Credit Cards

Visa Inc. and Mastercard Inc. have postponed their planned U.S. interchange revisions until July, but when these changes do take effect the net impact on merchants will be deep, according to an analysis released by CMSPi, an Atlanta-based global merchant payments consultancy. Indeed, the new pricing planned by the two …

Payments-software provider Repay Holdings Corp. said it has integrated with lending-software vendor TurnKey Lender Inc., allowing financial institutions to fund loans at any time of day and accept loan payments by card or via the automated clearing house network through TurnKey’s platform or through mobile apps or other channels available to consumers.Upgrade …

Jack Dorsey, co-founder and chief executive of merchant processor and business-software provider Square Inc., on Tuesday pledged $1 billion for Covid-19 relief, and Mastercard Inc. committed $250 million over five years to help small businesses hit hard by the economic slowdown caused by the highly infectious disease. Those two announcements …

The good news is that attempted and actual payments fraud declined last year. The bad news is it went down only a tick and remains very close to the all-time high, according to the latest report from the Association for Financial Professionals, a Bethesda, Md.-based trade group for companies across …

Visa Inc. reportedly denied a request to delay the Oct. 1 EMV liability shift for petroleum businesses, according to a ConvenienceStoreNews.com article, which says several fuel-retailing groups petitioned Visa for the delay. Visa, the Web site said, attributing it to NACS, an association for convenience store operators, is said to be monitoring the …

Losses from identity fraud grew 13% in 2019 to $16.9 billion even though instances of ID fraud fell nearly 10%, according to the newly released 2020 Identity Fraud Report from Javelin Strategy & Research. The study also found that person-to-person payments fraud increased 733% from 2016 to 2019. Based on …

Payments processor Global Payments Inc. reported it began to see a significant impact on its results in mid-March from the Covid-19 pandemic, and now expects first-quarter adjusted net revenue to be up “slightly” for the quarter year-over-year. Citing the unknown “duration and severity” of the pandemic on its business, Global Payments suspended …

Contactless payments already capture a big share of point-of-sale purchases in Canada, and that share is sure to grow with recent announcements by Visa Inc. and Mastercard Inc. that they are raising their contactless transaction limits to C$250 to limit the handling of cards that could spread the coronavirus, according …

The Covid-19 virus is taking a fearful toll not only on lives but also on U.S. commerce, and now even everyday staples are feeling the pinch. Grocery stores saw a sharp spike in card-based purchase volume in March as consumers scrambled to lay in supplies against the rapid spread of …

A decline in transactions at small and mid-size businesses accelerated through March as consumers react to shelter-at-home and social-distancing precautions, according to data from point-of-sale technology provider CardFlight Inc. But their spending shifted to e-commerce in many merchant categories, finds data from Signifyd, a vendor of e-commerce fraud solutions. Sales …