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Visa Europe Reports 400% Contactless Payments Increase 23 Aug 2013 | 02:44 am
Over the past year, Visa Europe’s contactless transactions have increased by a factor of five in the U.K. Compared with last June’s intake of roughly £9 million, June of 2013 yielded £45.2 million for...
District Court Lowers Debit Swipe Fee Cap 3 Aug 2013 | 03:30 am
The U.S. District Court ruled Wednesday that the Federal Reserve exceeded its powers while determining limitations on debit card processing transaction fees set forth by the Durbin Amendment. Judge R...
New Square Stand Embraces Apple Market 11 Jul 2013 | 02:07 am
Square unveiled its new Stand terminal earlier this week, which is designed to attach to a merchant’s iPad for payment processing anywhere and everywhere. Connecting to an iPad 2 or 3, the Square Stan...
Supreme Court Bars Antitrust Litigation in American Express Trial 21 Jun 2013 | 10:18 pm
A politically divided Supreme Court ruled on June 20 that arbitration clauses were legally binding in American Express v. Italian Colors Restaurant, considerably limiting antitrust and class action re...
Apple Applies for Mobile Payment Platform Patent 12 Jun 2013 | 03:20 am
On June 6th, Apple filed a patent for an extensive pathway that could make the iPhone the most popular mobile payment platform moving forward. By incorporating users’ iTunes accounts, Apple could easi...
Lawmakers In 11 States Introduce Legislation To Ban Passing Credit Card Surcharges Onto Consumers 26 Feb 2013 | 06:30 am
As of January 27th, 2013, Visa and Mastercard are allowing businesses to pass credit card surcharge fees onto customers, breaking a rule both companies have strictly enforced for decades. The change c...
Merchants Will Soon Be Able To Pass Surcharges Onto Customers Using Visa Credit Cards 4 Jan 2013 | 12:25 am
Beginning January 27th, 2013, merchants will be allowed pass surcharges onto customers utilizing a Visa credit card in states that haven’t explicitly made the practice illegal. The change of terms com...
Credit Cards Are Getting Makeovers As Mobile Payments Loom On The Horizon 15 Dec 2012 | 01:40 am
A new poll conducted by market researching firm Harris Interactive has found that American consumers are anticipating mobile payments will replace both plastic cards, and eventually cash. Two thirds o...
Barnes and Noble Announces PIN Pads in 63 Stores Have Been Compromised 24 Oct 2012 | 09:39 pm
The nation’s largest brick and mortar book store, Barnes and Noble, has announced that pin pads on credit card terminals in 63 of its stores have been hacked to steal customer information. The number ...
Visa, Mastercard Settlement Submitted to Judge Gleeson for Approval 20 Oct 2012 | 02:14 am
The Visa and Mastercard $7.25 billion settlement was submitted to United States District Judge John Gleeson for approval, on Friday, in what could end up becoming the largest antitrust settlement in t...
