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With Fee Settlement Dumped, Merchants Seek More Than 'Crumbs'
Merchants have long sought to change how the card networks charge fees, and are getting a new chance after more than a decade of court squabbles.  more »
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Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards. more »
Bloomberg News
Costco Wholesale Corp. customers have deluged the retailer’s Facebook page with hundreds of complaints about a new credit card from Citigroup Inc., saying they endured lengthy wait times and had trouble activating accounts. more »
Bloomberg News
Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers. more »
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Tablet-based point-of-sale provider Appetize has landed the contract to provide terminals at the new U.S. Bank Stadium in downtown Minneapolis, where games for the NFL Minnesota Vikings, and other special events will take place. more »
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Visa Inc. appealed to the public as it responds to Walmart Stores Inc.’s decision to stop accepting the network’s cards in Canada, accusing the retailer of “unfairly dragging” millions of shoppers into private negotiations over card fees. more »
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Ally Financial has introduced its first credit card, as the online bank continues to add products to complement its staple car loans and online bank. more »
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A new assault on the major card brands over debit transaction routing got a boost this week when Home Depot sued Visa and MasterCard, alleging the card brands are pushing for the more expensive signature debit routing. more »
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TSYS Managed Services is now a wholly owned unit of Total System Services. more »
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The news that Shell Oil has agreed to accept Chase Pay at more than 6,000 gas stations couldn’t have come at a more interesting moment. more »
Bloomberg News
Consumers enrolled in the CurrentC mobile wallet in Columbus, Ohio will be cut off after June 28 when the year-long pilot conducted by Merchant Customer Exchange (MCX) ends. more »
Verifone's new Carbon terminal, which the company says emphasizes its new focus on services.
Verifone is taking a scalpel to its business after seeing soft results during its second fiscal quarter, enacting a plan to cut 5% of its personnel and look for opportunities to jettison older, underperforming parts of its business. more »
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Verifone and its beacon technology provider Footmarks are partnering with Allrecipes.com and grocery retailer Marc’s in Ohio to deliver meal recommendations to shoppers. more »
The payments industry is undergoing constant transformation. Usually we focus on the technological changes, but it is important to also recognize the cultural changes that are enabling women to bring their influence to the forefront. Plus, six months after the EMV deadline, why are U.S. merchants still swiping magstripe cards?