Payment Options

Count Wal-Mart payments executive John Drechny among those upset with the timing of the credit card industry’s transition to “chip” credit cards. In a panel discussion at the Money20/20 payments conference in Las Vegas on Monday, Drechny said the October deadline for merchants to switch over to equipment that can accept new chip cards will cause…

For the selfie generation, it might be the perfect way to pay. MasterCard is trying out a new technology that lets online shoppers authorize a transaction with a snapshot of their face instead of a password. “As the world gets increasingly digital, this will be the next wave of technology that will change the consumer experience of…

Customers will now be able to do much more than just pick up prescriptions at Walgreens locations nationwide. Western Union announced the launch of its bill payment services at the nation’s largest drugstore chain yesterday, allowing customers to make payments to 15,000 billers across the U.S. and abroad.  

The past year has brought a multitude of changes in payments, including PCI 3.0 requirements, EMV chip payment cards and the introduction of new mobile payment methods from CurrentC, Google and Samsung. The result is a fragmented capability across retail that's impacting consumers who want simple, flexible and convenient shopping with seamless payment methods. Retailers…

Oct. 1 represents the deadline for most merchants to accept Europay, MasterCard and Visa (EMV) chip-equipped credit cards at their terminals. Should a merchant only process payments with the familiar magnetic stripe reader, and end up taking a counterfeit card, liability for that transaction falls upon the merchant. At first glance e-commerce pros may see this…

The Oct. 1 EMV deadline is quickly approaching – yet many retailers are racing to this finish line with uncertainty if they will make it or not. In fact, a recent survey from Strawhecker Group revealed that only 27 percent of U.S. merchants will be EMV ready by the Oct. 1 liability shift. This same…

As retailers and banks prepare for the Oct. 1 EMV liability shift — which moves fraud liability from issuing banks to merchants — many consumers haven't yet received their new chip-enabled cards, or are simply in the dark about what EMV means, according to a new survey from ACI Worldwide. The new EMV Readiness Survey of…

Kmart has expanded its layaway program and dropped a required down payment on a lease-to-own plan, joining other U.S. retailers in trying to get a jump start on grabbing holiday shoppers. Kmart, a unit of Sears, started allowing customers to buy in installments with no down payment last week, an option it will offer every day…

Seven months after splitting with longtime partner Costco Wholesale Corp., American Express Co. said Thursday that its cards will be accepted at rival membership warehouse Sam's Club starting Oct. 1. Sam's Club, a division of Wal-Mart Stores Inc., has 653 stores in the U.S. and Puerto Rico.  

PayPal is raising fees by up to 32 percent by eliminating volume discounts for larger sellers, and EcommerceBytes has confirmed that certain companies are exempt from the fee hike, which the payments company is referring to as a fee "simplification." PayPal spokesperson Anuj Nayar told EcommerceBytes, "We are only changing the rate structure for merchants on…