The use of payment cards is growing faster worldwide than any other major payment system. In many developed countries, by value, payment cards are used for the majority of payments at point of sale…
Read moreby Kylene Casanova
Retailers in 40 US states can now charge up to four percent extra when consumers pay for goods and services with a credit card. The new service fees would potentially cover the merchant's cost of processing the cred
by Kylene Casanova
Citibank India has teamed up with a local tech firm Ezetap on a Square-like App and reader-based system for turning mobile phones into card payment acceptance devices which will make it much easier for merchants to
by Kylene Casanova
The growing presence of PayPal, who currently have 117 million active registered accounts worldwide and is available in 190 markets, is shown by Office Depot accepting PayPal at the online point of sale.
by Kylene Casanova
The recent Retail Bank Research report on the merchant points accepting cards showed that there are 31 million card accepting outlets world-wide. Visa and MasterCard cards are accepted at over 27 million outlets, fa
by Kylene Casanova
Debit cards continue to gain market share from credit cards, and the use of electronic and mobile payments continues to show exponential growth concludes the World Payments Report 2012 released today by Capgemini, R
by Kylene Casanova
More than 90 billion non-cash payments were made in the EU last year, nearly five per cent up on 2010 thanks to rising use of credit and debit cards, according to European
by Kylene Casanova
Square commenced their merchant services in the USA with a flat 2.75% fee per swipe for mobile payments enabling anyone to accept credit and debit cards.
by Kylene Casanova
Fans attending the London Olympics football match between Team GB and the United Arab Emirates (UAE) at Wembley Stadium found that they could only purchase food and drink for cash after their card payments were reje
by Kylene Casanova
New York and London: BofA Merrill today announced that its card solutions are now available in Argentina, the Czech Republic, Finland and Poland, as well as the Scandinavian countries of Denmark, Norway and Sweden.
by Kylene Casanova
Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest
by Kylene Casanova
Most of the world has fully migrated, or is in the process of migrating to EMV Chip and PIN technology for debit and credit payments, according to EMVCo. At 4Q 2011 45% of cards were EMV compliant and 76% of termina
by Kylene Casanova
Barclaycard Global Payment Acceptance has launched a new version of its ePDQ payment processing system, which enables small, medium and large UK merchants to accept payments online or via telephone.
by Kylene Casanova
The British Retail Consortium (BRC) has been conducting their annual Cost of Payment Collection Survey, since 1999, of their members' costs of payment collection to provide participant members with key benchmarking
by Kylene Casanova
Today, upgrades begin across UK retailers and vending machines to raise the contactless card payment limit to £20 from £15.
by Kylene Casanova
In the Dodd-Frank Act, the Federal Reserve Bank was tasked with setting debit card swipe fees that are reasonable and proportional to the issuers costs.
by Kylene Casanova
Even though McDonald's have rolled out many merchant POS terminals that can read contactless cards and at present a third of their customers pays by these cards
