Visa Inc. may be readying a lower cap on credit card surcharges—moving from 4% to 3%—in April, but there’s no guarantee it will happen then. While a bulletin sent to large acquirers says the change to the brand rules will go into effect April 15, its implementation could be delayed, …

As industry lobbyists prepare to converge on Capitol Hill next week, payments interest groups are issuing salvos designed to move the argument over limits on credit card acceptance costs in their favor. One such advance move came Thursday with an email campaign launched by the Electronic Payments Coalition citing a …

Nearly two months after announcing it was resuming money transfers from the United States to Cuba, The Western Union Co. is significantly expanding the service to include more than 4,400 locations in the U.S. and Puerto Rico from which remittances to the island nation can be initiated. In addition, U.S. …

  An exciting part of growing a business is when you wade into uncharted territory. In the case of payments processing and the fintech industry, this could be when exploring a vertical that’s relatively new to the game. This excitement can be quickly dampened when banks and other financial institutions …

Western Union Co. expanded its cross-border remittance capabilities Wednesday with the announcement it is partnering with 7-Eleven Mexico to enable money transfers from 1,800 7-Eleven locations in Mexico. The agreement will enable Mexican citizens to send money to more than 200 countries and territories in which Western Union operates, in …

The major processor FIS Inc. said early Wednesday it will work with Web registrar GoDaddy Inc. to offer processing to small and micro merchants for online and in-person transactions. The new service, called Commerce 360, will rely on FIS’s Worldpay processing unit and aims to help sellers reach customers through …

Felix announced its Terminal Tap to Pay technology has been integrated with the Android-based M50 Mobile Computer from Elo, enabling contactless payments on the Elo device. The move follows Stripe Inc.’s move last week to launch Tap to Pay for Android technology in six countries, including the United States. Payments provider ACI Worldwide Inc. reported …

Processors are hoping to tap commerce, and hence payments, in the world of virtual reality. But as the metaverse keeps evolving, what kind of payoff can they expect?  If you’re aware of the metaverse but are not exactly sure what it is and how commerce in it will work, you’re …

These days, reaping the benefits of account based ticketing requires knowledge, vision, and planning. Account based ticketing (ABT) is not a new technology in the transportation industry. In fact, smart ticketing—from card-based to account-based—has been around for decades, dating back to the 1980s. The obvious appeal to riders initially was …

Banks are gearing up to launch their own common wallet for consumers. But what value, exactly, will the new product really add? This comes from an announcement on Early Warning Services’ Web site: “We hear from consumers that they want to utilize online payments from their trusted financial institutions,” said …