An Illinois merchant’s allegations that Apple Inc., Mastercard Inc., and Visa Inc. worked to artificially maintain pricing by agreeing to funnel Apple Pay transactions via the two card networks was dismissed this week by a judge in the U.S. District Court for the Southern District of Illinois. Filed in December …
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The point-of-sale provider Helcim Inc. launched Smart Terminal, a handheld POS device aimed at smaller merchants. Under a new agreement, acquirer Sona said it will offer merchant services to businesses that are members of Vancity, said to be one of Canada’s largest credit unions. Sona was acquired last year by Celero Commerce. The law …
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Paze, the digital wallet from Early Warning Services LLC, says it is working with Payfinia, a unit of banking-services provider Tyfone Inc., to expand its reach. Payfinia, formed by Tyfone in 2024 to provide real-time payments technology, has helped line up Star One Credit Union, a Sunnyvale, Calif.-based financial institution, …
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The Federal Trade Commission’s negative option rule, or click to cancel rule, for subscription management, has been struck down by the U.S. Court of Appeals for the Eighth Circuit because the FTC did not follow procedures for creating the rule, The Hill reported. The rule was set to start July 14, having been delayed …
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Restaurant-payments provider SpotOn has launched Picked for You, an AI-powered system that SpotOn says personalizes digital menus on behalf of restaurants in an effort to drive higher tickets. Working with Idex Biometrics, Mastercard Inc. is launching in Bangladesh its metal credit card, which includes technology supporting fingerprint authentication for in-store transactions. The issuer is …
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A ruling in the United Kingdom could imperil the validity of multilateral interchange fees in the United Kingdom and Ireland assessed by Mastercard Inc. and Visa Inc. A U.K. tribunal Friday ruled the fees infringe on competition law. The Competition Appeal Tribunal ruled the fees infringe on prohibitions to restrict, …
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Payments provider Payroc said it will support payments programs for business clients of Republic Bank of Chicago. The collaboration will include smart point-of-sale technology, contactless payments, and real-time analytics. DNA Payments said it will work with retail point-of-sale technology provider MWC Partners to launch what they say will be a series of payment …
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Michigan consumers enrolled in Meijer Inc.’s mPerks rewards program saved nearly $200 million the past year, the Grand Rapids, Mich.-based supermarket chain announced late Thursday. To encourage consumers enrolled in mPerks to shop more often this summer, Meijer is offering customers the opportunity to earn 30 points on every gallon …
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Comerica Bank said it will be an early adopter of On-Behalf-Of-Payments (OBO) on The Clearing House Payments Co.’s RTP network, a real-time payments platform. OBO payments are originated by a sender acting on behalf of another person. SpotOn, a processor specializing in point-of-sale payments for restaurants, announced GoTo Place, a mobile-first …
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When it comes to payments, Millennials want options that match their mobile-first lifestyle, such as mobile wallets, says a study by payments platform provider PXP Financial Ltd. Overall, 56% of Millennials—generally those born between 1981 and 1996—use a mobile device daily. Apple Pay is one of the most popular mobile …
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