Friday , March 29, 2024

Search Results for: fanf

Visa And MasterCard Deny Home Depot’s Claims But Shed No Light on Disputed Fees

By Jim Daly@DTPaymentNews In new court filings, Visa Inc. and MasterCard Inc. are denying the antitrust allegations that The Home Depot Inc. leveled against them in a June lawsuit. That’s no surprise, but the networks’ responses leave some arcane network fees shrouded in mystery. Visa and MasterCard filed answers to …

Read More »

Supreme Court Agrees to Appeal in ATM Lawsuit and other Digital Transactions News briefs

• Grocery store giant The Kroger Co. filed a federal lawsuit against Visa Inc. accusing the card network of trying to force it to allow customers to verify EMV debit card purchases with signatures, and thereby route transactions to the Visa network, rather than with PINs as Kroger prefers, The …

Read More »

After Deciding “To Capitulate” to Visa, Kroger Sues the Network Over EMV Transaction Routing

The Kroger Co. on Monday sued Visa Inc. over the network’s alleged efforts to force the nation’s leading grocery-store chain to route EMV chip debit card transactions over Visa’s network by having customers sign for purchases rather than enter PINs. Kroger, the largest retailer after Wal-Mart Stores Inc., according to …

Read More »

A Rude Awakening

Jolted by some shocking failures over the past several months, the mobile-acceptance market is fast shedding its early euphoria. What are the prospects for mPOS now? As boardroom dramas go, it seldom gets more compelling than this. In February, news suddenly emerged that Powa Technologies Ltd., a high-flying London-based startup …

Read More »

MasterCard And Visa Jockey To Cash in on Expected Jump in Payments on Wearables

Payments made via so-called wearables are forecast to soar in the years to come, so Visa Inc. and MasterCard Inc. are positioning themselves to cash in with announcements made Monday at the huge Mobile World Congress in Barcelona, Spain. MasterCard unveiled a partnership with WiseKey, a Swiss company whose security …

Read More »

Visa, Wal-Mart Settle Wal-Mart’s Interchange Opt-Out Lawsuit

Visa Inc. and Wal-Mart Stores Inc. have settled a 2014 antitrust lawsuit the huge retailer filed against Visa that sought $5 billion in damages, Visa reported. Disclosure of the settlement comes in a brief passage in Visa’s annual report for fiscal 2015 ended Sept. 30, which Visa filed with the …

Read More »

Still Waiting for the Right Wallet Formula

Late September saw the introduction of two more major third-party mobile wallets. One is called Android Pay and comes from Google Inc. The other is called Samsung Pay and comes from, well, Samsung, which just happens to make some pretty popular smart phones that run on Android. Meanwhile, a consortium …

Read More »

About Those Free Transactions

The Gimlet Eye Is there a movement going on to do away with transaction fees? Here are some recent examples: Dwolla, the Iowa-based processor, said last month it was eliminating its 25-cent fee on transactions over $10, effective immediately. Payments below that threshold carry no fee, so now all Dwolla …

Read More »

Little USAT’s Big Footprint in NFC Payments

With little fanfare, unattended-payments provider USA Technologies Inc. (USAT) has built an outsized share of the still-small but rapidly expanding base of merchant locations in the United States that accept near-field communication (NFC) contactless transactions—the type of transactions generated by smart phones using the Apple Pay, Google Wallet, and pending …

Read More »

The ACH Adds Some Octane to a Retailer’s Mobile App

A gas-station and convenience-store chain is proving you don’t have to sell fancy coffee concoctions to generate impressive results with a mobile app. The program called SmartPay from Cumberland Farms, which operates nearly 600 stores in eight Northeastern states, enrolled 100,000 customers in the first 45 days after its 2013 …

Read More »
Digital Transactions