Digital Transactions Authoritative, insightful and timely information for payments professionals
Bowing to feedback from small-business users, Intuit Inc. this week added the capability of accepting credit and signature debit cards to its QuickBooks Online product. The new capability allows users to accept Visa and MasterCard cards in addition to the existing ability to accept bank-account transfers through the automated clearing …
Read More »No Effect on Consumer Prices, Says Anti-Durbin Group’s Survey
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Read More »Vending Machine Network Gives MasterCard Debit Cards the Boot
In a marked escalation of a conflict that began when MasterCard Inc. and Visa Inc. raised small-ticket debit card interchange rates, USA Technologies Inc. has stopped accepting MasterCard debit cards in its wireless network of 100,000-plus vending machines and other unattended card-accepting locations. The Malvern, Pa.-based operator turned off MasterCard …
Read More »Merchants File Suit Accusing the Fed of Departing from the Law with Its Durbin Regs
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Read More »USA Technologies a Strikes Small-Ticket Debit Interchange Deal With Visa
Vending machine payment-services provider USA Technologies Inc. has struck a one-year interchange deal with Visa Inc. that allows machine owners to accept debit cards without higher costs. New interchange pricing that took effect Oct. 1 had threatened to raise card-acceptance costs for USA Technologies’ clients by more than 200%. …
Read More »MasterCard Estimates Settlement of Big Interchange Cases Could Cost It $500 Million
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Read More »USA Technologies’ Long-Time Boss Resigns Under a Cloud As Small-Ticket Threat Emerges
George R. Jensen Jr., founder and chief executive of USA Technologies Inc. (USAT), has resigned under a cloud, casting a pall of uncertainty over the provider of wireless payment hardware and networking services for vending machines just as new interchange schedules affecting small debit card transactions threaten to crimp …
Read More »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 …
Read More »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 …
Read More »Durbin Continues Blasting BofA Debit Fee with ‘No Way BofA’ E-mail Campaign
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