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August, 2018

July, 2018

  • 30 July

    Kroger’s Foods Co Lobs a Grenade at Visa in the Ongoing Guerrilla War Over Card-Acceptance Costs

    Citing acceptance costs, Foods Co, a California unit of leading supermarket chain The Kroger Co., says it will stop accepting Visa credit cards Aug. 14 at 26 stores. “Foods Co is discontinuing the acceptance of Visa credit cards to save on the high costs associated with the credit card company’s …

  • 27 July

    ISOs Urged To Begin Thinking Beyond Pure Profit

    The independent sales organization business is one that has spawned multimillion-dollar fortunes for numerous entrepreneurs. But perhaps it’s time for the industry to begin thinking beyond pure profit, merchant-acquiring executives suggested Thursday. The executives participated in a panel dubbed “Payments Doing Good” at the MidWest Acquirers Association annual conference in …

  • 26 July

    PayPal Looks to Cash in on P2P And Stresses It’s Shopping for More Acquisitions

    Person-to-person payments are hot these days, and PayPal Holdings Inc. has one of the hottest products in the market with its Venmo service. But as PayPal revealed Wednesday, Venmo can create some friction for its parent even as it vitally expands its payments business. PayPal reported $14.2 billion in payment …

  • 23 July

    Cryptocurrency ‘Has Legs,” Payroc Says, So It’s Moving Toward a Merchant Acceptance Rollout Later This Year

    Issues like price volatility, pokey transaction times, and sheer reputational risk have left many processors and independent sales organizations on the sidelines when it comes to cryptocurrency acceptance. Many, but not all. The latest entrant, and the largest so far, in this nascent market is Payroc LLC, which later this …

  • 10 July

    Following Its Big June IPO, Adyen Continues To Surge

    Does it pay to bet on payments? If the bet is on Adyen N.V., it pays handsomely so far. The Dutch processor and payments gateway is showing no signs of slowing down since its initial public offering nearly four weeks ago. The stock, which trades on the Euronext Amsterdam exchange, …

  • 9 July

    Leadership Change in the Offing as VeriFone’s Buyout Approaches

    Former Pace plc chief executive Michael Pulli will replace Paul Galant as CEO of VeriFone Systems Inc. when the leading U.S.-based point-of-sale terminal manufacturer and payment services provider is acquired by private-equity firm Francisco Partners, VeriFone announced Monday. Galant, a former Citigroup Inc. senior executive who became VeriFone’s CEO in …