Pricing

The National Retail Federation and the Merchants Payments Coalition have lined up against the Federal Reserve, arguing that while a rate reduction on debit card transactions is welcome, the Fed’s proposed pricing does not go far enough. The two industry trade groups sent their respective letters to the Fed on …

When cryptocurrency prices rise, spending may dip, but only for a short time before users accelerate their purchases with Bitcoin and other digital coins, according to a report released Thursday by BitPay Inc., an Atlanta-based payments-service provider for crypto users and crypto-accepting merchants. The ”2024 BitPay Spending Report,” which covers …

Chase, the banking arm of giant JPMorgan Chase & Co., introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time …

The war over the proposed Credit Card Competition Act shows no signs of abating as combatants on both sides of the fence continue their efforts to sway legislators and public opinion on the matter of card-acceptance costs. The latest battle centers on data from payments consultancy CMSPI that says merchants …

Quickcharge, a division of Transact Campus Inc., completed an integration of Amazon.com Inc.’s Just Walk Technology at St. Joseph’s Hospital in Tampa that enables employees to use their badges to pay for food and beverages. Payments processor Elavon said it is expanding a partnership in Europe with commerce-technology platform FreedomPay to include …

(Editor’s note: This is Part II of a two-part article. Part I appeared Thursday.) Interchange fees paid by merchants are the credit card industry’s second-largest revenue source. For debit cards and neobanks, these fees are a primary revenue source. The 2010 Dodd-Frank Act imposed price controls on debit interchange fees …

As restaurants turn to surcharging and dynamic pricing to offset rising operating costs, consumer backlash is raising concerns the practice could negatively affect customer loyalty and ultimately, restaurant profits. The backlash comes hard on the heels of the Electronic Payments Coalition’s attacks on restaurant surcharges and other price increases. The …

Bitcoin was designed to be a medium of exchange, like dollars, but it has become over time more like an investment, such as gold. Now, Bitcoin investors and consumers alike face an event that will significantly affect the value of their holdings, drive up Bitcoin’s price, and affect the digital …

A trade group representing card networks and issuers is taking aim at restaurant surcharges and price increases by large grocers as part of its efforts to defeat the Credit Card Competition Act. The Electronic Payments Coalition’s first salvo in its new campaign against the CCCA was fired last week. In …

Processor Nuvei Corp. launched a financing option to allow client merchants to make invoice payments through their enterprise resource planning (ERP) platforms. Health and beauty retailers lead all sellers in adoption of gift cards, followed by general merchandise retailers and sporting-goods stores, according to scores developed by Blackhawk Network and NAPCO Research …