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PayPal Woos Merchants with Expanded Cash Management
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.
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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. more »
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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. more »
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Merchants are wary of the proprietary look and feel of the process by which the card networks and issuers are adopting new security standards. more »
Payleven's chip and PIN card reader
The telco is offering Payleven's hardware to enable its small-business customers to comply with an Italian mandate to cut back on cash use. more »
Frank Bisignano, CEO and chairman, First Data
First Data is under pressure on a several fronts. While tasked with easing its debt, the Atlanta-based processor is also responding to the many disruptions brought by mobile technology and other innovations. more »
Philip W. Tomlinson
Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO. more »
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KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, led a $3.5 billion private placement for First Data Corp. to help the payment processor it acquired in 2007 repay debt and strengthen its balance sheet. more »
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An issuer's decision to deploy EMV chip-and-signature credit cards in the U.S., rather than the chip-and-PIN model common in other countries, has as much to do with technology constraints as it does with Americans' reluctance to using a PIN. more »
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Payment processor Vantiv Inc. now offers EMV testing software for U.S. merchants to use to validate the steps of their acceptance of chip-based payment cards. more »
Janice Smith, information security officer, BankPlus
The numerous recent retailer data breaches have led issuers to realize that they may have to replace most of their cards with little or no warning. more »
Sash Catanzarite, co-founder and chief product officer, Tradesy
Balanced's new Push to Card program allows its marketplace clients to pay sellers directly onto their debit cards, enabling those sellers to instantly spend those funds. more »
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Merchants are likely to find the final sprint to meet the U.S. EMV liability-shift deadline is a tougher task for them than it is for card issuers. more »
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By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip-and-signature will be preferred by issuers out of the gate, according to a recent survey. more »

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