Category Archives: News
Apple Applies for Mobile Payment Platform Patent
On June 6th, Apple filed a patent for an extensive pathway that could make the iPhone the most popular mobile payment platform moving forward. By incorporating users’ iTunes accounts, Apple could easily provide convenient access to payment technology while also … Continue reading
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
Credit Cards Are Getting Makeovers As Mobile Payments Loom On The Horizon
A new poll conducted by market researching firm Harris Interactive has found that American consumers are anticipating mobile payments will replace both plastic cards, and eventually cash. Two thirds of respondents (66 percent) believe that mobile phone payments will become … Continue reading
Barnes and Noble Announces PIN Pads in 63 Stores Have Been Compromised
The nation’s largest brick and mortar book store, Barnes and Noble, has announced that pin pads on credit card terminals in 63 of its stores have been hacked to steal customer information. The number of breached accounts is currently unknown, … Continue reading
Visa, Mastercard Settlement Submitted to Judge Gleeson for Approval
The Visa and Mastercard $7.25 billion settlement was submitted to United States District Judge John Gleeson for approval, on Friday, in what could end up becoming the largest antitrust settlement in the history of the country. The settlement has stirred … Continue reading
Apple to Start Accepting Mobile Payments Through Their New Passbook App
Apple’s Passbook, a new app that accompanied the release of iOS 6, has generated a lot of buzz as of late — not so much in relation to what it currently does, but rather its potential — the ability to … 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
