Digital Transactions Authoritative, insightful and timely information for payments professionals
• The U.S. Supreme Court seems divided over whether New York’s ban on credit card surcharges is a form of speech regulation as a group of merchants challenging the state’s anti-surcharge law assert, Reuters reported. The National Retail Federation said the case is about “being able to show the cost of using …
January, 2017
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10 January
NovoPayments Launches Chatbot Capability and other Digital Transactions News briefs
• Independent sales organization Applied Merchant Systems announced it has increased its liquidity following an expansion of its credit line with Goldman Sachs Specialty Lending Group and Business Development Corporation of America. In conjunction, Blue Square Resolutions, also an ISO, became a shareholder in the company. • Miami-based NovoPayments, which processes payments throughout …
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10 January
It’s a Higher Gear for Dashboard Commerce As Honda And Visa Test In-Car Payments
The 120-year-old automobile is getting a payments makeover. Automaker American Honda Motor Co. Inc. last week demonstrated an in-vehicle payments system for parking and paying for fuel at the 2017 CES, a consumer electronics exhibition in Las Vegas. Honda held the demonstration in conjunction with Visa Inc., Gilbarco Veeder-Root, which …
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9 January
With Apple on Its Board, the ETA’s Leadership Increasingly Tilts Towards Tech
Founded in 1990 as the national trade group of independent sales organizations, the Electronic Transactions Association is taking on a decidedly technology-oriented hue as the payments industry rapidly evolves. The ETA announced last week that an Apple Inc. executive was elected to a two-year term on its board of directors, …
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9 January
Global Payments Reports 2Q Results and other Digital Transactions News briefs
• The Second U.S. Circuit Court of Appeals rejected a U.S. Department of Justice request to reconsider a decision by a three-judge panel of the appellate court that, by reversing a lower-court ruling, allows American Express Co. to prevent its merchants from encouraging customers to use lower-cost forms of payment than …
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9 January
Supreme Court To Hear Free-Speech Argument Against New York’s Surcharge Ban
By Jim Daly@DTPaymentNews For the second time in less than two months, a major payments case is coming before the Supreme Court. On Tuesday, lawyers for merchants and the state of New York will argue before the eight justices over whether the state’s ban on credit card surcharges constitutes illegal …
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9 January
First, the Binge, Then the Hangover. On Tuesday, ‘Chargeback Day’ Hits Merchants
By John Stewart @DTPaymentNews Merchants are quite familiar with days like “Black Friday” and “Cyber Monday,” but now they’re waking up to a much less joyful day—“Chargeback Tuesday.” It’s the day when merchants, and online sellers in particular, get hit with the highest number of chargebacks they’ll see in a …
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6 January
The ETA Names 2017 Board Members and other Digital Transactions News briefs
• The Electronic Transactions Association announced its 2017 board of directors and officers, including Jeff Sloan, CEO of merchant processor Global Payments Inc., as chairman and president. An Apple Inc. executive also is serving a two-year term on the board—Eric Hoffman, director of Internet software and services. • The Federal Trade Commission is challenging the public …
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6 January
Wal-Mart And Visa Come to Terms, Ending a Months-Long Ban on Visa at Canadian Stores
One of the most intense battles yet seen over card-acceptance costs is over. Wal-Mart Stores Inc. announced late Thursday it has ended its ban on Visa Inc. cards at 19 Canadian stores as of Friday. “We have come to an agreement with Visa which allows us to continue offering Visa …
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6 January
Unique IDs, Easier Checkout, And Marketplaces Are the Top Payments Trends: Report
Efforts to create unique identification markers for consumers across different merchants will be a challenge for many merchants this year, SIX Payment Services, the payment-processing arm of SIX, operator of Switzerland’s financial-market infrastructure, notes in a report released Wednesday. “Some payment-service providers are working on the idea of introducing a …