PayPal, the payments arm of online marketplace eBay Inc., has put out a call for more resellers, including independent sales organizations, acquirers, independent software vendors, and value-added resellers. PayPal, which has set up a dedicated Web page soliciting partners, says its ideal partners include “folks that share a similar …
Read More »With Government Cracking Down, ISOs And Acquirers Turn to Automated Merchant Vetting
Independent sales organizations and acquirers have long known the value of performing their due diligence when boarding new merchants. That’s become even more important as law enforcement turns to the payments industry to find merchants that run afoul of consumers and the law. That has put more pressure on …
Read More »In a Sudden About-Face, Wal-Mart Stops Gift Card Sales Through Gyft E-Card Service
Less than a month after electronic gift card provider Gyft announced it was selling Wal-Mart Stores Inc. gift cards, they no longer are available. According to a report on Coindesk.com, a digital-currency news site, Gyft stopped offering Wal-Mart gift cards on April 13. Gyft provides electronic gift card services for …
Read More »Mobile Commerce Efforts Vie for Acquirer Attention
Selling merchants solely on the price and availability of a diverse set of payment processing methods won’t be enough in the next year or so as merchants increasingly turn to those who can help them grow their businesses. That’s the message proponents of mobile marketing and advertising services are …
Read More »Leaf Adds a Merchant Services Provider Referral Marketplace
Tablet-based point-of-sale provider Leaf Holdings Inc. is providing a marketplace to help merchant service providers find merchants. Dubbed Payments Apps, the service provides a free listing with the payment company’s contact information and a description of up to 2,000 characters. Payment companies pay $10 per month per merchant if the …
Read More »With Abandonment Soaring, Equifax And Jumio Aim To Ease Mobile Commerce Pain
Consumer affinity for shopping on smart phones and tablets is unlikely to abate any time soon. And that poses a problem for retailers as they try to make the payment experience easier on mobile commerce sites and apps. It’s a problem that credit-reporting agency Equifax Inc. and payments-and-authentication-services provider …
Read More »ETA Seeks A More Visible Presence at Regional Acquirer Conferences
Payments industry professionals attending one of the four regional acquiring conferences can expect to see more from the Electronic Transactions Association at the events. n “This is a conscious effort on the part of the ETA to participate, support them, and engage in mutually beneficial activities,” Oxman tells Digital Transactions …
Read More »Using Payment Card Data, Index Brings Personalized Shopping to In-Store Customers
E-commerce retailers have a unique advantage over their brick-and-mortar counterparts. They typically know quite a bit about a shopper’s purchasing habits, and that helps them create personalized offers that bring back customers to spend more. Index, a San Francisco-based company, hopes to give large brick-and-mortar retailers a tool to enable …
Read More »New Law Enforcement Tactic Could Snare ISOs and Acquirers in Quest To Catch Bad Merchants
A historical shift in how some federal financial law-enforcement agencies view the payments industry is under way, and it’s not one that bodes well for the industry, Jason Oxman, chief executive of the Electronic Transactions Association, told attendees at the Southeast Acquirers Association conference this week in Atlanta. Dubbed …
Read More »Appellate Court Upholds the Fed’s Rule Implementing the Durbin Amendment
In an unsurprising ruling, a three-judge panel on the federal appeals court in Washington, D.C., upheld the Federal Reserve Board’s controversial rule implementing the Durbin Amendment’s debit card provisions in 2010’s Dodd-Frank Act. A federal district judge last July overturned the rule, saying the Fed hadn’t followed Congress’s intent. Judges …
Read More »