Under an EU deal struck Wednesday (Dec. 17) between lawmakers and the EU Council, payment-card interchange fees will be capped at 0.2 percent for debit and 0.3 percent for credit transactions, Reuters reported. Get the Full Story Complete the form to unlock this article and...
Credit-card spending, which fell during the first three months of 2014, rebounded in the second quarter, according to a quarterly report by the American Bankers Association released Wednesday (Dec. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
A Virginia bank quickly shut off the ability of many of its customers to withdraw money from ATM machines after skimming devices were found in some ATMs and at local gas stations, according to the Richmond Times-Dispatch. Get the Full Story Complete the form to...
When a federal banking regulator insists that a bank official handed over data under investigation, what obligation does that regulator have in protecting that data? That’s what the Palm Springs Federal Credit Union is asking, after a flash drive containing member names, addresses and Social...
While not all merchants, consumers and other stakeholders are completely on board with Apple Pay™, it undoubtedly got a lot of things right – enough to possibly speed up adoption of mobile payments as a whole. But the new payment program specifically excludes one major...
eBay on Tuesday (Dec. 16) announced that 80 small businesses in Brooklyn have joined the eBay Local program. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
ACH has for a long time been a critical part of the payments ecosystem. But according to Chris McNulty, Group Executive, TSYS Merchant Solutions, it’s been predominantly popular in non-physical environments. Now, merchants in the non-traditional B2B retail space are those who are most interested...
When it comes to electronic card payments, driving demand among consumers and businesses can take a great deal of innovation, says Eric Mettemeyer, CEO of Store Financial. And B2B supplier virtual cards are seeing the most velocity and activity, he says, because there continues to...
NFC. HCE. EMV. “B4B” payments. What will be the next payments trend or fad? To get their perspectives on this year and predictions on next, PYMNTS talked to 12 innovators on what has most impacted their business in 2014, and what will and won’t be dominating...
