Search for: "First Data Merchant Card Processor"
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12 Nov 2020, 7:24 am
Worldpay Accused of Seizing Funds in $2.7m Contract SuitLaw360 – November 9, 2020 (subscription required) A California-based credit card processor claims Worldpay LLC seized and is “unreasonably withholding” $2.7 million after hastily terminating a merchant agreement between the companies without proper explanation. [read post]
22 Oct 2020, 7:06 am
Plaid, the allegations went, had worked to monetize the data. [read post]
8 Oct 2020, 8:56 am
If it gets the green light, the deal would be the first settlement out of class actions stretching back roughly nine years, encompassing three different cases in district court against Visa, MasterCard and a host of banking companies over ATM surcharges. [read post]
27 Aug 2020, 8:07 am
The delay in EMV implementation among gas stations, the last major merchant category to migrate to chip card readers, is largely to due to the high cost of implementing in-pump EMV card readers. [read post]
30 Jul 2020, 7:14 am
Cade, as the watchdog is known, said it wanted to understand the rationale for the fee and see if the deal prevented other card processors from joining the payment platform as Cielo dominates Brazil’s market with a 40% share. [read post]
23 Jul 2020, 7:22 am
Could FIS Use Open Banking to Pry Merchants Away From Card Networks? [read post]
16 Jul 2020, 9:23 am
According to the latest numbers, eBay has converted some 32,000 merchants to its managed-payments platform, which relies on a gateway from Adyen NV that funnels transactions to a variety of processors, of which PayPal is one. [read post]
2 Jul 2020, 8:40 am
“Interchange fees for consumer cards have decreased, leading to reduced merchants’ charges for card payments, and ultimately resulting in improved services to consumers and lower consumer prices,” the European Commission said in an emailed press release. [read post]
12 Jun 2020, 7:44 am
Davitian, counsel at the Washington, D.C., office of Perkins Coie LLP, estimates 15% to 20% of his merchant clients recently have received notices from their processors that they want to at least discuss the possibility of adding to their reserves. [read post]
20 May 2020, 12:47 pm
Just as noteworthy, the settlement agreed to by First Data may propel new industry standards for processors to formally oversee the merchant onboarding activities of ISOs given responsibility for underwriting merchant accounts. [read post]
7 May 2020, 8:02 am
Treasury Department official Stuart Levey as its first chief executive officer. [read post]
30 Apr 2020, 7:44 am
Checkout.com is the first payment processor to join the initiative since U.S. giants Visa, Mastercard and Stripe all pulled out over regulatory concerns in October. [read post]
8 Jan 2020, 12:13 pm
The first Android smartphone with LTE was launched in 2010 and Apple’s first LTE smartphone was the iPhone 5 in 2012. [read post]
28 Aug 2019, 5:24 am
Through the year’s first half, 3,813 breaches were reported, up 54% from a year earlier. [read post]
7 Aug 2019, 9:23 am
Nexo claims the Nexo Card to be the first card in the world that enables users to spend the value of their cryptocurrency without in fact spending it. [read post]
31 Jul 2019, 7:02 am
Industry Developments SPOTLIGHT: Eye on Acquiring: An End to the BAMS Joint Venture; Global Payments Updates TSYS MergerDigital Transactions News – July 30, 2019 The end of Bank of America Merchant Services, a merchant-acquiring joint venture between Bank of America Corp. and First Data Corp., is at hand. [read post]
17 Jul 2019, 10:32 am
It aims to help companies manage and monetize payments by becoming their own payment processors. [read post]
3 Jul 2019, 4:06 am
(TSYS), announced last month, as the latest megadeal in a series initiated in January when Fiserv Inc. said it would acquire First Data Corp. [read post]
19 Jun 2019, 7:37 am
Circuit Court of Appeals in Cincinnati involves a Houston-based liquor-store chain, Spec’s Family Partners Ltd., which sued its acquirer, First Data’s First Data Merchant Services unit. [read post]
17 Jun 2019, 2:09 pm
Intermediary companies like First Data Merchant Services, LLC (“First Data”) frequently contract with acquiring banks to facilitate transaction processing from merchants. [read post]
