Operation Choke Point, the federal governments initiative to use the payments industry to thwart merchant fraud, is making ISOs and agents cope with lawsuits, subpoenas and uncertainty. more »
The Justice Department's Operation Choke Point isn't really about combatting fraudregulators simply don't like high-risk merchants, says the ETA's Jason Oxman. more »
Clearent processed $4.4 billion in transaction volume last year, an increase of 61% over the previous 12 months. more »
BitPay, a Bitcoin merchant services provider, has launched a referral program to provide incentives to digital currency enthusiasts who sign up small merchants.
American Express network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court.
U.S. consumers, whose use of revolving debt fell by more than 15% once the Great Recession hit, are finally re-embracing the credit card.
Optimistic predictions aside, many Americans remain unaware or even skeptial of paying with their smartphones.
The decision to deploy EMV chip-and-signature credit cards in the U.S., instead of the chip-and-PIN model common in other countries, has a lot to do with technology constraints.
A veteran acquiring executive describes recent changes at First Data Corp. as the awakening of a sleeping giant.
Independent Resource Network Corp., a Westbury, N.Y.-based ISO, has agreed to pay $400,000 and waived its right to funds in a merchants reserve account to settle a civil suit.
Using President Teddy Roosevelts Square Deal as inspiration, API Software Inc. has created an app ISOs can use to help merchants tabulate the best payment services deals.
Although smartphones and tablets are capturing the imagination of consumers, we havent even begun to relalize their potential value for merchants.
The financial services industry sets the pace for technology innovation. Wall Streets role as an allocator of capital and the industry's need for massive amounts of data have a lot to do with that..
VeriFones second quarter revenue increases signal the company is heading in the direction CEO Paul Galant envisioned when becoming the head of the terminal maker in October 2013.
A company called Credorax aims to make cross-border e-commerce transactions easier for merchants and ISOs.
The days of salespeople peddling point of sale terminals by simply pulling hardware out of a box are numbered.
Acquirers should become experts on point of sale equipment and software that helps merchants operate more efficiently, an upcoming report says.
Data thieves are building diversified portfolios, generating varied revenue streams based on the type of consumer credentials they can compromise through their breaches.
New software called Pegasus, like the winged horse of Greek mythology, helps ISOs control just about every aspect of their relationships with merchants.
EMV-chip cards might not become ubiquitous in United States until 2018 because no ones teaching merchants and consumers about the technology, according to a new report from Javelin Strategy & Research.