American Express network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court July 10.
PayPal may not be trying to become a merchant's bank in providing working capital and next-day settlement on fund transfers, but the payments unit of eBay Inc. is trying to make it harder for its merchants to consider another provider.
Apple Inc. has not joined the Faster IDentity Online Alliance and its quest for more secure online authentication, but the technology giant has played a significant role in helping develop the foundation for new standards.
Successful retailers know that the secret to selling more can be a relatively straightforward formula: Increased traffic equals increased sales. But what about the costs associated with generating that traffic? How does a retailer serve more customers without adding more infrastructure or staff? The goal, after all, is to increase profitability, not just to sell more. Mobile point of sale tablets can benefit merchants greatly in that effort.
If Seamless Distribution AB is going to pitch U.S. merchants on being able to duplicate the successful Starbucks mobile payment experience at their businesses, its new relationship with prepaid product provider InComm potentially provides a significant boost.
Jim Harper, global policy counsel at the Bitcoin Foundation, wants the trade group's new lobbying firm, Thorsen French Advocacy to model their government relations work to his efforts in introducing Capitol Hill to PayPal in the early 2000s.
In Ireland, credit unions are speeding up the launch of their electronic payment alternatives and working with Visa and MasterCard to offer debit cards to compete more aggressively with local banks.
Merchants who have been quick to complain about the cost of accepting card payments at the point of sale haven't always calculated the true cost of accepting cash in comparison, a new Aite Group study says.
What's in a name? Many payment companies have struggled with this question, finding out too late that the name they chose sent the wrong message or was rendered unusable by situations outside the brand's control. read more »