We at New York City Merchant Services are once again celebrating the success of a client. Main Street Health and Vitamins in Lexington, KY received some press coverage about their recent growth. Our Merchant Cash Advance program financed a brilliant advertising campaign created by the store's owner, Gloria McKnight. McKnight ran a newspaper ad, titled "I'm 62 and Stronger Than You." which has lead to an astounding 100% increase in revenue. Great work Gloria. We're proud to have helped you do it!

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A lot of merchants have asked us over the past few weeks if electronic payment interchange fees are lower now since the Wall Street Reform and Consumer Protection Act passed in July, 2010. The short answer to that is 'No'. The Act states that the new government regulatory authority that oversees the payment industry must determine fair and reasonable rates on electronic debit transactions within 9 months of the Act passing.

The Act specifies debit cards several times. We've concluded that any...
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