After several days of defensive interviews about merchant restrictions and an E-mail data breach, the CEO of MCX is finally talking up advantages for shoppers to try the CurrentC system to be rolled out next year. “When you go to the gas station today, you’ll...
Taking a page from McDonald’s legendary XX billions of hamburgers served signs, Square founder Jack Dorsey tweeted on Wednesday (Nov. 5) that a Sacramento merchant has recently accepted Square’s one-billionth swipe through Square. The tweet, sent in the early afternoon, is an impressive datapoint for...
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...
Now in its 4th year, TSYS Consumer Payments Survey had its share of surprises. Like consumers now prefer credit to debit when shopping online and rewards will get them to switch to a new card issuer. Sign of the times (people feeling better about credit...
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...
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....
A new, flashy and powerful competitor entering any arena can have any number of effects on the gladiators already slugging it out, a situation that the announcement and launch of Apple Pay has illustrated in real-time in payments over the last ten or so weeks....
A “major flaw” has been discovered within Visa contactless cards, where thieves in the U.K. were to sidestep a £20 limit and charge as much as £999,999.99 as long as they chose the option to select a foreign currency, according to a report in The...
Whoever said there’s no such thing as bad PR obviously wasn’t on the receiving end of the whooping that Rite Aid, CVS and CurrentC took last week over their decision to turn off support for Apple Pay in their stores. It’s unlikely that anyone thinks...
