Almost a year after Visa Inc. altered the chargeback-resolution process, merchants are reaping some of the benefit. A survey of 500 Chargeback Gurus merchants found that 78% have fewer chargebacks under the Visa Claims Resolution program. “The first goal was to streamline the dispute process,” Suresh Dakshina, Chargeback Gurus president, …
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Is it a cash discount or a surcharge? Some merchant sales agents may now have a little more insight into the answer to that question. Some payments industry observers see no distinction between whether a fee is added or removed from a product’s final price to cover the cost of …
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Square Inc. introduced its Square Card for its merchants, a Mastercard-branded business prepaid card issued by Sutton Bank that makes funds in the seller’s Square account available instantly for purchases. Holders of the no-fee dual-interface card get a 2.75% discount when they make purchases at other Square sellers’ locations. Fit …
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PenFed Credit Union announced Tuesday it will begin issuing contactless Visa-branded credit and debit cards this month. The move comes after a decision by Chase, a unit of JPMorgan Chase & Co., to issue dual-interface cards that will be in force this year. The cards are called dual interface because …
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Discover Financial Services is on the verge of a major expansion of Discover, Diners Club, and Pulse acceptance across Europe and the Middle East following Friday’s announcement of a deal with a third-party provider. Riverwoods, Ill.-based Discover says it will work with 3C Payment, a Luxembourg-based payment service provider that …
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Square Inc. released a software development kit to enable merchants and developers to use Square for their payments processing in apps. Announced Wednesday, the SDK marks a first for Square and creates a single platform for transactions made by Square merchants that also sell in stores. The SDK is available …
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Fraud, acquisitions, and interchange dominated the top 10 list of news articles posted to DigitalTransactions.net in 2018. Starting with a $6.2 billion pact between Visa Inc. and Mastercard Inc., on one hand, and defendant banks, on the other, stemming from 13-year-old litigation over credit card interchange, to American Express Co.’s …
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Bits of Gold, said to be one of the largest cryptocurrency exchanges in Israel, has developed an application programming interface that allows merchants to accept cryptocurrency and receive value in the form of U.S. dollars or Israeli shekels. Cybersecurity news outlet The Hacker News said PayPal Holdings Inc. banned without explanation …
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In a lawsuit filed last week in federal court in Atlanta, mobile point-of-sale specialist AnywhereCommerce Inc. claims Ingenico Group SA interfered with its contracts and business relationships and violated its trade secrets. The case, filed Dec. 20 in the Northern District of Georgia Atlanta Division, alleges that Paris-based Ingenico and …
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Restaurants are a coveted merchant segment for many acquirers and independent sales organizations. So, knowing how payments are changing and the impact that might have on this merchant segment is critical. First off, in 2019, the prospect for more consumers carrying, and wanting to use, contactless credit and debit cards …
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