With the rise of Chinese tourism, North American merchants have proved eager to accept Chinese mobile wallets like Alipay and WeChat Pay, and now they can add UnionPay cards to that mix. Citcon USA LLC said Monday it will enable merchants in the United States and Canada to accept quick-response …
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New York Credit Card Surcharges Get a Green Light as Merchants and the State Agree To Dismiss Lawsuit
Merchant plaintiffs and the state of New York filed motions Tuesday in a federal appellate court to dismiss the merchants’ challenge to New York’s law banning credit card surcharges. As a result, surcharges will be allowed when the merchant posts total prices for credit card purchases in dollars and cents. …
Read More »CNP Payments Growth Surges; Merchants’ Road Ahead in Payments; Plus Weekly Recap
COMMENTARY: For Merchants, Much Has Been Accomplished, Much Is Yet To Be Done
Merchants have come a long way since the inception of the Merchant Advisory Group, but far more needs to be done to restore some semblance of balance in payments. Upon reflection, it is remarkable that traditional merchants had no formal means to get together to discuss payments until the MAG …
Read More »EU Merchants May Get Interchange Cut; A Surge in P2P for Gifts; Digital Check’s New ScanBox
European Merchants Would Pay 40% Less to Accept U.S.-Issued Cards Under Visa-Mastercard Proposals
European merchants could see their costs to accept Visa Inc. and Mastercard Inc. payment cards issued outside of Europe decline by 40% under separate proposals submitted by the two leading card networks to settle competition concerns raised by European Union antitrust authorities. The European Commission, the administrative arm of the …
Read More »Ensuring Electronic Payment Security for Specialty Merchants
Most merchants are in business because of their passion about a product or service, and because they are interested in making money. To succeed, business owners must be prepared for the many obstacles they can face. When it comes to electronic payment acceptance, security is one of the challenges …
Read More »PayFacto Debuts With an Eye on Merchants, Payfacs, and Gateway Services
PayFacto Inc., the new name for a combination of what had been three separate companies, launched with a mission to cultivate merchants with a trio of payments services. Montreal-based PayFacto is the result of combining B2Billing, CT-Payments, and Supreme Payments. Each of the Canadian firms had different specialties that PayFacto …
Read More »More Restaurants on Clover’s Plate; Merchants and Mobile Payments; PayByPhone Lands Parking Lot
COMMENTARY: Why an Omnichannel Strategy for Mobile Payments Is Crucial for Merchants
It’s been four years since Apple launched Apple Pay, which together with Google Pay and Samsung Pay has ushered in the modern era of mobile payments. These “Pays” have been joined by mobile-payment solutions from retailers like Starbucks and Walmart, and together with P2P apps that can be used at …
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