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31 May 2024, 6:00 am by Michelle
That range does not fluctuate upward when merchants’ cost of goods and services decrease, he adds. . . . [read post]
15 May 2024, 9:05 pm by ilyabeylin
A futures commission merchant (FCM) is a distinct type of derivatives market participant that stands between a clearinghouse and its customers. [read post]
3 May 2024, 6:00 am by Michelle
The new system will allow consumers and banks to settle payments in seconds, as opposed to days, and provide services at all hours and on weekends. . . . [read post]
26 Apr 2024, 6:00 am by Michelle
The Visa Acceptance platform is used by more than 450 payment-service providers and connects to more than 100 independent software vendors supporting more than 450,000 active merchants each month in 160 countries, according to Visa. [read post]
5 Apr 2024, 6:00 am by Michelle
American Express Co., Discover Financial Services, and Visa Inc. soon followed. . . . [read post]
29 Mar 2024, 6:00 am by Michelle
The two card network giants have been battling the merchants in court for nearly two decades, fighting billions of dollars in claims that they overcharged merchants when customers swiped their credit cards to pay for products and services. [read post]
8 Mar 2024, 6:00 am by Michelle
JPMorgan’s merchant customers, which include some of the largest U.S. firms, will be able to process their payment via the CB’s network by the end of 2024, JPMorgan added, offering a domestic alternative to rival services provided by Visa and Mastercard. [read post]
6 Mar 2024, 5:59 am by Satya Marar
It will also be the country’s biggest credit-card issuer, with a market share of 19%, ahead of current market leader JPMorgan Chase’s 16%. [read post]
1 Dec 2023, 6:00 am by Michelle
JPMorgan Chase, Bank of America, Citibank and Wells Fargo are the principal Class B shareholders, according to the Tuesday filing, which provides a 15-page disclosure about the program. [read post]
17 Nov 2023, 6:00 am by Michelle
 The 2,100 financial firms on Zelle, a peer-to-peer network owned by seven banks including JPMorgan Chase and Bank of America, began reversing transfers as of June 30 for customers duped into sending money to scammers claiming to be from a government agency, bank or existing service provider, said Early Warning Services (EWS), the banks’ company that owns Zelle. [read post]
27 Oct 2023, 6:00 am by Michelle
The merchants alleged they were overcharged for credit and debit card transactions when consumers swiped their cards to pay for goods and services. [read post]
22 Sep 2023, 6:54 am by Zak Gowen
The app will be operated by Early Warning Services, a bank consortium group that already runs payments app Zelle. . . . [read post]
15 Sep 2023, 6:38 am by Zak Gowen
This often involves the addition of POS software features sold as value-added capabilities by their merchant service provider. [read post]
1 Sep 2023, 8:00 am by Zak Gowen
How JPMorgan Chase’s Use of Tap to Pay Pressures Merchant AcquirersAmerican Banker – August 28, 2023 (subscription required) JPMorgan has added technology that allows merchants to accept payments with minimal upgrades to their own devices, a move that will accelerate plans for most U.S. payment processors. [read post]
2 Jun 2023, 7:54 am by Zak Gowen
Chargebacks911 surveyed merchants ranging in size from small to enterprise retailers. . . . [read post]
27 Mar 2023, 3:18 pm by Tom Smith
Following similar technological implementations in China, if the pilot program goes well, the bank intends to roll out the service to its broader base of US merchant clients and usher in a new wave of biometric payments that privacy enthusiasts have been concerned about. [read post]
20 Oct 2022, 8:35 am by Dan Lopez
In that role, he worked with a range of clients, including of course, NACS, to address public policy issues ranging from fuels to financial services. [read post]
2 Aug 2022, 1:55 am by Kevin Kaufman
Personal consumption is considered an appropriate proxy for the amount of government services consumed by an individual. [read post]