Published October 05, 2011
Merchant acquisition and relationship management in the US impeded by new laws
Merchant attrition risk key challenge of 1099-K and Durbin Amendment regulations for merchant acquirers.
IRS Form 1099-K was developed to ensure that small business owners who previously tried to run from declaring revenues they received via credit cards, debit cards, gift cards and services like Paypal will now need to do so. The regulation is a last minute addition to the Dodd-Frank Wall Street Refo...