Digital Transactions Authoritative, insightful and timely information for payments professionals
Many community bankers say their payment revenues are declining, and they are bracing for hits from higher expenses from complying with regulations and from fraud while at the same time trying to ramp up new services such as mobile payments. The findings come from the Independent Community Bankers of …
October, 2011
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13 October
ATM ISOs Sue Visa And MasterCard over Surcharge Restrictions
A trade group of ATM independent sales organizations on Wednesday filed a proposed class-action lawsuit against Visa Inc. and MasterCard Inc. alleging that network rules illegally forbid them from imposing lower surcharges for ATM transactions that go over the rails of unaffiliated electronic funds transfer networks. Those anti-discrimination rules require …
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12 October
Partisans Quickly Take Sides Over Plan To Repeal the Durbin Amendment
The unceasing controversy over the Durbin Amendment and its debit card interchange price controls continued Wednesday when two members of Congress declared they would introduce legislation to repeal the measure. The Republican-controlled House of Representatives might very well pass the bipartisan proposal, but its survival chances are much lower in …
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12 October
PayPal Access Debuts to Streamline User Enrollment on E-Commerce, Mobile Sites
n To use PayPal Access, a site must sign up for a PayPal account but is not obliged to accept PayPal. The new system then gives the site access to some 100 million active PayPal users, who can control how much information they want to share. If a user …
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12 October
PayPal Plans to Issue a Card for POS Use Starting First Half of 2012
PayPal Inc., a dominant processor of e-commerce transactions, has made no secret lately of its ambitions to move into the world of brick-and-mortar commerce. The only missing element was a physical token that account holders could use at the point of sale. Now it appears that void will soon …
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10 October
Durbin Continues Blasting BofA Debit Fee with ‘No Way BofA’ E-mail Campaign
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7 October
A Vending Machine Payment Processor Hopes To Preserve Interchange Incentive
Apriva Inc., a major processor of payment transactions from vending machines, this week told machine owners that it is working to assure their card-acceptance costs will remain stable despite the uncertain status of a program it has with Visa Inc. that gives them an interchange break if they install hardware …
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6 October
New Figures Show How a Handful of Players Dominate the Acquiring Business
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5 October
Yet Another New IRS Tax-Reporting Revision Adds to Acquirers’ Burdens
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4 October
Durbin Casts a Wary Eye on Rising Small-Ticket Debit Interchange
U.S. Sen. Richard Durbin on Tuesday said he is aware that new Visa and MasterCard interchange schedules will cause some merchants to pay much more in interchange when a consumer uses a debit card from a big bank to pay for small purchases. Durbin said the Federal Reserve Board should …