News

January, 2017

• 9 January

  Supreme Court To Hear Free-Speech Argument Against New York’s Surcharge Ban

  

  By Jim Daly@DTPaymentNews For the second time in less than two months, a major payments case is coming before the Supreme Court. On Tuesday, lawyers for merchants and the state of New York will argue before the eight justices over whether the state’s ban on credit card surcharges constitutes illegal …
• 9 January

  First, the Binge, Then the Hangover. On Tuesday, ‘Chargeback Day’ Hits Merchants

  

  By John Stewart @DTPaymentNews Merchants are quite familiar with days like “Black Friday” and “Cyber Monday,” but now they’re waking up to a much less joyful day—“Chargeback Tuesday.” It’s the day when merchants, and online sellers in particular, get hit with the highest number of chargebacks they’ll see in a …
• 6 January

  The ETA Names 2017 Board Members and other Digital Transactions News briefs

  • The Electronic Transactions Association announced its 2017 board of directors and officers, including Jeff Sloan, CEO of merchant processor Global Payments Inc., as chairman and president. An Apple Inc. executive also is serving a two-year term on the board—Eric Hoffman, director of Internet software and services. • The Federal Trade Commission is challenging the public …
• 6 January

  Wal-Mart And Visa Come to Terms, Ending a Months-Long Ban on Visa at Canadian Stores

  

  One of the most intense battles yet seen over card-acceptance costs is over. Wal-Mart Stores Inc. announced late Thursday it has ended its ban on Visa Inc. cards at 19 Canadian stores as of Friday. “We have come to an agreement with Visa which allows us to continue offering Visa …
• 6 January

  Unique IDs, Easier Checkout, And Marketplaces Are the Top Payments Trends: Report

  

  Efforts to create unique identification markers for consumers across different merchants will be a challenge for many merchants this year, SIX Payment Services, the payment-processing arm of SIX, operator of Switzerland’s financial-market infrastructure, notes in a report released Wednesday. “Some payment-service providers are working on the idea of introducing a …
• 6 January

  As Credit Unions Adopt EMV, They Start To See Quick Gains in Fraud Reduction

  

  Credit unions are making fast progress in their rollout of EMV chip cards, according to an update from PSCU, a major payments processor for this segment of the financial-services industry. Some 85% of PSCU’s clients have introduced, or are introducing, EMV credit cards, while the corresponding number for EMV debit …
• 5 January

  Final Holiday Spending Tally Shows a 12% Increase in Desktop E-Commerce

  

  U.S. online retail spending through home and work desktop computers in the 2016 holiday season totaled $63.1 billion, up 12% from $56.4 billion in 2015, Internet metrics firm comScore Inc. reported Thursday. “The 2016 online holiday shopping season had another successful year, with desktop growth rates in line with our …
• 5 January

  EVO Buys Sterling Payment Technologies and other Digital Transactions News briefs

  • Merchant processor EVO Payments International has acquired payments-solutions specialist Sterling Payment Technologies. Paul Hunter, Sterling’s president and chief executive, will manage the Sterling unit within EVO. Terms of the deal were not announced. • An app called Clarity Money has debuted to help consumers manage their finances by performing such chores as negotiating bills, choosing …
• 5 January

  How the Chase Pay-LevelUp Partnership Could Boost Order-Ahead Tech for Mobile Apps

  

  When JPMorgan Chase & Co. decided to recruit order-ahead capability for its Chase Pay mobile wallet, it settled on a 6-year-old mobile payments startup whose technology could give Chase Pay a vital boost in a crucial merchant segment. Meanwhile, the alliance could also bring tens of millions of new customers …
• 5 January

  USA Technologies Lets Users Tap Apple Pay Data To Enroll in Its Loyalty Program

  

  Vending-payments specialist USA Technologies Inc. is integrating its MORE. loyalty platform into Apple Pay, the company announced Thursday. The deal is designed to induce more consumers to use Apple Pay at almost 300,000 vending machines that use USAT’s contactless payment technology and to encourage them to use the MORE. program. …