Brian V. Mooney, who on Tuesday took over as interim chief executive of the retailer-controlled Merchant Customer Exchange LLC payments consortium, brings strengths to the organization that could prove valuable when MCX at last launches its long-awaited CurrentC mobile-payments system, sources tell Digital Transactions News. And, by some accounts, he …

Transaction volumes, revenues and profits all headed up smartly for MasterCard Inc. in the first quarter. But MasterCard on Wednesday also reported laying out nearly $900 million in rebates and incentives during the quarter to build future volume in an increasingly competitive global card marketplace. In the United States, total …

By Jim Daly The Canadian government’s move last week to strengthen its Code of Conduct for the payment card industry and the European Union’s approval in March of rock-bottom interchange rates for credit and debit cards has observers wondering if more regulation is in store for the U.S. merchant-acquiring industry. …

By Jim Daly Canada’s Finance Minister, Joe Oliver, on Monday issued an update to the government’s 5-year-old Code of Conduct for the credit and debit card industry. The update adds consumer protections, addresses the growth of mobile payments and premium cards, and makes other changes intended to give merchants more …

Debit-rewards programs offered by banks appear to be rebounding a little, with younger consumers more motivated than other age groups to use them. That’s according to a new report from payments-research firm Mercator Advisory Group Inc. Debit rewards programs fell out of favor with banks following passage of the Durbin …

Merchants have spent years battling card-acceptance fees, so they’re turning a jaundiced eye toward a proposal to speed up payments on the nation’s automated clearing house network. That’s because the same-day settlement proposal, floated in December by NACHA, the ACH’s rules-setting organization, contemplates a so-called interbank fee for each zippier …

  It’s not enough to sell payments services to churches and charitable organizations. They want assurances their unique needs will be met. It might seem counterintuitive, but merchant-services profits are to be had serving nonprofit organizations. But it’s not as simple as knocking on doors or harvesting online leads. It …

In less than one grim month, American Express lost two cobranded partnerships and a major court case involving its merchant-acceptance rules. But the 165-year-old payments company is far from finished. As cold as this winter was in most of the country, it was considerably chillier at American Express Co. The …

By John Stewart EMV chip cards and mobile payments may be two abiding passions of the payments industry these days, but major merchants are far from sold on either technology, judging by comments from a number of them Tuesday at a payments-technology conference. Most big retailers are gearing up for …

ShopKeep.com Inc., a provider of tablet-based point-of-sale technology, on Wednesday announced the formation of a new payments division built around its long-time independent sales organization partner, Payment Revolution LLC, which ShopKeep has acquired for an undisclosed price. Payment Revolution co-founder and chief executive Etie Hertz is now senior vice president …