Consumer affinity for the cheapest gas prices birthed smart-phone app GasBuddy, and now the app has sired a way for consumers to actually make the payment at fill up. Boston-based GasBuddy recently announced its Pay with GasBuddy service, which connects a consumer’s checking account with a GasBuddy-issued card. After enrolling …
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Gasoline Marketers Underwhelmed by New Visa Interchange Rates
With complaints from fuel marketers reaching a crescendo, Visa Inc. introduced on Thursday a sweeping new credit and debit card interchange rate structure for gasoline that leaves sellers better off for many consumer credit card transactions over $30. In conjunction with the new rates, the card network also announced it …
Read More »Irked by Card Costs, Gasoline Exec Says It’s Time for Interchange Cap
A top official of a regional gasoline marketers' association who wrote a letter to Congress earlier this month calling for regulation of bank card interchange fees says he would like to see the federal government impose a cap on interchange. “They need to look at Australia [where banking regulators last …
Read More »A Gasoline Retailers’ Group Asks Congress for Interchange Relief
A top official for a trade association representing half of the gas-station operators in Colorado has written to Congress asking for regulation of credit card interchange fees. In a letter dated Aug. 15 and printed in today's online edition of the Rocky Mountain News, Roy A. Turner, executive vice president …
Read More »Why Banks Say Sellers Are Unlikely To Pass Savings From the CCCA on to Consumers
Despite some claims to the contrary, the odds are long that merchants would pass on any potential savings to consumers from the Credit Card Competition Act, payments experts say. One argument for this is that merchants price products on a line-item basis, which means the savings on a single product …
Read More »With a Lower Cost and a No-Chargebacks Promise for Merchants, Pay by Bank Emerges as a Fiserv Priority
Pay by bank is not a new electronic-payments concept—consumers have been paying utility bills with their bank accounts for years—but the promise of lower fees and reduced merchant headaches is energizing the service, and work is at hand developing new use cases. Witness Radial Inc., an e-commerce platform adopting Link …
Read More »Holiday Sales on Cards Are Off to a Healthy Start, the NRF Says
Holiday sales were robust in November, giving merchants reason to be optimistic about overall spending for the holiday shopping season, according to the National Retail Federation. Total retail sales in November, excluding automobiles and gasoline, rose 0.77% month-over-month on a seasonally adjusted basis, and 4.24% on an unadjusted basis year-over-year, …
Read More »Mastercard Celebrates Pay by Bank And Its ‘Multi-Rail Strategy’ As It Records Its ’22 Results
Mastercard Inc. has made some big news in recent months, but you wouldn’t know all of it from the company’s conference call early Thursday to discuss its fourth-quarter 2022 and full-year results. Mastercard celebrated recently concluded major deals that make the global payments company the exclusive provider of debit branding …
Read More »Empowering Merchants with Real-Time Payment Data
Merchants continue to pull every lever to generate additional revenue within an increasingly competitive landscape. For them, it is a matter of survival. And while numerous offerings promise equally innumerable benefits, there’s a hidden goldmine that can ensure the growth merchants are looking for: their payments data in real-time. > …
Read More »Mobile Fuel Service EzFill Adds a One-Time Payment Service
EzFill Holdings Inc.’s specialty is sending one of its mobile fuel trucks to a driver’s location, thus eliminating the hassle to the driver of having to get to a gas station to fill up the car or a fleet of vehicles. Now, EzFill has launched a new one-time payment service …
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