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New Figures Show How a Handful of Players Dominate the Acquiring Business
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Read More »Durbin Casts a Wary Eye on Rising Small-Ticket Debit Interchange
U.S. Sen. Richard Durbin on Tuesday said he is aware that new Visa and MasterCard interchange schedules will cause some merchants to pay much more in interchange when a consumer uses a debit card from a big bank to pay for small purchases. Durbin said the Federal Reserve Board should …
Read More »Trends & Tactics
Visa Gives a Push to Prepaid Cards If Visa Inc. could be personified as an illustrious 19th Century editor, he might be saying, “Go prepaid, young man.” The No. 1 payment card network’s interchange schedule effective Oct. 1, the day new federal debit card interchange price controls …
Read More »Strategies: Getting Beyond Square
By Jane Adler Rightly or wrongly, lots of investors are mesmerized by the high-profile startup Square. But it’s not the only newbie transforming the payments industry as venture-capital firms scramble to find the next big idea. Some startup companies get all the attention. The …
Read More »Merchants Zero in on Payments
By John Stewart and Jim Daly Having beaten the banks on debit card pricing, they’re now staking out positions on mobile payments and chip cards. This could be the start of the decade of the merchant in the business of consumer payments. Who controls consumer …
Read More »Applying the Durbin Maximum, Visa And MasterCard Could Squash Small Tickets
It’s back to the future, and in many cases higher merchant-acceptance costs for transactions at or under $15, with the bank card networks’ new debit card interchange schedules that will take effect Saturday. That’s the same date that regulated interchange pricing under the Durbin Amendment to the 2010 Dodd-Frank …
Read More »Seeking to Boost Conversions, card.io Pushes Card-Scanning for Smart Phones
n The San Francisco-based company, which is aiming its product at developers, in June released an iOS version for Apple Inc. devices. It says the software is now active on 80 applications, with another 750 having registered but not yet gone live. “Getting such a wide variety of apps …
Read More »Google, PayPal Present Competing Visions for Replacing Cards with Mobile Devices
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Read More »Private-Equity Player GTCR Swoops in to Snatch Fundtech from S1’s Grasp
In yet another twist in the ongoing corporate drama involving payments-software firms S1 Corp., Fundtech Ltd., and ACI Worldwide Inc., news emerged early on Thursday that Fundtech is spurning S1 in favor of what it views as a better offer from GTCR, a Chicago-based private-equity firm with a history of …
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