February 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Marketing, Point-of-sale, Transaction Processing
E-commerce platform WooCommerce said it is offering CBD-selling merchants new services for monitoring security issues, printing shipping labels, and automatic tax calculation.Acadia POS and merchant-services provider GCG Consulting Inc. said they handled nearly 50,000 transactions on 77 PAX Technology point-of-sale devices at the recent Waste Management Phoenix Open.Business-payments firm Biller Genie said its clients are …
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February 11, 2020
Acquiring, Competitive Strategies, Debit Cards, Issuing/Originating, Law and Regulation, Point-of-sale, Pricing, Transaction Processing
Federal Reserve Board chairman Jerome Powell is testifying before Congress this week, and mixed in with questions and answers about interest rates, economic growth, and employment could be queries about when the Fed is going to update its cap on the fees issuers can charge for debit card transactions. At …
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February 11, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Featured, Law and Regulation, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Mastercard Inc. is the latest U.S. payments company to take initial steps to operate in China with Tuesday’s announcement it will form a joint venture with NetsUnion Clearing Corp. to establish a domestic bank card clearing entity. The entity formed from the joint venture—Mastercard NUCC Information Technology (Beijing) Co. Ltd.—received …
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February 11, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Law and Regulation, Person-to-Person Payments, Point-of-sale, Pricing, Transaction Processing
The Retail Industry Leaders Association issued a statement calling on Congress to press Federal Reserve Board chairman Jerome Powell to “set a true rate” for debit card transactions that would reflect the intent of the Durbin Amendment to the Dodd-Frank Act. The amendment regulates debit card transaction pricing for large issuers. Powell is scheduled …
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February 10, 2020
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Transaction Processing
Buy-now-pay-later specialist Sezzle Inc. said it surpassed 1 million consumers using its online payment service. Launched in 2016, Sezzle said it had reached 500,000 customers only in August 2019. At the end of the fourth quarter, the company, with corporate headquarters in Australia, said more than 10,000 merchants offer its …
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February 7, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Marketing, Transaction Processing
A $57 million renovation at Clover Park in Port St. Lucie, Fla., the spring-training home of the New York Mets recently renamed from First Data Field, won’t be completed by Monday when pitchers and catchers report for preseason workouts, a local newspaper reported. St. Lucie County, which owns the stadium, now hopes …
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February 6, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Law and Regulation, Marketing, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
The hotly competitive arena of integrated payments has prompted PointOS, a hospitality software developer, to register as an independent sales organization to gain better control over payment services it offers. The company, which serves customers, announced its ISO registration this week and calls its service PointOS Payments. “We became an …
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February 6, 2020
Acquiring, ATMs, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Bitcoin ATM deployer Bitcoin Depot said its network now includes more than 500 machines worldwide, with more than 100 in the Atlanta area. The company projects it will have more than 1,000 Bitcoin ATMS by the end of 2020.Lael Brainard, a Federal Reserve Board governor, said in a Wednesday speech that the Fed, …
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February 5, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Australian financial regulators might intervene to stop banks from automatically routing contactless debit card payments to the Visa and Mastercard networks and instead give merchants the option of using the country’s EFTPOS network, Reuters reported.RevSpring Financial Services, a provider of collections-support services for health-care firms and other companies, debuted eVokePay, a payment …
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February 4, 2020
Acquiring, Competitive Strategies, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Six months after closing on its $22 billion acquisition of First Data Corp., Fiserv Inc. on Tuesday dropped some tantalizing hints about early benefits the deal has generated for the combined company. First Data’s Clover app-based platform for merchant checkouts, for example, saw its gross payment volume grow fully 40% …
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