Square Enters Japan, Targets Cash
5/23/2013
Square has entered the Japanese market with its mobile card reader and tablet point of sale register apps.The U.S. company has partnered with Sumitomo Mitsui Card Corporation (SMCC) for its Japanese venture. SMCC has been credited with successfully introducing Visa...
Wal-Mart, Among Others, Opt Out of Credit Settlement
5/22/2013
Nineteen major retailers are exercising their options to opt out of the proposed antitrust settlement with Visa and MasterCard. Included in this decision to opt out are Wal Mart, Starbucks, Gap Inc., Lowe’s , Costco Wholesale Corp., and Nike. Merchants...
FICO: France Becomes Europe’s Leading Payment Card Fraud Victim
5/22/2013
FICO, one of the leading analytics and management software companies, announced earlier this week France had surpassed the United Kingdom for payment card fraud in 2012. While the majority of European countries saw card fraud level rise, France took the...
Indian Credit Card Market Growing After Economic Slowdown
5/20/2013
Indian banks are increasing their credit card issuance for the first time since the financial crisis started five years go.From the Hindustan Times Card issuance by banks and financial institution grew by 11% to 19.6 million in 2012 13 according...
Visa Europe Predicts 52 Million Contactless Transactions per Month in 2013
5/20/2013
European consumers are increasing adoption of contactless payment technology, according to various media reports. Now Visa Europe is announcing contactless payments have reached critical mass, which signals the technology likely will become a mainstream payment option in the very near...
Visa Europe Offers to Cut Inter-Bank Fees
5/14/2013
The European Commission today announced Visa Europe offered to cap its credit card interchange fees at 0.3 percent of the transaction value for at least the next four years. Visa’s offer reduces rates to equal MasterCard’s, and it hopes the...
Vantiv Starts Merchant Loyalty Enhancement Strategy with Visa
5/13/2013
Merchants of all sizes that are serious about succeeding in today’s hyper competitive market need to be able to quickly and efficiently get offers in consumer hands. Leading merchant processors are responding to this need by enabling loyalty services across...