Even though mobile wallets appear to be the better bet, card consolidators Coin, Swyp, and Stratos are sticking to their plans. Thumbing through a wallet trying to find the right payment card or loyalty card to rack up points at the cash register is an age-old experience for many …

From leases lopsided in acquirers’ favor to a bevy of bogus fees, dodgy ISOs, sponsoring banks, processors, and leasing companies are exacting a moral as well as monetary cost on the industry. Here’s what’s going on—and how to clean it up once and for all. Picture this. You’re at a …

This young demographic is shaking up payments. Capturing their business requires new tools, new approaches, and, above all, open-mindedness. My 80-year-old mother doesn’t have an ATM card, but I don’t think my 4-year-old grandson will ever have a checkbook. Hard cash’s days are numbered. The payments industry is in the …

    Farhaan Mohideen – Strategist, Mobility and Secure Payment Solutions Intel in Payments Merchants and service providers have to put in far more focus on the experience itself to differentiate their services. The ultimate goal has been to make the experience as invisible, as simple and as seamless as …

U.S. merchants and their trade groups have been less than thrilled with how the banks and card networks have managed the EMV rollout, and on Tuesday they got in one last blast before the liability shift occurs two days from now. n In the conference call, Mallory Duncan, senior vice …

By John Stewart At least some consumers in Columbus, Ohio, are using the Merchant Customer Exchange’s CurrentC mobile-payments app, but with little or no advertising so far finding a store cashier who knows about the app and how it works is a hit-or-miss proposition. That’s the finding of a CurrentC …

The Oct. 1 onset of the EMV-inspired liability shift for fraudulent transactions represents a potential financial impact for retailers, and now with that date only days away, many of them have become eager to get their hands on EMV point-of-sale terminals. Merchants could be on the hook for fees related …

Managing the integration of EMV payment acceptance into point-of-system software can be replete with nuances unfamiliar to many developers. That’s where a product announced Tuesday by two payments companies working jointly could assist. Seattle-based independent sales organization Gravity Payments Inc. has teamed with Creditcall Ltd., a United Kingdom-based transaction gateway …

Payment processor First Data Corp. has acquired Spree Commerce, a provider of open-source software for 45,000 e-commerce storefronts. The addition of Bethesda, Md.-based Spree could bolster First Data as it competes with processors and tech providers for more business in the fast-growing world of online retailing. “Spree is at the …

Merchants contend with fraud all the time, but the 2015 edition of the LexisNexis True Cost of Fraud study has found that their fraud costs are tallying 1.32% of revenue in 2015, a whopping 94% increase from the 0.68% rate in 2014. All categories of merchants in the LexisNexis Risk …