US issuer processor Fidelity National Information Services (FIS) has announced a $43 billion acquisition of global merchant acquiring giant Worldpay Inc.
New Visa fees, to be charged from January 2019, will impose more than a half-billion dollars’ worth of additional charges on merchants.
More mergers in the banking industry on the horizon as BB&T and SunTrust announce upcoming merger
Merchants must consider ways to mitigate against rising costs rather than limiting customer payment choice.
Visa and Mastercard are close to agreeing a deal with the European Commission to lower interchange fees charged to EU merchants accepting cards from outside the EU.
On October 19, a draft of the technical specifications for Secure Remote Commerce (SRC) was released.
CMSPI estimates that network fee increases from Visa, effective in January and April 2019, are set to cost U.S. merchants $570m annually.
New Jersey has proposed legislation that would require all brick-and-mortar retailers in the state to accept cash payments.
Customers visiting participating U.S. Walmart stores will soon be able to withdraw and deposit cash directly from their PayPal accounts.
Laura Townsend, SVP, Operations, Merchant Advisory Group, discusses a paradigm shift in payments
Chase is bidding to give its under-appreciated proprietary mobile payments app Chase Pay a shot in the arm by linking up with Samsung Pay.
The Supreme Court recently ruled in favor of American Express in a long-running anti-trust case.