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For two years, Google Inc. and Verizon Wireless have been at odds, with Verizon blocking the online search giant’s access to SIM cards on Verizon devices for Google Wallet. But on Thursday Google released a new version of its Android mobile operating system that not only slices through that Gordian …
Read More »Search Results for: pay by bank
Visa, MasterCard Post Big Volume Gains As They Fight for Credit, Debit Card Spend
U.S. bank card purchase volumes rose in the 10% range in the quarter ending Sept. 30, with MasterCard Inc. growing faster than Visa Inc. in debit and Visa gaining faster than MasterCard in credit. MasterCard on Thursday reported total U.S. credit, charge, and debit card purchase volume of $267 billion, …
Read More »An Open Letter: Let’s Put a Stop to Criminal Practices in Our Industry—Now!
(An Open Letter to the Electronic Payments Industry) n On October 16, 2013, I delivered a keynote address to the Strategic Leadership Forum of the Electronic Transactions Association (ETA) on my views of the evolution of the payments industry. At the beginning of this address, I told the audience that …
Read More »The ETA Responds to Heartland’s Bob Carr
In his Oct. 23, 2013, letter to the payments industry (“An Open Letter to the Electronic Payments Industry from Bob Carr”), the chairman and CEO of Heartland Payment Systems provides a compelling historical overview of the challenges faced by our industry some three decades ago. As detailed in his letter, …
Read More »As April Deadline Looms, ATM Experts Fret About Upgrade from Windows XP
Will the world end for ATM owners on April 8? Not likely, but it could become less secure. That is the day Microsoft Corp. ends all support—including security updates—for Windows XP, a common operating system not only for PCs but also for ATMs. That has the ATM industry pondering a …
Read More »Split Bread Takes Home the Bacon by Banning Cash And Using QR Codes
With interchange costs ravaging their balance sheets, most merchants will tell you they’d far rather take cash than cards. Not Split Bread. In fact, the San Francisco sandwich shop doesn’t just discourage cash, it plain won’t accept it. Cards only, please. “Cash is expensive,” David Sliverglide, chief executive of Split …
Read More »Citing Shady ISO Practices, Heartland’s Carr Predicts Further Crackdowns by the FTC
Merchant processors can expect federal regulators to continue cracking down on their industry, Robert O. Carr, chief executive of Heartland Payment Systems Inc., predicted in a speech Wednesday at an acquiring-industry conference. The reason for stepped-up federal oversight, Carr said, is that independent sales organizations haven’t policed themselves effectively. He …
Read More »Clover Looks to App Market, First Data’s Backing to Set It Apart in Crowded Tablet Field
Clover Network Inc., which on Wednesday burst into a crowded market for tablet-based point-of-sale systems, is betting that merchants would like to choose their apps for customer service and checkout in the same way they can load apps on their smart phones. With the new Clover Station, merchants can download …
Read More »New York Case Raises Questions About the Future of States’ Bans on Credit Card Surcharges
By Jim Daly An injunction that puts New York State’s ban on merchants’ credit card surcharges on hold could be a prelude to a bigger legal assault on states’ surcharge restrictions. If pro-surcharging merchants prevail, their actions could add some oomph to a provision in the pending settlement of unrelated …
Read More »A More Inclusive American Express Paints Its Serve Prepaid Card Program Blue
Taking a cue from its Bluebird prepaid card for customers of Wal-Mart Stores Inc., American Express Co. today relaunched its Serve prepaid card with new features, more reload locations, and new retailer partners along with no reload fees at 14,000 7-Eleven and CVS/pharmacy locations, and a $1 monthly fee that …
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