American Express is about to launch a $10 million campaign aimed at helping small U.S. retailers meet the October 2015 deadline for installing EMV chip-and-PIN point-of-sale terminals, Business Solutions reported. Under the program, which starts in February, Amex will reimburse small merchants $100 after they...
Alibaba is discovering that the Chinese and U.S. E-Commerce marketplace present their own set of challenges, particularly when looking at the urban versus rural market audiences, but the Chinese E-commerce giant believes tapping into a niche market, like farmers, can help boost its online users and sales growth....
Officials with the not-yet-launched CurrentC mobile payment app from MCX have started trying to defend their app from comparisons with Apple Pay, saying that many of the unkind comments about CurrentC are not true. MCX COO Scott Rankin told USA Today, for example, that reports...
Small-merchant loyalty program startup Thanx launched on Tuesday (Nov. 4) with $4.7 million in funding from Sequoia Capital and partnerships with Visa, MasterCard and Apple Pay — making it the only rewards provider that works with Apple’s mobile payment system, according to TechCrunch. To streamline...
Best Buy is reportedly switching its credit-card processing partner to Visa from MasterCard, according to Bloomberg. Visa CEO Charles Scharf told analysts during an earnings call last week that “we’ve agreed to terms to move a significant consumer credit co-brand from a competitor to Visa,”...
With Apple Pay and its fight with big-retailer-backed CurrentC grabbing headlines, San Francisco mobile-payments startup Kash thinks it can win over merchants by reducing interchange fees while dodging a requirement for NFC-enabled phones. The company said on Tuesday (Nov. 4) it has raised $2 million...
As companies get increasingly nervous about data security on B2B transactions, the PCI Council is offering some guidance about the need for merchants to better train employees and increase awareness about security protocols. Providing resources to make companies compliant and implementing security training with structured employees...
Heartland Payment Systems‘ third-quarter earnings Friday (Oct. 30) coincided with the announcement that it would be acquiring Xpient Solutions, a enterprise-level restaurant POS software service — a move that CEO Robert Carr said would better position Heartland continuing growing the core of its business. “Their POS...
A volley of accusatory news releases and letters to Congress between groups representing major retailers and credit unions has erupted, with each side accusing the other not doing enough to defend against cyber attacks and other payment card data threats. It started with a letter...
