How Visa’s New Network Fee Can Bring New Credit Risk for Acquirers

Visa Inc.’s complicated new Fixed Acquirer Network Fee, or FANF, has caused considerable head scratching if not outright consternation for merchant acquirers, independent sales organizations, ...

September 6, 2012 | Posted in News Read More


When Will Your Smartphone Really Replace Your Wallet?

NFC. The iPhone 5 and Passbook. Google Wallet. Square. PayPal. Every day brings news of new developments in mobile payments and mobile-pass technology. So when ...

September 5, 2012 | Posted in News Read More


Quiet During the Wallet Wars, Visa Readies V.me for a Year-End Rollout

With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but ...

August 30, 2012 | Posted in News Read More


iPhone 5 not likely to support NFC

Until recently, the Apple rumor mill suggested the next iPhone would include a near-field communication chip for short-range wireless transactions. Another turn of the wheel, ...

August 28, 2012 | Posted in News Read More


Green Dot Inks Prepaid Partnership With Sallie Mae

In an effort to make up for some of the shelf space it could soon be losing at big-box retailers, Green Dot (GDOT) is partnering ...

August 22, 2012 | Posted in News Read More


Major retailers to launch mobile app for payments

No one, it seems, wants to miss the mobile payment revolution. A new service — to be created jointly by Wal-Mart, Target and other retailers ...

August 15, 2012 | Posted in News Read More


Fed Issues Final Interchange Rule on Fraud Pricing

WASHINGTON — The Federal Reserve Board approved a final rule on debit card interchange fees to make an adjustment for fraud-prevention costs. The amendment to ...

July 30, 2012 | Posted in News Read More


Global To Provide New Breach Details

Global Payments Inc., the Atlanta-based payments processor that on April 2 revealed its systems had been breached, this week will provide an update about its ...

July 24, 2012 | Posted in News Read More


Breach Hits Credit Card Processor Global Payments

Concerns about credit-card security heightened Friday after a little-known Atlanta company disclosed it had been hit by hackers, potentially exposing hundreds of thousands of account ...

March 30, 2012 | Posted in News Read More


Bank of America, Citigroup Face Billions In Losses in Antitrust Case

Private antitrust litigation pitting some five million retailers against Visa, MasterCard (Symbol: MA), and 13 large banks, including Bank of America (Symbol : BAC) and ...

January 13, 2012 | Posted in News Read More