David Heun is an associate editor for technology at American Banker.
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In many ways, the declaration of the end of the merchants' swipe fee case against the major card brands last September with a $6.2 billion settlement is not unlike previous efforts to settle the case — in that it won't truly end the antagonism between merchants and the card brands.
By David HeunJanuary 14 -
Terminal manufacturer and payments technology provider Ingenico Group has completed its acquisition of New Zealand-based payments network Paymark.
By David HeunJanuary 11 -
Global Payout is providing software to the makers of point of sale hardware for the cannabis industry, integrating payment card processing with other business services common for dispensaries.
By David HeunJanuary 10 -
When Visa first introduced an automobile prototype designed to include a payments platform in 2015, it stated the intention for this research and development to be part of a five-year plan.
By David HeunJanuary 10 -
The number of states not allowing surcharging on credit card purchases continues to dwindle, as New York now gives merchants the option to charge fees as long as they make the costs clear to consumers.
By David HeunJanuary 9 -
U.K.-based Nuggets is integrating its blockchain technology to existing payment rails, creating a system wherein merchants will no longer have to access or store consumers' personal data.
By David HeunJanuary 9 -
A director in the foreign-exchange department of American Express has been suspended, as the card brand continues to investigate pricing practices in that division of the company.
By David HeunJanuary 8 -
Mastercard is counting on its logo to do the talking. It plans to drop its name from the Mastercard symbol in some physical and digital marketing and advertising situations.
By David HeunJanuary 7 -
Banks, retailers and technology companies have spent years relentlessly working to replace cash with plastic, digital or mobile alternatives. And cash has hit back hard.
By David HeunJanuary 4 -
As perhaps the world's most wide-reaching, comprehensive data protection rule, the General Data Protection Regulation is having a ripple effect that almost seemed inevitable.
By David HeunJanuary 2