Search Results for: merchant settlement
EVO’s Turn to Visa Direct Casts a Spotlight on the Potential for Real-Time Merchant Settlement
Real-time payment flows are coming to processor settlements with merchants as Visa Inc. enlarges the market for its Visa Direct push-payment service. The latest development emerged this week with EVO Payments Inc.’s launch of EVO Direct Deposit, a service that relies on Visa Direct to credit U.S. merchant accounts. The …
Read More »Linked2Pay Debuts Instant Merchant Settlement and other Digital Transactions News briefs
Payment-processing technology company Pineapple Payments has acquired payment-gateway provider Transax for undisclosed terms. The deal represents the fifth acquisition this year for Pineapple, which says it is processing $3 billion in annual volume for more than 13,000 merchants. Payments-technology provider linked2pay introduced what it calls instant merchant settlements for credit …
Read More »Merchants Look Forward to Their Day in Court After Judge Brodie Rejects the Interchange Settlement
Merchants are looking forward to making their case now that a judge has rejected a proposed settlement of their two-decades-long litigation with Visa Inc. and Mastercard Inc. over transaction costs. Late Tuesday morning, Margo K. Brodie, U.S. District Court Judge for the Eastern District of New York, issued a written …
Read More »Merchants Get More Interchange Settlement Time; Eye on Real-Time Payments; CredBuild’s Renters Reporting
Merchants Get an Extension to File Monetary Claims in the Big Credit Card Settlement
Merchants have been granted a 90-day extension to file a monetary claim as part of the settlement of a nearly two-decades-old interchange lawsuit filed against Visa and Mastercard. Merchants now have until Aug. 30 to file their claims, the court overseeing the settlement has ruled. A settlement between Visa and …
Read More »Merchant Groups in Interchange Settlement; $1 in Fraud=$3 in Costs; Visa’s AI-Powered Trio
Visa And Mastercard Agree to Merchant Rate Cuts and Acceptance Changes in a Major Settlement
Merchant lawsuits challenging credit card interchange and payment card network rules that began nearly two decades ago may finally be heading for resolution under a landmark settlement announced Tuesday by Visa Inc., Mastercard Inc., and lawyers for the merchants. Merchant lawyers in the massive case estimate the settlement could save …
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