The UK Payments Council ‘The way we pay’ report 2013 suggests beginning of end for debit cards
by Kylene Casanova
The Payment Council's report on the way the UK pays always makes interesting reading. Some of the key findings from the report are:
Card Payments at POS
Background
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 moreLegal settlement kicks in: US merchants can now charge for credit card transactions
by 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
Card acceptance boosted by Citibank India’s use of mobile phone card acceptance system
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
Office Depot adds PayPal as an online payment option. Is it time to add PayPal to cards accepted at
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.
Card acceptance points: Visa maintains global lead over MasterCard
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
Globally debit card share continues to grow and Brazil is 3rd biggest payment market
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
ECB survey: non-cash payments on the rise in EU
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
Square introduces monthly pricing
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.
Cash is the fall back, cash is king
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
BofA Merrill expands Commercial Card coverage
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.
Visa, MasterCard, banks in USA in $7.25 billion retail settlement over fixing credit and debit card
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
EMV Chip and PIN is finally coming to the USA and the consequences are…
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
Barclaycard releases latest version of ePDQ payment processing system
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.
Costs of payment collection at point of sale in UK: cash is cheapest and is, on average, 24 times ch
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
Contactless card usage and functionality is growing in UK, but very, very slowly
by Kylene Casanova
Today, upgrades begin across UK retailers and vending machines to raise the contactless card payment limit to £20 from £15.
At POS in the USA the Dodd-Frank Act increases savings from debit cards
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.
Contactless cards and payment are not popular ..... yet
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