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UnionPay International Claims 28 Million Merchants and 120 Million Cards
The Shanghai-based UnionPay International payment network reported Monday that it now has 28 million accepting merchants outside of China and 120 million cards issued by non-mainland financial institutions since it launched its global business in 2004. But while UnionPay International now has a presence in 176 countries, with Chile and …
Read More »Clearing up CBD Merchants; Splitit Offers B2B POS Credit; FTC Action Involves Merchant Accounts
A Panel Clears up Some Issues on Payments for CBD Merchants
The clamor to sign up merchants that want to sell hemp-derived cannabidiol products is undiminished despite multiple questions about what a legal CBD product is and how to onboard these merchants. “The banks are having a tough time now because it’s so new,” said Travis Chrisman, president and cofounder of …
Read More »Shopify Targets CBD Merchants; Banks’ Payment Revenue Risk; Turnkey Risk Rebrands as Humaitrix
UPDATED: Shopify Targets Merchants in The Fast-Growing CBD Sector
CBD is all the rage these days as a newly available medicine that can alleviate everything from pain to insomnia, and now e-commerce platform provider Shopify Inc. is pitching its payment and other support services to U.S. CBD merchants. Ottawa, Ontario-based Shopify, which serves 800,000 merchants globally and has major …
Read More »POS Providers Invite Developers To Attract More Merchants
As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants. Revel Systems Inc. last week launched Revel Integrated, a program that offers developer tools and infrastructure to integrate their …
Read More »ValuPlus Merchants Association
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Read More »National Merchants Association
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Read More »U.S. Merchants Enabled 600,000 New Locations for Chip Card Acceptance in 2019’s First Half
U.S. merchants added 600,000 locations for EMV chip card acceptance in 2019’s first six months, and Visa issuers cranked out an additional 10 million EMV payment cards, according to new figures from Visa Inc. In its latest update on the U.S. conversion from magnetic-stripe payment cards to the EMV chip …
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