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Shopify Inc. hopes to lure small online sellers by the thousands to its e-commerce platform by making the typically vexatious business of taking payments as easy as possible. On Monday, the Ottawa-based company announced Shopify Payments, a service that lets Web merchants sign up to accept a broad range of …
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Isis Readies Its National Mobile-Payments Rollout with Two Big Issuers on Board
The Isis smart-phone-based payments machine is finally getting in gear, observers say, in the wake of several recent developments involving the service that is jointly owned by three big mobile-telecommunications carriers. Giant card issuer JPMorgan Chase & Co. on Monday said that several of its cards will support the Isis …
Read More »Durbin, Welch Urge Fed To Adopt Debit Caps That Look More Like the EU Proposal
Two powerful lawmakers on Friday wrote to the chairman of the Federal Reserve Board urging the central bank to scrap its debit card interchange caps and instead adopt limits in line with the more draconian regime proposed this week by the European Commission. In their letter to Fed Board chairman …
Read More »Nine Months After Launch, Isis Usage Sputters Among Small Merchants
Nine months after the Isis mobile wallet launched in Austin, Texas, and Salt Lake City, usage among small merchants appears to be sporadic at best, despite considerable fanfare and promotion at the launch. But some of the factors blamed by merchants contacted by Digital Transactions News have little to do …
Read More »Eye on the Law: FTC Rings ‘Fire Alarm’ with ISO Case; Supreme Court Okays Arbitration
A lawsuit brought earlier this month by the Federal Trade Commission against a telemarketer and its merchant processor should serve as a warning to independent sales organizations and other acquirers that they could be held responsible for their clients’ actions, according to a prominent payments attorney. “The FTC’s suit should …
Read More »Chirpify Widens Its Payments Reach As It Seeks Social-Commerce Data
The move will allow Chirpify members to pay merchants and each other on the Twitter, Facebook, and Instagram social networks with American Express, Discover, MasterCard, and Visa cards or with ACH transfers. It also propels the fledgling Portland, Ore.-based company further into the fast-growing world of social commerce, where companies …
Read More »Green Dot To Take Over Walmart MoneyCard from Long-Time Issuer GE Capital
Prepaid card program manager Green Dot Corp. will take over direct issuance of the Walmart MoneyCard prepaid card from General Electric Co.’s GE Capital Retail Bank under a deal Green Dot announced on Monday. The acquisition continues Pasadena, Calif.-based Green Dot’s effort to consolidate issuance of the prepaid card …
Read More »Visa’s U.S. EMV Card Count More Than Doubles in Nine Months, Albeit from a Tiny Base
Europay-MasterCard-Visa (EMV) chip cards have entered the classic phase of huge percentage growth from a very small base, according to new U.S. figures from Visa Inc. The leading network this week reported that American financial institutions had issued 3.5 million Visa-branded EMV cards as of March 31, an increase of …
Read More »Head of Nascent Chase Merchant Services Sees Opportunity, Keeps Mum About Specifics
The fledgling Chase Merchant Services operation may now have a boss, but that doesn’t mean the considerable industry curiosity about the JPMorgan Chase & Co. payments unit is going to be quenched any time soon. Chase officials, beginning with newly appointed CMS chief executive Mike Passilla, are playing it …
Read More »Eye on Acquiring: IP Commerce To Stop Processing; Passilla at Chase; Groupon And SumUp
IP Commerce Inc., a 9-year-old Denver-based company that provides platforms for independent software vendors (ISVs) and other payments developers, will discontinue its front-end payment-processing service effective June 30, according to a notice on the home page of the company’s Web site. The company began notifying clients earlier this month, …
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