Payment Options
August 28, 2015 at 11:34 am
PayPal is raising fees by up to 32 percent with the elimination of volume discounts. Sellers on eBay are particularly hit hard as the marketplace limits which payment methods they can offer for eBay transactions — and eBay just revealed yesterday it will no longer accept ProPay or Skrill, leaving many sellers in a tight…
August 28, 2015 at 11:27 am
The calendar may still say summer, but retail giant Wal-Mart is encouraging consumers to get in the Christmas spirit now. With Labor Day more than a week away, the world's largest retailer is scheduled to launch its holiday season layaway plan four months before Dec. 25. Starting today, two weeks earlier than it did last season, Wal-Mart…
July 30, 2015 at 2:27 pm
Oklahoma City-based Hobby Lobby Stores is fighting Visa and MasterCard in court over what it claims are excessive fees for accepting debit and credit cards at its stores. Hobby Lobby and its sister company Mardel have filed an antitrust lawsuit against Visa and MasterCard in U.S. District Court in Oklahoma City over the fees, which…
July 27, 2015 at 4:03 pm
CurrentC, an electronic payment system backed by many of the biggest retailers in the U.S., will begin a limited public rollout in August, Bloomberg News reported on Friday. The smartphone-based technology is intended to rival payment services from Apple, Google and Samsung, and an August launch would be in line with the "mid-2015" schedule the…
July 27, 2015 at 1:57 pm
From Apple Pay and Android Pay finally gaining traction to merchants beginning to make the switch to become EMV compliant, this year has shown significant change for the payments industry — and it’s just getting started. The changes stem from credit card companies wanting to reduce fraud. The only problem here? Many merchants haven’t yet…
July 23, 2015 at 2:46 pm
Some of us remember those old-time grocery stores from our childhood that accepted only cash. Sometimes not having exact change meant redoing a part of your shopping on a different day or somewhere else. Thankfully, memories of those days are just that. Memories. The digital boom that happened in the last 25 years permeated retail…
July 20, 2015 at 2:36 pm
PayPal Holdings Inc. will make its stock debut with a market value almost 1.4 times that of eBay Inc. as investors bet on bigger returns from the digital payments business than its former parent company struggling with slow growth. PayPal starts trading Monday with a market capitalization of about $46.6 billion, data compiled by Bloomberg…
July 10, 2015 at 2:49 pm
Digital currencies. We’ve all heard of them, but here in the U.S. they're not widely used … yet. Litecoin, Dash, Peercoin, Dogecoin, Primecoin — this is just a small list of the many different digital currency exchanges available, but the most well-known, largest and notorious player in this space is Bitcoin. Bitcoin is a decentralized,…
July 10, 2015 at 2:02 pm
The checkout pages on shopping sites are getting more crowded, so American Express is creating its own real estate. The credit card company is introducing Amex Express Checkout, an alternative payment method its card members can use to more easily check out and pay on partnering websites and apps from merchants such as Ticketmaster, Newegg…
June 1, 2015
We’re at an important inflection point in the payments industry — perhaps the most important in decades. There are a number of forces coming together at once to change the retail payments marketplace, perhaps none more significant than the combination of EMV (an abbreviation for Europay, MasterCard and Visa, the three organizations that developed the initial specifications) and terminal encryption/tokenization.
