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Court Sides with Merchants on Surcharge Ban; ACH Hot Streak Cools; Operator Adds USAT Cashless Tech
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Appellate Court Sides With Merchants Challenging California’s Credit Card Surcharge Ban
A group of California small businesses won a victory Wednesday when a three-judge panel of a federal appellate court upheld their challenge to California’s ban on credit card surcharges, but a key aspect of the ruling applies only to the merchants who sued the state. Still, the ruling represents at …
Read More »Pinpoint Intelligence Adds High-Risk Merchants and other Digital Transactions News briefs from 1/2/18
A startup called Prepaid2Cash announced the availability of its app for both iOS and Android. The app allows holders of network-branded prepaid cards to move money from the card to a bank account within three days. The service costs 7.5% plus $1.50. Payments provider Pinpoint Intelligence said it now serves …
Read More »COMMENTARY: Five Tips To Help Your Merchants Master Their Loyalty Programs
Swipe, confirm sale, and sign. Swipe, confirm sale, and sign. Checkout on a point-of-sale system is a routine engagement for today’s consumers, and as such, many businesses overlook the opportunities that a POS system can provide. As an advisor to these businesses, you can inform them that POS is no …
Read More »Mobile Wallets Team Up With Networks, Issuers, and Merchants for Consumer Attention
The holiday shopping season may be coming to a close, but mashups between mobile-wallet providers, merchants, payment card networks, and card issuers are likely to continue indefinitely as all groups seek more transaction volume from consumers. Apple Inc. has been active this holiday season. In one promotion, Apple is offering …
Read More »Looking to Bulk up in Small Merchants, TSYS Buys Cayan for $1.05 Billion in All-Cash Deal
The consolidation trend sweeping through the merchant-acquiring business made headlines again Monday morning with the news that Total System Services Inc. has agreed to buy Boston-based acquirer and technology provider Cayan LLC for approximately $1.05 billion in cash. The deal, which TSYS says it expects to close in the first …
Read More »Discover Could Be a Big Winner If Users And Merchants Embrace Apple Pay Cash for Purchases
Discover Financial Services could find itself in the catbird’s seat if Apple Inc.’s new Apple Pay Cash person-to-person payment service gains popularity as a way to pay merchants. In addition to its main P2P function, Apple Pay Cash is accepted at any merchant location that accepts Apple’s 3-year-old Apple Pay …
Read More »Amazon Opening Voice-Command Payments To Outside Developers and Merchants
Amazon.com Inc. is recruiting outside software developers and merchants to create functions that work with its Alexa voice-command system and the Amazon Pay service so that consumers can make purchases using their Amazon payment credentials at both physical and online merchants. Seattle-based Amazon made the announcement at its big Amazon …
Read More »Fraud Soars for Electronics Merchants; Cash Isn’t Dead Yet; Plus Weekly Recap
PayPal Services Coming to BigCommerce Merchants Via an App
E-commerce platform BigCommerce Pty Ltd. announced a new app for its client merchants that allows them to offer customers credit, access working capital, and glean marketing insights through PayPal Holdings Inc.’s services. BigCommerce clients using the service will be able to include a standalone PayPal Credit button on their e-commerce …
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