Merchant Credit Research Articles

A Ensemble Machine Learning Based System for Merchant Credit Risk Detection in Merchant Mcc Misuse

Although credit score models have been widely applied, one of the important variables-Merchant Category Code (MCC)-is sometimes misused. MCC misuse may cause errors in credit scoring systems. The present study aimed to develop and deploy an MCC misuse detection system with ensemble models, gives insights into the development process and compares different machine learning methods. XGBoost exhibited the best performance, with overall error, sensitivity, specificity, F_1 score, AUC and PRAUC of 0.1095, 0.7777, 0.9672, 0.8518, 0.9095 and 0.9090, respectively. MCC misuse by merchants can be predicted with satisfactory accuracy by using our ensemble-based detection system. The paper can thus not only suggest the MCC misuse cannot be overlooked but also help researchers and practitioners to apply new ensemble machine learning based detection system or similar problems.

CONSUMPTION BASKETS AND COST OF LIVING IN SOUTHERN LATE COLONIAL BRAZIL: RIO GRANDE, 1772-1823

ABSTRACTThis paper examines the cost of living and evolution of welfare ratios among urban workers in Rio Grande's vila, the main commercial enclave of the southern Portuguese dominions in America. From diverse sources (military and hospital expenditure accounts, merchant credit bills from probate inventories), we build different consumption baskets to calculate their cost in seven benchmark years: 1772, 1792, 1802, 1809, 1816, 1819 and 1823. The evolution of cost of living shows a consistent upward trend during the period, which, however, does not substantially affect welfare ratios. In order to build regional comparisons, we follow Allen's methodology (2001) to estimate welfare ratios of skilled and unskilled workers in Rio Grande, Buenos Aires and Montevideo. The results of using this approach could be useful to adjust the methodology for further international comparisons.

The Role of Merchant Credit Insurance in Processes Stimulating the Economic Security of Companies

У роботі здійснено спробу представити роль страхування торгових кредитів у процесах, що впливають на безпеку господарської діяльності компаній. У ході обговорення були представлені сфери та джерела ризиків, враховано їх загальний розподіл, а особлива увага приділена тим, які можуть бути покриті за договорами страхування, укладеними зі страховиками кредитів. Обговорено причини їх використання, враховуючи як специфіку ризику, так і переваги його захисту. У практичній частині представлено результати власних досліджень автора та зроблені висновки. Заключна частина роботи містить висновки щодо спроби оцінити економічну доцільність страхування торгових кредитів у діяльності окремих компаній з урахуванням зовнішніх ринкових умов, в яких вони працюють

Intelligent Agent Technologies: The Work Horse of ERP E-Commerce

Agents are the new defacto standard for inclusion in modules of today’s software systems such as ERP systems, mobile applications and operating systems. Agents are an integral part of today’s software design. The question is how do intelligent agents work in the specific area of ERP credit card processing e-commerce models? To answer this question, a specific area of ERP systems will be analyzed: credit card processing for merchants. One specific merchant credit card processor will be specifically investigated: EVO Merchants. This paper will research how exactly does ERP systems interact using Application Programing Interface or “API” specified by a credit card clearing house. Secure Socket Layers or SSL, and XML are discussed and elaborated on specifically how intelligent agents play such a pivotal role in ERP e-commerce systems for credit card processing.

Understanding the Merchant Credit Card Acceptance Fee Class Action Settlement Proposal

The seven-year legal battle between merchants that accept credit cards, on one side, and Visa, MasterCard, and the largest card-issuing banks, on the other, has entered a settlement phase. Unlike settlements in standard law suits where the parties can freely agree to any terms they choose, in a class action, the court must (1) provide class members with the opportunity to object and (2) determine that the compromise “is fair, reasonable, and adequate.” Although this part of the case promises to be no less controversial than its predecessors, it should move to resolution much more quickly. By the end of 2013, the trial court is likely to decide whether to grant final approval to the settlement.This paper briefly reviews the history of antitrust attacks on the fees that merchants pay to accept credit cards, including a detailed discussion of the allegations in the complaint in In re: Payment Card and Merchant Discount Antitrust Litigation. It then explains the complicated proposed settlement in this case, working through the provisions relating to (1) damages, (2) injunctive relief, and (3) the releases from future liability that the class members would provide to the defendants. Finally, this paper analyzes the settlement’s policy implications and legality, predicting that the court will not approve the b(2) mandatory injunctive relief class, but it may approve the b(3) opt out damages class. Whether that result would be acceptable to the parties on either side remains to be seen.

