Cross Posted from PaymentsU.com You might think that after half a century of having little or no control over the fees they pay to accept card payments, retailers would be demanding that all mobile commerce products and NFC-enabled systems support tender steering. They are not. Retailer associations have been virtually silent on the topic, and there [...]
Tag Archives: credit card acceptance
Fri 05/06/2011 - 03:16
Sat 12/18/2010 - 01:02
Visa Inc. (NYSE: V), the world’s largest retail electronic payments network1, today announced it is making shopping easier and more convenient for budget-conscious consumers by offering the Visa Mobile application for the iPhone. Through a simple tap of the finger Visa account holders now have access to more than 50 unique merchant offers ranging from [...]
Wed 09/29/2010 - 11:11
The metallic, by-invitation-only Black American Express Card signifies success — and money. Even unpretentious cardholders concede that membership has its privileges. By CreditCards.com What if what was in your wallet really did make you a better person — or at least perceived as one? The closest thing to such a notion may be the American [...]
Thu 02/18/2010 - 12:28
Digital Transactions February 11, 2010 Visa Inc.’s announcement this week that starting this summer it will no longer require signatures for transactions of $25 or less at most U.S. merchants heralds a policy that will result in faster and smoother transactions but could also undermine the payments industry’s move toward contactless technology. “The merchant proposition [...]
Wed 02/10/2010 - 12:16
Posted on CreditCards.com By Jeremy M. Simon Consumers slashed their credit card debt levels by nearly $1,700 per household in 2009, according to the Federal Reserve, and experts say a down economy will continue to leave borrowers with a distaste for debt. Americans spent 2009 eliminating credit card debt. At the end of 2008, Americans [...]
Fri 01/29/2010 - 11:39
Forget about cell phone communication for collection calls. The real needle-mover for the ARM industry could be text-messaging — if current laws are changed. by Phill Britt insideARM January 27, 2010 Information technology research and advisory firm Gartner Inc. recently predicted that SMS money transfers will be the number one mobile application by 2012. Even [...]
Fri 01/29/2010 - 10:59
As posted by Veritape Blog The Payment Card Industry Security Standards Council (PCI SSC) has formally clarified that storing sensitive credit card data in digital call recordings is forbidden. In an update to their ‘frequently asked questions’ document on call recording, the PCI SSC has simplified its wording, making it clear that only analogue recordings [...]
Thu 01/14/2010 - 03:23
By Benjamin Sutherland | NEWSWEEK Published Jan 8, 2010 From the magazine issue dated Jan 18, 2010 As a rule of thumb, small retailers see sales increase by more than 5 percent soon after beginning to accept credit-card payments. Sales of clothes, gifts or other nonessentials often climb a dramatic 10 percent. And yet many small [...]
Mon 01/11/2010 - 03:16
Submitted by epayments on January 9, 2010 – 9:31pm PRINCETON, N.J. & SAN FRANCISCO – (AllPayNews) Heartland Payment Systems® (NYSE: HPY), one of the nation’s largest payments processors, and Visa Inc. (NYSE: V) today announced a settlement agreement under which issuers of Visa-branded credit and debit cards will have an opportunity to obtain a recovery [...]
Fri 10/30/2009 - 10:46
October 23, 2009 as posted by Digital Transactions Utility companies looking to convert from paper-based billing to electronic payments are continuing to become payment card acceptors, according to the MasterCard Inc. executive who oversees the network’s programs for that merchant sector. “We’re very pleased with the movement towards card acceptance across utilities of all sizes,” [...]
Tue 10/20/2009 - 11:31
Twitter founder Jack Dorsey has been outed as the man behind a new system that turns iPhones into credit card readers. Tech blogs have been rife with rumours about a new project from Dorsey, codenamed Squirrel, for months, with a mobile payments system the main suspect. Separately, it was reported over the summer that technology [...]
Sat 09/19/2009 - 01:34
Consumers Believe the Merchant Benefits of Accepting Cards Outweigh Cost; Retailers Would Pocket Checkout Fee Profits at Consumers’ Expense; Tips on Avoiding Harmful Fees at Checkout San Francisco, September 17, 2009 as posted on visa.com Consumers believe retailers benefit far more from accepting credit and debit cards than they pay in costs, according to a [...]
Fri 09/18/2009 - 09:40
As posted by Digital Transactions on September 17, 2009 Merchants turned up the heat on banks and the bank card networks on Thursday by releasing a report showing that interchange fees in the U.S are much higher than in other countries, and arguing that policymakers in the U.S. should regulate interchange as have their counterparts [...]
