Digital Transactions Authoritative, insightful and timely information for payments professionals
As competitive pressure pushes processors and ISOs to find new sources for leads, research shows mainstream acquirers are becoming more and more active in both paid and organic search. By Marc Abbey, Chris Sanson, and Meryl Dann Though industry events such as the Durbin Amendment gave acquirer margins a …
Read More »Search Results for: durbin amendment
Citing Time Pressures, the ETA Asks Visa to Delay New Acquirer Fee
Accusing Visa Inc. of a “lack of regard” for its members, the Electronic Transactions Association merchant-acquiring trade group sent a letter to the card network March 7 asking that it delay implementation of a new fixed fee until acquirers have time to reprogram their back offices and make other adjustments. …
Read More »Pulse Pulsates with New Issuers As MoneyPass Adds POS Utility to Its ATM Network
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Read More »Trends & Tactics
A Look at Durbin’s Early Impact Things went pretty much according to script in the first three months of Durbin Amendment debit card price controls. Debit market leader Visa Inc. got dented while MasterCard Inc. picked up speed. Visa chairman and chief executive Joseph Saunders predicted that the slowdown Visa’s …
Read More »Acquiring: Who’s Paying for All Those Rewards?
Backers of mobile-payments programs are more than ever relying on merchants to foot the cost of rewards and offers. But for merchants to buy in, the rules of the game have to change. By Jane Adler As the mobile-payments business gets off the ground and card issuers look for new …
Read More »Cover Story: Don’t Fence Me in
Though aimed mainly at debit cards, the Durbin Amendment corrals prepaid cards in a number of ways, as well. Will the restrictions choke off growth in this thriving business? By Linda Punch When the Durbin Amendment passed, major financial institutions issuing prepaid cards thought they had dodged the proverbial bullet. …
Read More »Endpoint: Catering to the Whipsawed Consumer
It’s no wonder consumers are confused about debit cards these days, what with big banks discouraging use and merchants doing just the opposite. Influencing payments choices now calls for extra finesse, says Beth Robertson. Javelin data shows that 70% of consumers believe that recent debit card regulations will actually …
Read More »Visa to Launch New Acquirer Fee in April That Could Run up to Big Numbers
The bank card networks will introduce new fees for merchant acquirers in April, according to information obtained by Digital Transactions News. The most significant fee is Visa Inc.’s new Fixed Acquirer Network Fee (FANF), a key component of a revamped pricing strategy the No. 1 payment card network announced …
Read More »Now Taking EMV Cards at Some U.S. Stores, Wal-Mart Prods EFT Networks to Get in the Game
With both Visa Inc. and MasterCard Inc. now on the record with plans to encourage the adoption of EMV chip card and mobile payments in the U.S, it seems all but certain that the magnetic-stripe payment card’s days are numbered. In fact, Wal-Mart Stores Inc. already is seeing some EMV …
Read More »Opinion & Analysis: How the Merchants Could (Unintentionally) Help out the Banks
The Fed’s lenient implementation of the Durbin Amendment’s debit rules has provoked a lawsuit by merchants. They’re right to sue, but their action may hasten the amendment’s repeal. by Eric Grover Merchants filed a righteous suit in November against the Federal Reserve, contending it didn’t implement the letter or the …
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