UBS On Apple Pay: Drinking The Merchant Kool-Aid
The “additional value” of mobile payments is to consumers, who can get electronic receipts, and real-time insight into spending habits and account balances. Both retailers and banks are in a position to provide that kind of value. That's what a “mobile …
Read more on The Financial Brand

Payments Business Will Bypass Banks, Says Adyen Boss
In essence, Adyen takes over the role banks play in handling payments for merchants. It offers tools and services to accept and process payments and transfers the funds from the consumer's account to the merchant's accounts at Adyen. The company, which …
Read more on Wall Street Journal (blog)

Tampa man who cheated Apple gets prison time, ordered to give back money
Parrish had at least three Chase debit cards and one SunTrust debit card — all associated with closed accounts — that he used to buy expensive electronics, to rent cars and to stay at hotels. When the canceled debit cards were declined by a merchant, …
Read more on Tampa Bay Business Journal

Rough Week in Retail as JCPenney, Macy's Close Stores – as do Gators, Seals …
Together, the 14 stores being closed account for approximately $ 130 million in annual sales, some of which is expected to be retained in nearby stores and with online/mobile sales. In addition, Macy's and Bloomingdale's will be adjusting certain …
Read more on CoStar Group

Cubits Launch Aims to Accelerate Bitcoin Buying in Europe
The first products based on the new platform are a consumer-focused wallet and a merchant payment system called Cubits Pay, which have been in beta since October last year. The company … If the account is already funded, the exchange is instantaneous.
Read more on CoinDesk

Just Got Engaged? Credit Card Offers You Should Consider
Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or …
Read more on NerdWallet (blog)

Is ACH Crucial To Future Payments Innovation?
I define omnipayments as the ability for merchants to accept payments in a variety of ways under one merchant account. Today, many merchants want to accept payments ubiquitously in multiple ways, leveraging tools whether they be tablets, mobile phones, …
Read more on PYMNTS.com

Merchants' Choice Payment Solutions Partners With CardFlight for Customized …
CardFlight is a leading provider of mobile POS technology and tools that makes it easy for anyone to accept swiped card-present payments in any mobile app with virtually any merchant account. They offer both turnkey mobile applications and robust …
Read more on PR Newswire (press release)

Coin, Wocket, Plastc: The all-in-one cards trying to sprint ahead of Apple Pay
In most cases, credit card information is just being transferred to the merchant's terminal like it would be through a traditional magnetic stripe card. The difference is that Coin, Wocket, and Plastc have all integrated security features that are …
Read more on Ars Technica

MiFID II, MiFIR, Block Trade Washes, AlphaMetrix, Charges for Cash, Bitcoin …
No intermediated clearing through a futures commission merchant will be permitted. Before any order of a participant is effectuated, the participant must have all necessary funds in an approved depository account or collateral in the form of the …
Read more on The National Law Review

TransFirst Named Eighth Best Merchant Service by topcreditcardprocessors.com …
The recommendations are updated monthly to account for the latest developments within the industry. In order to obtain a more in-depth outlook of the service, the topcreditcardprocessors.com research team also communicates with customer references.
Read more on Digital Journal

Samsung Sees Role as Third Player in the Credit Card War
“One less thing to carry is one less thing to worry about or lose,” Graylin writes. “They want to use the cards they already have, at their favorite merchants, on the devices they own. Their wallet account is personal. It should belong to them, and not …
Read more on Tech.pinions

Pros and cons of the top mobile payment systems
With Apple Pay, the phone unlocks automatically when you hold it near the NFC (near-field communication) reader on the merchant's payment system. You're then … Pros: You can make payments through your bank account, not just cards. You can also send …
Read more on Philly.com

KARE 11 Investigates: How thieves can easily steal your ID and credit
If Rob Olson hadn't gotten suspicious, the crook could have set up a business account that would let him ring up hundreds of phony credit card charges on his merchant account and pocket the stolen money. "And they'll do this until the wheels fall off …
Read more on KARE

Residents targeted by credit card scammers
When the wife contacted Ipayment to inquire about the account, she was told that a business account was opened under Timberwood Construction in September. The woman told the deputy that although the account was opened using the correct address, …
Read more on Coeur d’Alene Press

KKR third-quarter earnings beat expectations amid surge in cash
Its economic net income (ENI), a metric of profitability that takes into account the mark-to-market valuation of the portfolio, was $ 419 million on a post-tax basis, down from $ 571 million a year ago. This translated into … KKR's divestments in the …
Read more on Reuters

Google PLAs Get Automatic Item Updates
Google announced the launch of automatic item updates for Product Listing Ads. This enables changes made on your website to be reflected automatically in your ads. With the holiday season approaching, and businesses preparing to offer numerous deals …
Read more on WebProNews

American Express OptBlue: Negotiating Processing Rates
In “American Express OptBlue Program May Reduce Processing Cost,” my article in July, I explained how the new OptBlue program could reduce processing rates for ecommerce merchants, as it allows merchant account providers to set the rates and fees …
Read more on Practical Ecommerce

The new Bitcoin ATM: No cash in, no cash out
Instead, the account opening process involves purchasing an NFC-enabled Bitcoin debit card for 5 Australian dollars ($ 4.36). While purchasing a Bitcoin card, Diamond Circle ATM users can also purchase bitcoins to put in it using a credit … The …
Read more on ATM Marketplace (press release) (blog)

Atlanta-based BitPay hooks up with PayPal to expand bitcoin adoption
Merchants using Payments Hub can create a BitPay merchant account. PayPal customers with a bitcoin wallet will then be able to pay with bitcoin for games, music, videos, news, ebooks, and other digital content. “PayPal's Payments Hub is the ideal first …
Read more on Atlanta Business Chronicle (blog)

Payments Processor Braintree Confirms Bitcoin Integration Rumors
In its blog post regarding the announcement, Coinbase indicated that Braintree businesses will need to open a new merchant account with Coinbase in order to complete the integration upon its release. However, Braintree merchants that want to get in …
Read more on CoinDesk

How Main Street Will Pay for Home Depot's Data Breach
When a credit-card company identifies fraud, it wipes the payment off the cardholder's account and notifies the merchant. Unless the store can prove the payment was authorized, the credit-card company debits money from a merchant's checking account, …
Read more on Businessweek

5 Things the Catalog Ninja is Doing Right Now
As you're looking at item-level usage forecasts, don't forget to adjust your items per thousand orders factors to account for these new items. If you had a $ 49.95 item that will now be priced at $ 52.95 and you've introduced a new $ 49.95 item that might …
Read more on Multichannel Merchant

African Markets – Factors to watch on Sept 9
SOUTH AFRICA – Rand Merchant Bank releases quarterly business confidence index for the third quarter, compiled by the Bureau for Economic Research. … EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest …
Read more on Reuters Africa

iWatch from Apple may mean the end of plastic credit cards
Apple is expected to announce a new iWatch this week, and along with it new mobile payment platform that would be cheaper and easier to use than today's credit-card system. Apple's agreements with MasterCard, Visa, and American Express would allow …
Read more on Christian Science Monitor