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Read More »New Jersey Limits Card Surcharging to Merchants’ Processing Fees
New Jersey has implemented a law that prohibits merchants in the state from profiting from credit card surcharging and requires merchants to clearly disclose any surcharges to consumers. The law, which was passed by the New Jersey legislature in June and went into effect immediately upon New Jersey Governor Phil …
Read More »Discover’s Hochschild Out; PayNearMe Network Tops 60,000 Merchants; Clarifying CNP Debit Routing
Marqeta’s Cash App Deal Extended; Eye on Merchants; i3 Verticals Revenue up 16.5%
Eye on Merchants: The Square Go Booking App Debuts; Practice Better Adds Integrated Payments
Block Inc’s Square merchant-processing unit late Tuesday introduced Square Go, a booking app for beauty and personal-care merchants. The app allows consumers to search for, and schedule appointments with, health and beauty merchants locally. The mobile app also suggests merchants based on a consumer’s previous booking patterns. Consumers can receive …
Read More »Visa And Merchants; Fiserv’s Seller Success; Euronet’s Growth
Merchants Will Reap $15 Billion From the CCCA, Says One Researcher
As proponents and adversaries wrangle over the newly resurrected Credit Card Competition Act, a market-research firm has raised by more than one-third its estimate of how much the bill could save U.S. merchants. A year ago, the firm, Atlanta-based CMS Payments Intelligence Inc., calculated the bill would result in $11 …
Read More »Square Unveils Its AmEx Card for Merchants as Part of Its Banking Expansion
Fulfilling a promise it made seven months ago, Block Inc.’s Square merchant-acquiring unit on Wednesday announced it will offer an American Express-branded credit card to its sellers that gives rewards in the form of lower processing costs. Square also announced several enhancements to its financial services to get more of …
Read More »Worldpay Partners with Volt to Bring Account-to-Account Payments to Merchants
Worldpay, a unit of processor FIS Inc., has partnered with open-banking gateway and real-time payments network Volt to enable merchants to accept account-to-account payments from consumers. Through the use of application programming interfaces Volt will enable Worldpay merchants to initiate account-to-account (A2A) payments using open-banking technology. Open banking allows banks …
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