Visa announced a new fixed acquirer network fee policy recently which will take effect next April. Targeted at aggregators, instead of combining merchants under a single tax ID, aggregators must use individual tax IDs for each merchant. Who’s going to be helped or hurt?
Capitol One Financial Corporation and Kohl’s department stores have announced a multi-year extension of their their private label credit card program agreement. The extension comes several years in advance of when the contract is set to expire, and serves a strong vote of confidence between the two...
Frustrated with Japan's centralized, primarily in-house card-issuing market, TSYS has decided to leave the country and focus its efforts on other business opportunities. In recent short order, the processor has landed a number of major deals, including with the UK's Virgin Money and a partnership...
Contact: Eileen Goode PYMNTS.com 339-832 4794 egoode@pymnts.com PYMNTS.com Launches the Bitcoin Price Index and the Bitcoin Volatility Index Rising concerns over bitcoin trading prompt leading finance experts to develop indices that track movements in this most rapidly growing alternative currency BOSTON, April...
By Jeffrey Green (@epaymentsguy) Payments processor Heartland Payment Systems Inc., which over the past few years has acquired various companies to help build its School Solutions and Campus Solutions businesses, on April 10 continued on that track with the acquisition of MCS Software. The Madisonville,...
Yotpo, an Israel-based startup that lets businesses integrate social media into on-site product reviews, has raised $10.7 million in a Series A funding round. The Wall Street Journal reported that the startup, founded in 2011, received funding from Olive Jung, 2B Angels, Rohdium and Gandyr...
Annual mobile retail purchases will surpass $700 billion by 2018, a new report suggests. This amount will account for roughly 30 percent of all eRetail purchases in that year, Juniper Research predicts. In 2012, $182 billion was spent on mobile retail purchases, or about 15...
MasterCard has acquired Provus, an independent payment processor based in Turkey, the payment card network announced. Neither MasterCard nor Provus disclosed the terms of the sale. Founded in 2001, Provus is based in Istanbul. The acquisition is designed to strengthen MasterCard’s presence in the region....
Spindle has finalized its acquisition of Yowza!!, a mobile couponing service, the mobile-commerce solutions provider announced. Spindle plans to integrate Yowza!!’s mobile-coupon technology with its own system, according to a Jan. 6 press release. “We are delighted to complete the acquisition of Yowza!!, which positions...
