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Another Merchant Settlement Reached; Circle Notches Arc Blockchain Win; Amscot Teams with Green Dot
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Card Volume May Affect Merchant Settlement Benefits; Payroc Expands Roc Services; Plus Weekly Recap
Helcim’s Real-Time Merchant Settlement Funding; Eye on E-Commerce; Shopify’s Next Step with Affirm
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 Decry Latest Settlement Deal; Crypto Kingpins Near Bank OKs; Klarna’s Agentic Commerce Move
Merchant Groups Voice Their Objections to the Latest Visa-Mastercard Swipe Fee Settlement Offer
Merchant groups late Friday filed written complaints regarding the latest settlement offer in their two-decades old lawsuit against Visa Inc. and Mastercard Inc. challenging card swipe fees. The settlement offer, which follows a rejected offer in 2024, was made in November. Merchant groups filing complaints were The National Association of …
Read More »Another Merchant Lawsuit Settlement Is Reached, This One on EMV-Related Chargebacks
A lawsuit filed in March 2016 over how the four U.S. card brands handled the liability shift during the EMV migration more than 10 years ago, along with unreimbursed chargebacks associated with it, has reached its next step. The suit is over unreimbursed liability-shift chargebacks made with a credit or …
Read More »Inside the Merchant Fee Settlement; Eye on POS; Many OK with Stablecoins, if Their Banks Are Involved
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 …
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