Starting in 2012 banks have to report credit card income on 1099s for receipts in 2011. There was a 28% withholding requirement on inomce (backup withholding) if the bank didn’t get a valid taxpayer ID. Now that will be put off until 2013. Here is an article on it:
http://www.accountingtoday.com/news/IRS-Postpones-Credit-Card-Withholding-Requirements-60665-1.html
This gives businesses a year to get it right before the backup withholding starts.