Merchant

Payments-industry players are vowing to begin lobbying members of Congress in hopes of blocking further progress of an interchange-regulation amendment to the financial-reform bill the Senate passed on May 13 that they believe would have devastating consequences.

After years of trying, Sen. Richard Durbin, D-Ill., finally succeeded Thursday in passing a measure that would restrict interchange fees.

The Ohio General Assembly is considering legislation to keep payday lenders from trying to make up revenue shortfalls by hitting consumers with various fees.

With fierce competition for merchants and slim margins in the U.S. acquiring market, more ISOs are expressing interest in penetrating the largely unsaturated Canadian market, according to Federated Payments, an ISO with operations in the U.S. and Canada.

Merchant acquirers should be as concerned as the card brands over proposed legislation that would alter merchant fees, according to the Electronic Transactions Association, a Washington, D.C.-based trade group representing the acquiring industry.

Merchant acquirers should be as concerned as the card brands over proposed legislation that would alter merchant fees, according to the Electronic Transactions Association, a Washington, D.C.-based trade group representing the acquiring industry.

Hypercom Corp.’s newest point-of-sale products could help the company improve its profit margins, some analysts predict.

With fierce competition for merchants and slim margins in the U.S. acquiring market, more ISOs are expressing interest in penetrating the largely unsaturated Canadian market, according to Federated Payments, an independent sales organization with operations in the U.S. and Canada.

Through the first four months of 2010, the number of lawsuits filed citing Fair Debt Collection Practices Act (FDCPA) violations is far ahead of the record pace set in 2009, according to data from the U.S. District Courts. Consumers filed an estimated 3,262 FDCPA cases through April.

Hypercom Corp. in the coming weeks will announce the first point-of-sale terminal produced under the company’s “joint development manufacturing model.” It plans to make the terminal available for sale later this summer, a spokesperson tells PaymentsSource.