Payments News

On The Web

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Providers

Banks And Non-Banks Play to Their Strengths As They Eye a $1.2 Trillion P2P Market

Digital Transactions News - "The P2P payments arena is hotly contested, with bank providers such as JPMorgan Chase & Co., Capital One, USAA, and Bank of America—all participants in Zelle, a soon-to-be-launched P2P service—contending for adoption with entities such as PayPal Holdings Inc.’s Venmo, Square Cash, and Facebook Messenger. Popmoney, a P2P service from Fiserv Inc., also is popular with banks."
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Providers

Surcharging and Cash-Discount Programs Continue To Attract ISOs

“Surcharges and discounts for cash aren’t brand-new pricing tactics, but interest in them by independent sales organizations is rising because of falling legal barriers and the potential  profits. Repeated sessions about the topic were packed Thursday at the Western States Acquirers Association annual conference in Scottsdale, Ariz. The presenter was Ryan Sills, director of risk and compliance […]

On The Wires

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Providers

Retailers Promise Fight to Keep Swipe Fee Reform as Financial CHOICE Act Heads Toward Full House Vote

"Today, the Retail Industry Leaders Association (RILA) responded to the House Financial Services Committee's markup of the Financial CHOICE Act, legislation that would roll back many of the financial reforms passed in the wake of the financial meltdown in 2008. Retailers have vowed to fight any financial reform bill that repeals swipe fee reform, bipartisan legislation passed in 2010 that stopped large banks and card networks from charging merchants exorbitant fees on debit card transactions."
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Providers

Paysafe Unveils Same-Day Merchant Settlement

“Paysafe, a leading global payments provider, announced today that it will begin offering same day settlement in mid-July to small business merchants based in the U.S.  It will do this through partnership with Company.com LLC, a small business products and services platform, and instant money technology company, Ingo Money. … Through this new dual collaboration, Paysafe will be […]