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Visa Hikes Prepaid Interchange But Chops Some Debit Rates
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Read More »In a Good Omen for Mobile Payments, Location-Based Services Attract Handset Users
n A new report from the Pew Internet & American Life Project, Washington, D.C., has found that about 20% of U.S. adults uses a smart phone to access a location-based service or a so-called geo-social site, or a social network in which the user “checks in” with his or …
Read More »Merchant Maverick Sees Growth with Star-Rating System for ISOs
The culture of ratings and reviews, so prevalent in the online world these days, has come to the business of merchant acquiring as a slew of sites has emerged to size up processors and independent sales organizations. Merchant Maverick, a 2-year-old site in Orange, Calif., takes the concept a …
Read More »With $5 Million Round, Mobibucks Is Latest NFC Alternative to Draw Investors
While point-of-sale payments using near-field communication (NFC) technology appear to be drawing closer, systems that let consumers make mobile payments in stores without NFC are drawing investor interest. This week, Mobibucks, a Louisville, Ky.-based startup, announced a $5 million Series A funding round led by Acadia Woods Partners. The …
Read More »VeriFone Sees a Potential Bonanza in Mobile Wallets Tied to NFC
Bullish on the prospects of electronic wallets residing on smart phones equipped with near field communication (NFC) chips, leading point-of-sale terminal maker VeriFone Systems Inc. says that topline revenues from software, services, and equipment for NFC wallets could increase in the United States between $100 to $150 million, and …
Read More »Canada Puts Down Chip Card Roots
Canada seems to have found a workable formula for rolling out EMV technology. Can the U.S. learn from it? By Peter Lucas Payment card executives in the United States looking to follow a model for how to roll out EMV cards and terminals need look no …
Read More »Endpoint: Is Your Checkout Designed To Sell?
Take into consideration that, in today’s global e-marketplace, credit cards alone are no longer enough. Getting consumers to part with their money online these days requires careful thought about checkout-page design and payment options, says Paul Bridgewater. Paul Bridgewater is vice president of world payments for Digital …
Read More »As Banks Rally, the NRF Escalates the Debit Card Interchange Lobbying War
With bank opposition to the Durbin Amendment growing, the National Retail Federation on Wednesday launched what it calls a major, 60-day advocacy campaign to “preserve swipe-fee reform” for debit cards. The multipronged effort, according to an NRF news release, includes an “intensive grass-roots” campaign to mobilize retailers through NRF …
Read More »FaceCash Parent Launches a Free Browser-Based Register for Merchants
Think Computer Corp., the startup behind the FaceCash mobile-payments system, has launched a browser-based point-of-sale register in an effort ease FaceCash integration for merchants. “The register lets any small business turn a Web browser into a cash register,” says Aaron Greenspan, Think’s chief executive and president. The product, which has …
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