Digital Transactions Authoritative, insightful and timely information for payments professionals
Target, Taco Bell, And Other Chains Are the Latest to Sign up for Apple Pay
Apple Inc. on Tuesday announced Target Corp., Taco Bell, and two regional chains are the latest merchants to agree to accept Apple Pay in-store, a development that could bolster the mobile-payments service and further smooth the road for contactless payments in the United States. Separately, Target announced it will also “soon” accept two Apple Pay …
Integrating Fiserv and First Data Could Take Up to a Decade, Report Says
The proposed mega-deal that has Fiserv Inc. buying First Data Corp. for $22 billion presents integration issues that could take up to 10 years to iron out, according to a new report. “The integration of two companies of this scale will undoubtedly be a challenge—the short-term shock will take more than 18 months to recover …
Mastercard’s $648 Million Fine and other Digital Transactions News briefs from 1/22/19
The European Commission, the European Union’s antitrust regulator, fined Mastercard Inc. €570.6 million ($648.2 million) for restricting merchants’ ability to sign with an acquirer in another EU single-market country with interchange rates lower than rates in the merchant’s home country before December 2015, when regulations capped EU interchange. The Commission reduced the fine by 10% …
Most Merchants—78%—Experience Fewer Chargebacks Under New Visa Rules, Says One Survey
Almost a year after Visa Inc. altered the chargeback-resolution process, merchants are reaping some of the benefit. A survey of 500 Chargeback Gurus merchants found that 78% have fewer chargebacks under the Visa Claims Resolution program. “The first goal was to streamline the dispute process,” Suresh Dakshina, Chargeback Gurus president, told attendees at the Northeast …
Adyen Founders’ Good Fortune and other Digital Transactions News briefs from 1/21/19
The two co-founders of online transaction processor Adyen are now billionaires thanks to last week’s market upturn, according to Forbes. Chief executive Pieter van der Does holds a 4.8% stake in the company, which went public last year. Arnout Schuijff, chief technology officer, holds a 6.4% interest. Among Adyen’s U.S. clients is eBay Inc., which …
As More Interest in Surcharging Emerges, So Too Comes Some Clarity on the Rules
Is it a cash discount or a surcharge? Some merchant sales agents may now have a little more insight into the answer to that question. Some payments industry observers see no distinction between whether a fee is added or removed from a product’s final price to cover the cost of credit card acceptance. That view …