Pricing

Proponents and opponents of the Credit Card Competition Act continue to press their respective cases for passage and rejection of the CCCA by Congress. Late Monday, the Merchants Payments Coalition fired the latest salvo in its campaign to pass the CCCA, a television commercial that literally shows a consumer getting …

Small businesses tend to be less satisfied with their credit and debit card processing than they are with processing for alternative payments, according to a study by J.D. Power. Based on a 1,000-point scale, with 1,000 being the highest score, merchant-satisfaction scores for credit card processing averaged 692, while scores …

Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …

Digital-currency platform Bit.Store launched its Visa Virtual Crypto Card, a prepaid card that can store Bitcoin and offers cashback rewards on transactions. The social-media platform X has reportedly established a “dedicated account” that could transact in cryptocurrency for the platform’s expected peer-to-peer payments service. There has been no official word so far from X, formerly …

Web services and payments provider GoDaddy Inc. released its Tap to Pay on Android point-of-sale service for merchants, complementing the Tap to Pay on iPhone technology it already offers. Tap to Pay on Android enables merchants to use consumer-grade smart phones as contactless payment-acceptance devices without a need for separate …

Having taken aim at credit card late fees and interest rates, and having targeted non-bank digital wallet providers, Consumer Financial Protection Bureau Director Rohit Chopra has now indicated his regulatory agency is turning its attention to credit card acceptance costs. Chopra’s comments Thursday came as the Credit Card Competition Act, …

Citing a payments industry that is united in its opposition to the Credit Card Competition Act, research from the Congressional Research Service questioning the benefits of the legislation, and suspect support for the bill among members of Congress, the Electronic Payments Coalition says it is primed to continue its fight …

The Electronic Payments Coalition has opened a new front in its battle to prevent passage of the Credit Card Competition Act: it’s recruiting social-media influencers to join its cause. In June, the EPC put out a memo on the new tactic as part of its “Hands Off My Rewards” campaign …

With Congress scheduled to adjourn Dec. 15, Sen. Dick Durbin, D-Ill., made a last-minute push on the Senate floor late Thursday, calling for a vote on the Credit Card Competition Act before adjournment. Durbin’s remarks, which also pushed back against arguments by  card networks and card issuers that the proposed …

A new federal lawsuit against Apple Inc. alleges the iPhone maker restricts competition in peer-to-peer payments by hampering rivalry with its own Apple Cash app. The restrictions, the suit charges, include provisions against what the suit calls “feature competition,” such as cryptocurrency payments, that could moderate pricing for peer-to-peer payment …