Pricing

Not many merchants are doing it yet, but surcharging credit card transactions will soon gain more acceptance as businesses do whatever they can to reduce their card-acceptance costs. That’s the expectation of merchant-processing executives who participated in a panel Tuesday at the Southeast Acquirers Association annual conference in Orlando, Fla. …

If the payments industry needed further evidence that the EMV frenzy unleashed in the United States in 2015 is cooling off, it can find it in the fourth-quarter 2017 and full-year results posted Monday by CPI Card Group, one of the country’s chief manufacturers of chip cards. U.S. sales of …

In an effort to make its cards more financially attractive to merchants, American Express Co. plans to cut its worldwide discount rate by potentially up to three times the level it had previously predicted for 2018. AmEx, generally the costliest of the major card brands for merchants to accept, typically …

Bitcoin as a payment method may have its critics, but apparently some state governments looking for new ways to collect taxes aren’t too concerned. Illinois is now the third state to introduce legislation that would clear the way for citizens to pay their obligations with cryptocurrency, joining Arizona and Georgia. …

The Canadian Federation of Independent Business announced Monday an agreement with JPMorgan Chase & Co.’s Chase Merchant Services that the trade group of small and medium-sized merchants says could bring cuts of nearly 50% for accepting American Express Co. cards to its 110,000 members. The Toronto-based CFIB said Chase, its …

It doesn’t get a lot of attention in these days of EMV, mobile payments, and digital currency, but carrier billing, one of the oldest forms of digital payments, is poised for growth. Total payment volume globally will triple by 2022, rising from $2.9 billion last year to $9 billion, according …

As the new year eases well into its second month, here are five important technology developments that will shake up key payments markets in 2018. B2B payments will finally go digital Perhaps further behind in the fintech curve than they should be are business-to-business payments. This is often attributed to …

The stock market may have tumbled this week, but cryptocurrencies are enjoying a generalized comeback. All of the 10 largest currencies by market capitalization are up since early in the week, with third-ranked Ripple’s XRP token surging 20% just since late Thursday to lead the pack, according to Coinmarketcap.com. It …

Curiosity, and a bit of confusion, about what constitutes credit card surcharging and cash-discount programs surfaced this week at the Northeast Acquirers Association annual conference in Uncasville, Conn. During a panel discussion about the benefits and challenges of credit card surcharging and cash-discount programs for merchants, participants explained how their …

Long confirmation times and hefty transaction fees have pushed some Bitcoin backers to back away from the digital currency in recent weeks, but now there are signs that one of those problems is easing significantly while the other is growing much worse. The median transaction fee stood at $5.69 as …