In the Wake of Reporting Complaints, IRS Says It Will Delay Penalties, Withholding

Responding to complaints about problems in implementing a new federal law requiring acquirers to report merchants’ electronic payment transactions, the Internal Revenue Service announced on Wednesday it will delay penalty provisions and withholding requirements for a year, until Jan. 1, 2013. All acquirers still are required to file the 1099-K reporting form by year-end.

http://digitaltransactions.net/news/story/3254

Announcing the New Authorize.Net Mobile Application

Authorize.Net Mobile Application

Payment Gateway Standard Feature
Mobile Merchants

CIM Screenshots
The free Authorize.Net Mobile Application allows you to securely accept payments anywhere you want using an iPhone, iPod Touch or iPad. The mobile application is designed to help increase your sales by providing an easy way to accept payments on the go using your Authorize.Net Payment Gateway account.

The mobile app is ideal for anybody who sells products at outdoor markets and trade shows, or provides on-site services, such as repairmen, dog walkers or landscapers. The app is available as a free download