Mastercard Inc. is doing away with a rule requiring merchants to get signatures for transactions made with its credit and debit cards in the United States and Canada. Announced early Thursday, Mastercard’s rule change goes into effect April 13, 2018, allowing issuers, merchants, and processors time to make adjustments, though …

JPMorgan Chase & Co. is making a big move into the world of independent software vendors and payment facilitators with a planned acquisition of WePay Inc. that the nation’s largest bank announced late Tuesday. Redwood City, Calif.-based WePay develops payments-related application programming interfaces (APIs) for software developers to put into …

By Caesar Kavadoy, VP of Sales Strategy, Paysafe A majority of payments companies focus solely on pricing and leave it up to the customers to figure out the rest. It’s time to make a change. Sales teams need to take a consultative, solutions-oriented sales approach to the business. If they don’t …

In the age of electronic payments, cash is getting more and more expensive—even when accessed via electronic means. Nationwide, it costs consumers $4.69 to withdraw money from a so-called out-of-network ATM. That’s up 2.6% from a year ago, according to the latest data from Bankrate Inc., a New York City-based …

With the rise of the independent software vendor, do traditional independent sales organizations still have a role to play—and if they do, what is it? That question may have been unthinkable a few years ago, but now some observers see ISVs shoving ISOs aside as they code new applications for …

The nation’s automated clearing house network launches same-day clearing and settlement on Friday for debit transactions, and top officials at NACHA say the Herndon, Va.-based network administrator is making final preparations. “We’re looking forward to tomorrow,” Jane Larimer, chief operating officer and general counsel at NACHA, told Digital Transactions News …

Merchants that process with Vantiv Inc. will have a new option to receive their settlements within minutes in the FastAccess Funding program the processor and program partner Visa Inc. announced Thursday. Merchants typically receive their settlement funds via the automated clearing house, which may take one to three days. Instead …

The number of EMV chip card-accepting U.S. merchant locations reached 2.3 million in June, up from 2.02 million in March and an increase of 77% from 1.3 million in June 2016, according to new figures from Visa Inc. Visa says in its latest EMV report that half of U.S. storefronts now …

Popular with billers, but less so with consumers, electronic bill payment and presentment is enjoying a new lease on life thanks to mobile users. Since its introduction more than a decade ago, electronic bill presentment has been popular with billers eager to take advantage of the cost savings the technology …

EMV is getting faster at checkout, at least for customers. Now, as smaller businesses look to adopt chip card acceptance, swifter transactions may have larger implications. Shoppers who try an EMV card at the checkout counter and are turned off by the tortoise-like pace of the transaction are the bane …