Acquiring

A revised set of network fees from Visa Inc. could hit merchant aggregators hard when the revisions take effect next April, according to payments-industry sources. Depending on the size and number of aggregators’ sponsored merchants, the revisions could significantly boost actual fee payments as well as drive up programming and …

  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 …

Visa Inc. has tweaked its controversial fixed acquirer network fee (FANF), with the changes scheduled to take effect 12 months from now, according to sources who have seen the changes. A bulletin Visa released last week and circulated to acquirers indicates the modifications to the 2-year-old FANF are aimed chiefly …

With Microsoft Corp. no longer supporting its Windows XP operating system, companies marketing tablet-based point-of-sale gear and software are hoping to garner more business from small and mid-sized businesses looking to replace POS systems that use the outmoded OS. As expected, computing giant Microsoft ceased support for the 12-year-old XP …

  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 …

The Clearing House Payments Co. LLC, which last summer announced its effort to tokenize payment card numbers, is now mulling a related system that would similarly mask sensitive consumer information related to automated clearing house transactions, and may have a proposal ready by year’s end. “It’s something we’ve spent a …

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 …

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 …

The merchant-acquiring industry might soon get another publicly traded company should independent sales organization Mercury Payment Systems Inc. follow through on plans to sell a minority stake in the company. n Mercury Payment Systems Inc.’s operating subsidiary, Mercury Payment Systems LLC, currently is 62% owned by an affiliate of private-equity …

  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 …