[Aug. 14] Credit card usage and cardholder satisfaction decline when merchants levy a surcharge to offset their card-acceptance costs, J.D. Power’s 2025 U.S. Credit Card Satisfaction study finds. When consumers are levied a surcharge, satisfaction scores drop 39 points to 602 on a 1,000-point scale, compared to consumers that have not …
Read More »Routable Adds FedNow to Speed Accounts Payable
[Aug. 15] Routable, a San Francisco-based accounts-payable platform provider, has expanded its support for real-time payments through connectivity to FedNow, the Federal Reserve’s 2-year-old real-time payments platform. With the addition of FedNow, Routable says its customers have the ability to send instant payments to as many as 85% of bank …
Read More »Affirm Partners With Stripe And Google Pay; Zip’s Chrome Autofill Integration
[Aug. 13] Buy now, pay later platform Affirm Holdings Inc. has expanded its partnership with Stripe Inc. to make its BNPL services available to in-store shoppers through the Stripe terminal. Stripe, which has deployed more than a million terminals, is making Affirm available as a payment method to physical merchants in …
Read More »Back to the Drawing Board on Debit Rates: Sorting Out Winners and Losers
[Aug. 8] With merchants prevailing in their long-running legal battle to overturn debit rate caps set by the Federal Reserve, the largest debit card issuers could wind up the biggest losers, while Capital One Financial Corp. emerges as the big winner. U.S. District Court for the District of North Dakota …
Read More »The Fed’s Biennial Debit Report Sparks Merchants’ Ire
Fiserv Adopts Agentic Commerce Protocols From Visa and Mastercard
Fiserv Inc. looked to position itself at the forefront of agentic commerce early Monday with the adoption of protocols from Visa Inc. and Mastercard Inc. Fiserv will deploy Visa’s Trusted Agent Protocol across its payments system to authenticate, retrieve, accept, and process agentic transactions. Visa’s Trusted Agent Protocol identifies trusted …
Read More »Cannabis Payments Providers Applaud Reclassification of the Drug. Are Card Transactions Next?
POSaBIT Systems Corp., a payments processor specializing in cannabis merchants, and Dutchie, a software provider to more than over 6,500 cannabis businesses, late Thursday lauded the Trump administration’s decision to reclassify cannabis to a Schedule III drug as a move that could finally open the door for cannabis merchants to …
Read More »Visa Predicts Agentic Commerce Will Be Mainstream in 2026; BigCommerce Adds Stripe’s Agentic Commerce Suite
Visa Inc. announced early Thursday hundreds of artificial intelligence-based and agent-initiated transactions have been completed in collaboration with partners, a milestone the card network says is a signal that agentic commerce is poised to become mainstream in 2026. By the start of the next year’s holiday shopping season, Visa predicts …
Read More »Holiday Shoppers Continue to Outpace 2024 Spending Levels, With Fewer Returns
Online shoppers are spending more this holiday shopping season compared to a year ago, while returning fewer items, according to Adobe Analytics. Holiday shoppers spent $187.3 billion between Nov. 1 and Dec. 12, up 6.1% from the same period a year ago. Adobe is projecting online sales for the entire …
Read More »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 …
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