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....
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...
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...
While there’s been an overflow of Apple Pay chatter in the industry, the 7,500-plus attendees at Money 20/20 in Las Vegas and 20,000-plus attendees at CARTES SECURE CONNECTIONS event in Paris showed there’s plenty of interest from industry CEOS about other payment options, security and mobile innovations. Get...
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....
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American Express has rolled out its tokenization service designed specifically for online commerce and mobile device, the company said in a press release on Monday (Nov. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
