Merchant

Bracing for the loss of some debit transactions as a result of new Federal Reserve rules requiring debit cards to carry at least two card network brands, Visa Inc. next year plans to ramp up a series of incentives for merchants and acquirers, Joe Saunders, Visa chairman and CEO, told analysts Oct. 26.

You can leave home without your American Express card now if you are heading to Neiman Marcus.

CHICAGO— The International Anti-Counterfeiting Coalition will launch a portal-based reporting system to help acquirers monitor and get rid of fraudulent online merchants, Robert Caldwell, founding partner of Bellevue, Wash.-based G2 Web Services, told attendees here Oct. 27 during an Electronics Transactions Association leadership summit.

CHICAGO–Google Inc., Isis and PayPal Inc. each are attempting to position their mobile wallets as the one consumers will prefer to use on their smartphones.

For toy store owner Buddy Wood, the one thing as familiar as Schwinn bicycles and Radio Flyer wagons is interchange. Wood has watched fees evolve in the four decades he has operated his family-owned store in Metairie, La.

An increase in transaction volume and new accounts fueled a small increase in third quarter revenue for Total Systems Services Inc., or TSYS, the company announced Oct. 25.

Taking mobile payments to new heights, MasterCard Worldwide soon will conduct a test of contactless-based payments at 30,000 feet, enabling passengers to purchase refreshments using its contactless PayPass technology aboard planes from WestJet, a Calgary, Alberta-based airline.

CHICAGO–The mobile-commerce market is littered with various wallet models, acceptance devices and applications, and this is forcing merchant-service providers to seek out ways to bring the elements together to help retailers maximize the channel’s potential, notes one mobile-payments executive.

All South Korean point-of-sale terminals now accept China UnionPay cards through a deal with South Korea’s BC Card Co., the companies announced Oct. 21.

ZAO Citibank has launched a free service that enables Moscow residents to pay their city real-estate, telephone and energy bills automatically by billing to their Citibank debit or credit card accounts, the Moscow-based company announced Oct. 17.