Category Archives: Business
Lawmakers In 11 States Introduce Legislation To Ban Passing Credit Card Surcharges Onto Consumers
As of January 27th, 2013, Visa and Mastercard are allowing businesses to pass credit card surcharge fees onto customers, breaking a rule both companies have strictly enforced for decades. The change came amidst the $7.25 billion settlement Visa, Mastercard and … Continue reading
Merchants Will Soon Be Able To Pass Surcharges Onto Customers Using Visa Credit Cards
Beginning January 27th, 2013, merchants will be allowed pass surcharges onto customers utilizing a Visa credit card in states that haven’t explicitly made the practice illegal. The change of terms comes in the wake of the $7.25 billion settlement that … Continue reading
Groupon Officially Launches Breadcrumb, a Comprehensive Point-of-Sale Solution
Groupon officially launched its new point-of-sale business, Breadcrumb, this week pulling it out of the beta stage and allowing the public to enroll. Breadcrumb acts as a comprehensive business solution, integrating the ability to make reservations, place an order, email … Continue reading
American Express, Walmart Team Up to Offer Pre-Paid Debit Card
Walmart has teamed up with American Express to offer a new prepaid debit card, Bluebird, which they claim is “loaded with features, not fees.” The move comes in the midst of ongoing tensions between consumers and banks, promulgated through arbitrary … Continue reading
Interview: Edo Inc. Raises Another $15 Million in Funding
edō, Inc., the company that’s bringing discount offers directly to credit cards, has brought in another $15 million in venture funding, bringing their total to $54.3 million. The company is taking a straight-forward approach to linking coupons to credit cards … Continue reading
Discover to Help PayPal Make Transition to Offline Payments
Online transaction leader PayPal has teamed with Discover, the nation’s 4th largest credit card issuer, to bring the eBay subsidiary payment transaction service more than 7 million brick and mortar stores by spring of 2013. PayPal users will need to … Continue reading
Survey: Consumers Would Opt For Different Payment Method If Surcharge Are Passed Onto Them
A recent poll commissioned by CreditCards.com found that 65 percent of Americans would utilize a different payment option if retailers start passing off credit card surcharges onto consumers. The study comes after news of a potential settlement between nearly 7 … Continue reading
Sen. Dick Durbin and Major Retail Associations Voice Opposition to Visa, Mastercard Settlement
Senator Dick Durbin, the author of the Durbin amendment to the Dodd-Frank Act, which capped debit swipe fees at 24 cents per transaction, has come out and voiced his opposition to the pending Visa and Mastercard settlement, citing that the … Continue reading
Interview: LevelUp Raises $21 Million for Merchant Processing with Zero Transaction Fees
The mobile payments market is rapidly evolving — small start-ups are taking on the established processing behemoths in a race where winner may take all. Adoption of mobile payments has slowly, yet steadily increased in the United States recently, and … Continue reading
National Grocers Association Staunchly Opposes Visa, Mastercard Settlement
The National Grocers Association, along with Wal-Mart Stores Inc. and Target Corp., are raising their voices in concern over the pending $7.25 billion settlement Visa, Mastercard and a slew of big banks are expected to payout to the plaintiffs in … Continue reading
