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A new assault on the major card brands over debit transaction routing got a boost this week when Home Depot sued Visa and MasterCard, alleging the card brands are pushing for the more expensive signature debit routing.
June 15 -
Caffe Ladro's had an online store for years, but it's never been as important as it is today, as the Seattle chain faces competitors including the notoriously tech-savvy Starbucks that have stretched the limits of how to sell coffee online and through mobile devices.
June 15 -
Never mind gender parity just having executive committees consisting 30% of women is still a long way off for the financial services industry, according to a new study.
June 13 -
TSYS Managed Services is now a wholly owned unit of Total System Services.
June 13 -
On the surface, Walmart Canada's decision to stop accepting Visa credit cards in protest of its fees comes across as simply another conflict between the giant retailer and the card network. But it's setting the stage for something bigger.
June 13 - WIB PH
U.S. Bancorp in Minneapolis said Terry Dolan will become its chief financial officer on Aug. 1. Dolan currently serves as vice chairman of wealth management and securities services.
June 13 -
Subway is reimagining how ordering, payments and marketing tie together at its sandwich shops. It's in the process of launching a new division called Subway Digital, which will pool the expertise of specialists in technology, marketing and operations rather than give full rein to any one of those disciplines.
June 13 -
Since the introduction of Bluetooth beacons as enablers of in-store location-based marketing, many have seen a clear connection between beacons and mobile payments. As the technology evolves, the connection is not quite as clear.
June 10 -
Bank of America's Cathy Bessant talks about the marriage of banking and technology and former Countrywide executive Rebecca Mairone reflects on being one the few people in the industry to face criminal charges in the wake of the financial crisis. Also, could there be an all-female presidential ticket? Now that Hillary Clinton is the presumptive Democratic presidential nominee, some wonder if Elizabeth Warren would consider being her running mate.
June 9
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The news that Shell Oil has agreed to accept Chase Pay at more than 6,000 gas stations couldnt have come at a more interesting moment.
June 9 -
Kyle Largent offered himself up as "Exhibit A" for U.S. online merchants' greatest fear: that EMV chip card adoption at the point of sale would cause fraud to spike online.
June 9 -
Carolyn Berkowitz stepped down as president of that Capital One Foundation in McLean, Va., in late April to pursue other opportunities, the company confirmed Wednesday.
June 8 -
Throw Cathy Bessant of Bank of America a question about a hot tech topic, and she's got answers. Blockchain? She loves it but is still waiting for its use case. Patents? The law is making us be aggressive. Swift? A call to action. And that's just the start.
June 8 -
Consumers enrolled in the CurrentC mobile wallet in Columbus, Ohio will be cut off after June 28 when the year-long pilot conducted by Merchant Customer Exchange (MCX) ends.
June 8 -
Verifone is taking a scalpel to its business after seeing soft results during its second fiscal quarter, enacting a plan to cut 5% of its personnel and look for opportunities to jettison older, underperforming parts of its business.
June 8 -
Most mobile wallet providers and retailers have been hunting for the magic formula that would seamlessly blend loyalty and mobile payments, in the hopes that one would inevitably fuel the other. But it's a delicate recipe, and very easy to get wrong.
June 8 -
U.S. card issuers lose $10.9 billion each year to card fraud, according to research released Tuesday by LexisNexis Risk Solutions.
June 7 -
Verifone and its beacon technology provider Footmarks are partnering with Allrecipes.com and grocery retailer Marcs in Ohio to deliver meal recommendations to shoppers.
June 3 -
Chilis Grill & Bar, hurt by a shift away from sit-down dining, is hoping to win back customers with a new tactic: bringing food to them.
June 3 -
Merchants sued Visa and MasterCard in 1996 when the card networks forced them to "honor all cards," and though the suit settled in 2003, the wounds are reopening with the spread of mobile wallets.
June 3





