Archive for March, 2009

iSwipe (Credit Cards) – Accept Credit Card Payments with iPhone

iswipeAn increasing number of third-party software applications are now run on different mobile phone devices. But there is no great prospect in any application that can benefit ecommerce merchants. In recent times an app, iSwipe is developed for the iPhone that allows business owners to accept credit card payments with their iPhones.

Through iSwipe you can easily accept and verify credit card payments. It really makes accepting credit cards fast, easy, and secure. This iPhone app works with the three most commonly used payment gateways including Paypal, Authorize.net and Cybersource.

Features:

  • Best surety of security with full SSL encryption and keychain password guard.
  • Shore up of full address verification support with ZIP, street, and CVV fraud detection.
  • Quick single-screen entrance makes processing credit cards a snap.
  • Credit card numbers are verified as entered.
  • Supports Authorize.net, PayPal Pro, and Cybersource payment gateways.
  • Supports approximately all major credit cards.

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Mortgage Fraud Increasing in USA

The amount of mortgage fraud reports amongst home loans made 2008 increased 26% from one year earlier. The statistics revealed on 17 March by the Mortgage Asset Research Institute. The raise came as lenders significantly tightened the standards, making the processes more complex for borrowers to qualify for their home loans without large down payments, solid credit with proof of their incomes. According to trade publication Inside Mortgage Finance, with credit far tighter, roughly $1.4 trillion in home loans were made 2008, down approximately a third from one year earlier.

The fraud report says the recession has increased pressure on shady mortgage lenders, brokers and borrowers to lie on home loan applications. One of its co-authors Jennifer Butts said “There’s a lot more desperation, with the economy being what it is”. The study showed that in 2008 over 60 of mortgage fraud cases stemmed from falsified
applications, whereas 28% came from tax proceeds or financial statements, and 22% came from appraisals.

The report said a special fast-growing scheme is coming from “foreclosure prevention specialists”. They advocate rescuing distressed borrowers, and at times tricking the borrower to sign over the deed to the home. However, recently several states make few toughened penalties for such scams, though just a few state attorneys general capable to seek criminal charges as well as jail time. The data collected in the 11th annual report gets from approximately 600 mortgage companies, small community banks, several mortgage insurers and few mortgage finance giants like Fannie Mae and Freddie Mac. The report does not say the actual amount of fraud cases nationally or by state.

United Airlines AMEX card offers additional bonuses

amexClients that get pleasure from traveling be able to allegedly benefit from a number of additional bonuses from the American Express United Airlines credit card, since it has in recent times been declared that the card is offering twice over frequent flyer miles. Buyers will be capable to twice the amount of air miles which they earn on the card, with two miles obtainable for each pound used up on the card for the initial six months of opening the account. Though, to meet the criteria borrowers will have to submit an application for the card previous to the end of April. By purchasing various travel services and goods from the United Airlines website customers will as well able to increase their points using this credit card. Points can also be gained when clients are flying with members of the Star Alliance, and this consists of companies such as US Airways and Singapore Airlines. Mileage points can be also earned on the cards in your favor against both air travel and upgrades on contributed airlines, and these are obtainable more than eight hundred destinations all over the world.

Moreover, the great news is that the credit card also includes twelve months’ worth of interest free credit on balance transfers, and three months’ worth of interest free credit on buys made on it.

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