Retailers

Back in 2014, Dekkers Davidson, then CEO of the Merchant Customer Exchange, declared that the mobile wallet venture would draw inspiration from Uber and be just as disruptive to financial services as the popular ride-sharing app was to the taxi industry. But Uber's success stems largely from its decision to make payments invisible, whereas MCX was developing its CurrentC wallet to do just the opposite.

Mobility's incursion into merchant services is normally treated as a threat to independent sales organizations and legacy acquirers, who will find themselves on the outside as technology-based services take over the store.

Every business runs the risk of fraud, but some are more likely to be targeted than others. The customers you court, the products you sell and even the amount of time you have been in business can make you more vulnerable to an attack or more appealing to a cyber criminal.

When Walmart switched on Walmart Pay this week at 600 stores in two states, it marked the beginning of a new era, when merchants finally take the reins in mobile payments — and, by extension, the future of digital commerce.

The Merchant Customer Exchange, a retailer-backed mobile wallet venture of over three years in the works, has postponed its plans for a national rollout of its mobile wallet.

Stadiums, concert halls and other entertainment settings have long been venues in which terminal providers like NCR or Oracle would likely have units in place, offering a vast array of functions tailored to those businesses.

Transaction laundering is an increasingly popular scam, in which cyber-criminals hijack the legitimate payment process to sell all manner of illicit goods and services online.

Square, which has been aggressively adding merchant services to enhance its mobile payments product, has added an invoice scheduling feature to add flexibility to merchant payments.

Like any long-term relationship, Walmart and Visa have had their ups and downs. Sometimes these interactions were solely between the two companies; but many times, Walmart and Visa's conflicts gave a voice to the entire retail and payments industries.

We all know bitcoin as an edgy and anonymous cryptocurrency. It provokes strong opinions. Department of Justice officials reference it in connection with real-life crimes, just as made-up bad guys reference it in movies.

More than seven months after the EMV liability shift, the majority of U.S. retail locations still haven’t upgraded their payment terminals to accept chip cards, with some small and midsize businesses citing the difficulty of getting their equipment tested and certified by appropriate organizations.

While Walmart's lawsuit against Visa this week centers on authorization and routing methods, the Debit Network Alliance LLC — a group of independent debit networks — is also taking issue with EMV routing in addressing how terminal software is handling the choices presented to consumers.

Unless the U.S. card business is able to offer merchants scaleable solutions that are cheaper and quicker to implement, there is a serious risk of full EMV migration taking several years to complete.

Citigroup is testing Bluetooth beacon technology in a pilot that gives customers cardless access to branch ATMs after business hours, among other services.

Walmart and Visa have had a long and volatile relationship, and the retailer's latest lawsuit against the global card brand gives voice to a struggle that many other companies are too small to fight.

To expand the reach of its global e-commerce services, Ingenico ePayments is building up a vast network of connections to merchant acquirers, hoping to gain a competitive edge as the demand grows for omnichannel payments.

Merchants that now accept EMV-chip cards at the point of sale are not happy with the user experience, and First Data sees itself in a position to help.

Are integrated payment gateways becoming overcomplicated? Small and medium sized businesses (SMBs) think so, and they’re migrating to cloud based alternatives because of it.

Six months after the credit card fraud liability shift, merchants who have not implemented chip card technology are complaining about a larger number of chargebacks than they expected. But there are steps that can stem the tide.

The 'app economy' is getting larger by the year, and a team of entrepreneurs firmly rooted in the payments establishment sees big trouble ahead when it comes to facilitating transactions.