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n At a conference call with analysts to discuss the No. 2 payment card network’s third-quarter earnings, MasterCard president and chief executive Ajay Banga said his company is offering select merchants and merchant acquirers incentives to direct debit card transactions MasterCard’s way. “We are in a completely different competitive …
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Trends & Tactics
The Concentrated World of ISOs Reps from more than 1,200 independent sales organizations pound Main Streets, malls, and strip shopping centers in search of merchants interested in payment-processing services. That number suggests a wide-open industry, but a new study of ISOs sheds light on just how few players …
Read More »Acquiring: The New Pricing Puzzle
By Lauri Giesen The Durbin Amendment will disrupt merchant acquirers’ long-standing pricing strategies, at least temporarily. How long will the profit-padding opportunities created by Durbin last? When retailers and their trade associations rallied in support of the Durbin Amendment to the Dodd-Frank Act last year, …
Read More »Components: ATMs for Modern Consumers
By Peter Lucas With transactions leveling off, independent ATM networks are gearing up to offer a host of new services aimed at the unbanked and the offers-obsessed. Increasing ATM transaction volume is a tall order these days. Growth in total transaction volume has slowed to …
Read More »The 10 Most Pressing Issues in E-Payments
What with the Durbin Amendment taking effect and serious moves in mobile payments, many observers had the feeling that the pace of change in e-payments quickened in 2011. But along with faster change come more problems. Herewith some of the most salient. By Jim Daly and John Stewart …
Read More »Transactors: Are Cards Ready for Their Closeup?
By Karen Epper Hoffman A technique that allows consumers to capture card information with PC or mobile-phone cameras could make for faster, more secure transactions. Is anything wrong with this picture? A picture may be worth a thousand words, but is a picture also the …
Read More »With Numbers up, Visa Execs Touch on Strategies to Keep Network Dominant
Confirming other findings that payment card usage is picking up in the U.S., Visa Inc.’s credit and debit card dollar volume rose 9% in the network’s fourth fiscal 2011 quarter ended Sept. 30 to $516 billion from $474 billion a year earlier. Payment transactions increased 7.3% to 10.5 billion. Visa’s …
Read More »USA Technologies’ Long-Time Boss Resigns Under a Cloud As Small-Ticket Threat Emerges
George R. Jensen Jr., founder and chief executive of USA Technologies Inc. (USAT), has resigned under a cloud, casting a pall of uncertainty over the provider of wireless payment hardware and networking services for vending machines just as new interchange schedules affecting small debit card transactions threaten to crimp …
Read More »Survey Reveals Small-Bank Jitters About Regulation, Fraud, Rapid Change
Many community bankers say their payment revenues are declining, and they are bracing for hits from higher expenses from complying with regulations and from fraud while at the same time trying to ramp up new services such as mobile payments. The findings come from the Independent Community Bankers of …
Read More »ATM ISOs Sue Visa And MasterCard over Surcharge Restrictions
A trade group of ATM independent sales organizations on Wednesday filed a proposed class-action lawsuit against Visa Inc. and MasterCard Inc. alleging that network rules illegally forbid them from imposing lower surcharges for ATM transactions that go over the rails of unaffiliated electronic funds transfer networks. Those anti-discrimination rules require …
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