Mercantile Credit and Trading Rings in the Eighteenth Century

Merchant credit was the main source of profit for economic agents in the eighteenth-century. Managing cash, commercial instruments, and account books, Atlantic traders such as Gradis of Bordeaux—who dealt in colonial products (including indigo, sugar, and coffee) and exported staples (flour and wine) to Quebec—or Hollingsworth of Philadelphia (an important dealer in flour and colonial produce) achieved market domination through specialized credit networks integrating market exchange and both moral and social interactions. Since a Weberian or a Homo Oeconomicus view of these complex credit activities leads to anachronisms, this article eschews standard economic approaches in favor of more historicized views of early modern economic activity, credit networks, and profit-making techniques.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers, mainly in the Houston, Dallas and San Antonio metropolitan areas through its full service banking centers. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. Co. also facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2007, Co. had total assets of $4.54 billion and total deposits of $3.67 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers, mainly in the Houston, Dallas and San Antonio metropolitan areas through its full service banking centers. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. Co. also facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2007, Co. had total assets of $4.54 billion and total deposits of $3.67 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐to mid‐sized businesses and consumers, mainy in the Houston, Dallas and San Antonio metropolitan areas through its full service banking centers. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. Co. also facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2007, Co. had total assets of $4.54 billion and total deposits of $3.67 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers, mainy in the Houston, Dallas and San Antonio metropolitan areas through 45 banking offices of Sterling Bank. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. Co. also facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2006, Co. had total assets of $4.12 billion and total deposits of $3.33 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers primarily in the Houston, Dallas and San Antonio metropolitan areas through 45 banking offices of Sterling Bank. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. In addition, Co. facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2006, Co. had total assets of $4.12 billion and deposits of $3.34 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers primarily in the Houston, Dallas and San Antonio metropolitan areas through 45 banking offices of Sterling Bank. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. In addition, Co. facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2006, Co. had total assets of $4.12 billion and deposits of $3.34 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers primarily in the Houston, Dallas and San Antonio metropolitan areas through 45 banking offices of Sterling Bank. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. In addition, Co. facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2006, Co. had total assets of $4.10 billion and deposits of $3.30 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers primarily in the Houston, Dallas and San Antonio metropolitan areas through 40 banking offices of Sterling Bank. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. In addition, Co. facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2005, Co. had total assets of $3.73 billion and deposits of $2.84 billion.

Merchant Credit and the Informal Economy : Newfoundland, 1919-1929

Merchant credit systems and household production have usually been examined historically as two distinct entities which either bore no relationship to one another or else operated in opposition. This paper proposes instead that there has existed a somewhat unequal symbiosis between these two economic systems, not only in the early of settlement when labour was scarce, but also under conditions of abundant labour. It further suggests that merchant credit can fruitfully be regarded as the forerunner of state welfare systems insofar as both have provided the start-up capital for informal economies which, in their turn, then operate as an essential safety net for people living in marginal economies.

Artisans in a Merchant Town: St.John’s, Newfoundland, 1775-1816

Artisans who specialized in the production of consumer goods in St. John's during the American Revolutionary and Napoleonic eras became neither proletarians nor industrial capitalists as historiography suggests was the fate of others in the Anglo-American world. While limited proletarianization was important among carpenters, and merchant credit dominated artisans in maritime trades, some producers of consumer goods made the transition from artisan to merchant. Evidence drawn from court records, newspapers and government correspondence suggests that some St. John's artisans found greater opportunities in building on the accounting and trading skills they acquired from the retail and importing aspects of their trade rather than in manufacturing as such. Mercantile activity rather than manufacture offered the best chance for capital accumulation in an economy characterized by the resource and structural impediments of monostaple production.

First Oak Brook Bancshares, Inc.

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)First Oak Brook Bancshares is a holding company. Through its Oak Brook Bank (the Bank) subsidiary, Co. provides general retail and commercial banking, primarily in the Chicago Metropolitan area. The services offered include demand, savings and time deposits, corporate treasury management services, merchant credit card processing, commercial lending products such as commercial loans, construction loans, mortgages and letters of credit, and personal lending products such as residential mortgages, home equity lines and vehicle loans. The Bank operates an investment management and trust department as well as an investment sales division. At Dec 31 2004, Co. had total assets of $2.08 billion.

Sterling Bancshares, Inc. (TX)

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Sterling Bancshares is a bank holding company that provides commercial and retail banking to small‐ to mid‐sized businesses and consumers primarily in the Houston, Dallas and San Antonio metropolitan areas through 36 banking offices of Sterling Bank. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. In addition, Co. facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2004, Co. had total assets of $3.34 billion and deposits of $2.44 billion.

Washington Trust Bancorp, Inc.

AbstractCommercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Washington Trust Bancorp is a bank holding company, operating through its wholly owned subsidiary, The Washington Trust Company (the Bank). The Bank's market area includes Washington County and portions of Providence and Kent Counties in Rhode Island, as well as a part of New London County in Connecticut. The Bank provides a range of financial services, including: residential mortgages, commercial loans, commercial and consumer demand deposits, construction loans, consumer installment loans, home equity lines of credit, retirement accounts, merchant credit card services, cash management services, and trust and investment management services. At Dec 31 2004, Co. had assets of $2.31 billion.

Sterling Bancshares, Inc. (TX)

Mergent's Dividend AchieversVolume 3, Issue 2 p. 263-263 U.S. Company Reports Sterling Bancshares, Inc. (TX)† First published: 20 April 2006 https://doi.org/10.1002/div.4071 † Contact: : J. Downey Bridgwater — Chmn., Pres., C.E.O. Address: : 2550 North Loop West, Suite 600, Houston, TX 77092 Web Site: : AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Abstract Commercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110) Sterling Bancshares is a bank holding company that provides commercial and retail banking to small- to mid-sized businesses and consumers primarily in the Houston, Dallas and San Antonio metropolitan areas through 40 banking offices of Sterling Bank. Co.'s commercial and consumer banking services include demand, savings and time deposits; commercial, real estate and consumer loans; merchant credit card services; letters of credit; and cash and asset management services. In addition, Co. facilitates sales of brokerage, mutual fund, alternative financing and insurance products through third party vendors. As of Dec 31 2005, Co. had total assets of $3.73 billion and deposits of $2.84 billion. Volume3, Issue2Spring 2006Pages 263-263 RelatedInformation