Pricing

While credit cards are the most common way small businesses pay for a purchase, a growing number are embracing buy now, pay later loans as a payment option. At the same time, many small businesses are opting not to pay by card in order to avoid a surcharge, finds J.D. …

As the dust settles around the latest settlement agreement in Visa Inc.’s and Mastercard Inc.’s long running legal battle with merchants over card-acceptance fees, how the offer will impact the payments industry is coming into focus. Early reaction to the agreement from payments experts is that interchange relief will be …

Defendants in the long-running legal battle over merchants’ card-acceptance costs officially filed an Amended Settlement Agreement Monday. The agreement, filed in the United States District Court for the Eastern District of New York, will provide plaintiff merchants meaningful relief by remedying the concerns expressed by the court over a previously …

Merchant organizations contend an expected settlement offer in their ongoing, two-decades-old lawsuit against Visa Inc. and Mastercard Inc. over card-acceptance fees does not address the underlying problem that leads to high card-acceptance costs in the first place. Merchant opposition surfaced over the weekend after a story in The Wall Street …

PAR Technology Corp., a provider of payments technology to restaurants, said Krystal Restaurants LLC has opted to use PAR’s Punchh loyalty technology to support its recently introduced Club Krystal program. Krystal operates close to 300 locations in 11 states. Payments-technology platform Yeeld said it has expanded its surcharging service to Canada for …

Processor FIS Inc. said it will soon release Smart Basket, technology designed to automatically optimize rewards and payment methods at checkout. Mastercard Inc. and Visa Inc. reached a proposed settlement of $199.5 million in a class action lawsuit a group of merchants filed almost 10 years ago, Reuters reported. The settlement still requires …

Merchants caught up in three pricing class-action lawsuits involving Discover Financial Inc. have a proposed settlement to evaluate, according to a notice from the U.S. District Court for the Northern District of Illinois. Announced Thursday, the settlement could see eligible merchants receive payments for Discover-issued consumer credit cards that were …

Six months after issuing an API code to enable surcharging for online transactions, Chicago-based Yeeld released YeeldPay, its surcharging program for merchants. Yeeld says YeeldPay is a no-code payment page that provides merchants across the United States with a compliant surcharging program that, because it uses the Yeeld Surcharging API, …

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 Judge Daniel …

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 …