visit the PCI DSS Standards Council Website