Visa and MasterCard agreed to cut their interchange rates in Canada by about 10 percent, to 1.5 percent on consumer credit cards, for the next five years, in an attempt to appease Canadian government regulators. Get the Full Story Complete the form to unlock this...
When Apple insists on its cut from Apple Pay transactions, it’s not kidding. According to details from a leaked copy of the contract, Apple can request a written certification that the amounts are accurate and if they dispute it, they get to hire an auditor....
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. Get the...
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...
Person-to-person payments startup Tip.ly has launched a new service for tipping: Just snap a picture of the tip’s recipient and Tip.ly will handle the rest, according to VentureBeat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The San Francisco 49ers have gone live with a network of beacons that covers all 1.85 million square feet of their football stadium, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A bipartisan group of U.S. House representatives have asked eBay some pointed questions in the wake of the massive data breach the company announced in May — and for now, at least, eBay has satisfied the lawmakers, according to eCommerceBytes. Get the Full Story Complete...
B2B data analytics specialist Madison Logic on Monday (Nov. 3) launched a sister company after “outpaced revenue expectations,” the company said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
