Opt-out Deadline for Lawsuit Expires Tuesday

Tuesday is the last day retailers can opt out of the $7 billion antitrust settlement over credit-card processing fees, but little more movement is expected on the last day following the decision by many major retailers, including Target, Macy’s and J.C. Penney filed their own lawsuit charging Visa and MasterCard of monopolizing credit card swipe fees. Also objecting to the proposed settlement were the National...

Heartland and LevelUp form mobile payments partnership.. – Finextra

Heartland and LevelUp form mobile payments partnership..FinextraAfter successful pilot programs in New York City, Boston, Louisville, Minneapolis, and Madison, WI, the pair is partnering nationwide on the first national roll out of a mobile payment sol…

Could PayPal Compete with Visa and MasterCard?

Google, Square, Starbucks, Best Buy, Isis, Wal-Mart, Target, Lowe’s, CVS, Shell and Sears, among others, do not believe their role is to displace the transaction clearing role provided by Visa, MasterCard and others in the payments ecosystem. Continue reading →

Making money with mobile payments – Finextra

Making money with mobile paymentsFinextraMost players have realized by now that there is little money to be made in payments (alone). Interchange fees are under pressure, retailers are forming own networks, consumers are getting averse to paying fees -…

Making money with mobile payments – Finextra

Making money with mobile paymentsFinextraMost players have realized by now that there is little money to be made in payments (alone). Interchange fees are under pressure, retailers are forming own networks, consumers are getting averse to paying fees -…