Pricing

Visa Inc. may be in the business of credit and debit cards, mobile wallets, tokenization, EMV chips and virtually anything involving electronic payments, but its latest financials tell the real story—it’s all about cash. On a day dominated by news of its pending $23 billion takeover of Visa Europe, Visa …

JPMorgan Chase & Co. on Monday unveiled its Chase Pay mobile wallet and said the product will begin rolling out in the middle of next year. Chase also said its new wallet will be accepted at merchants belonging to the Merchant Customer Exchange LLC, a retailer-controlled consortium that has been …

Now that merchant acquirers, and, by extension, merchants, are liable for certain kinds of fraud losses if the merchants aren’t prepared for EMV chip cards, acquirers are starting to put in place EMV non-compliance fees to cover their new risk exposure. One of the first to move on this is …

  With a mission to offer as many free, or cheap, money-exchange services as possible, Uphold, a virtual funds and commodity platform, on Wednesday launched the first of a four-phase effort to expand its reach among consumers, merchants, charitable organizations and software developers. Uphold, the new name of Bitreserve, an …

By John Stewart Just within the past year or so, tokenization has assumed a central role in digital payments, and in that business three major card networks are the dominant—indeed, only—players performing a crucial function known as the token service provider. But this new form of payment processing is moving …

ATM surcharges rose 4% to an average of $2.88 this year from $2.77 in 2014, while foreign fees increased 3.8% to $1.64 from last year’s $1.58, Bankrate Inc. found in its latest annual study of checking account fees. Together, the two fees total $4.52, another new record and up 3.9% …

By John Stewart While some startup transaction processors have capitalized lately on the idea of so-called free processing, at least one has now decided to backtrack on that concept. BitPay Inc., an Atlanta-based processor of Bitcoin transactions for merchants, announced Wednesday it is scrapping a plan it introduced only 14 …

When Dwolla Inc. in June eliminated its 25-cent transaction fee, it said it intended to make money by launching value-added services that would leverage the network technology it had created. On Wednesday, it launched the latest chapter in this plan with a white-label service that lets banks, businesses, and government …

A new update of a list detailing where public authorities have intervened in payment card merchant pricing and rules shows only one country, Malaysia, was added over the past year, but authorities took new regulatory measures in places on the predecessor list, particularly the European Union and the United States. …

By John Stewart PayPal Holdings Inc. and eBay Inc. went their separate ways just 45 days ago, but already the fallout from that split is beginning to make itself felt. EBay is telling sellers on its main online marketplaces that starting Sept. 27 it will stop supporting three electronic payment …