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 …

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 …

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 …

Big hopes for broader real-time payments adoption in the United States could be fulfilled if ACI Worldwide Inc.’s prediction of 4.2 billion in real-time payment transactions by 2024 bears out. In its “Prime Time for Real-Time” report released Wednesday, ACI and research firm GlobalData Plc, forecast the U.S. real-time payment …

It seems there’s nothing hazy about the future of cloud-based POS. What’s driving the trend? Cloud computing is a part of daily life. Whether it’s banking online, making a P2P payment, streaming movies on a smart television, or sending an email (think Gmail), most software applications, data storage, and networking …

Eric Goldberg Vice President of Sales Traditionally retail was easy — install a payment terminal or PC POS system, connect to a common database, and you were ready to go. Things have changed. POS systems now need to tie in with other systems. These systems may be your cloud, e-commerce …

Newly analyzed data from Emarsys, a digital-marketing platform, shows that U.S. e-commerce spending continues to surge in the face of the Covid-19 pandemic, with at least a 57% growth in revenue and a 45% growth in orders in the past seven days. The U.S. Northeast region shows a 57% growth …