Search Results for: interchange
The Interchange Deal’s Big Winners; The ‘Quiet” Merchant Revolution; Ant’s Deal With Air Asia
PayPal, Amazon, Apple, And Walmart Are Among the Big Winners in the Interchange Deal
The transaction-cost savings and tender steering provided for in the big interchange settlement reached earlier this week will be worth hundreds of millions of dollars annually for major merchants and the big mobile-wallet providers, according to estimates provided to Digital Transactions News by San Carlos, Calif.-based payments researcher Crone Consulting. …
Read More »Merchant Groups in Interchange Settlement; $1 in Fraud=$3 in Costs; Visa’s AI-Powered Trio
19 Years On, Interchange Settlement Reached; AI-Grocery Shopping Carts; Breeze Taps Barclays
Claims Process Begins in Interchange Lawsuit And Other Digital Transactions News briefs from 12/1/23
The claims process begins today for merchants to file for a share of the $5.54-billion settlement of a massive lawsuit originally filed more than a decade ago that alleged that Visa, Mastercard, and banks had violated antitrust laws in setting fees for card acceptance. The number of merchants involved is expected to …
Read More »The Fed’s Debit Card Interchange Proposal Isn’t Pleasing Merchants Or Issuers
The Federal Reserve Board’s proposal Wednesday to make a 31% reduction in the main component of its debit card interchange ceiling for large issuers touches on a longstanding sore point among merchants and has already sparked a spirited debate in the payments industry. Merchant groups, long riled by debit card …
Read More »We’ll Always Have Interchange; Visa’s CEO on Interchange; Bitpay’s Crypto Move
Don’t Expect a ‘Here Lies Interchange’ Epitaph Any Time Soon
With potential regulation of credit card interchange looming and with the unwavering demand from merchants for lower card-acceptance costs, the possibility that interchange as it’s known today may dramatically change can’t be entirely dismissed—but don’t count on its demise. That was the conclusion at the Money 20/20 trade show this …
Read More »Visa’s CEO Downplays Potential Impact From a Fed Meeting on Debit Interchange
The Federal Reserve Board is set to revisit its longstanding limit on debit card interchange on Wednesday, and most observers expect the Fed to lower it. But ask Visa Inc. about the matter—as analysts did Tuesday afternoon during the network’s September-quarter earnings call—and its top executives outwardly at least profess …
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