Card-Present Transactions for Online Merchants
Software that enables card-present transactions for online merchants by using a buyer’s phone to enter a PIN is available from start-up Burbank.
Area of Interest: Merchant Acquiring
Ingenico’s Axium CX9000
The CX9000 has a small footprint (11.25 inches high, 15 inches wide, 11.375 inches deep) with integrated cable management and is intended for installation at retailers, restaurants and small businesses that need to preserve counter space.
Largest Merchant Acquirers in the US—2024
Owners of the 59 largest portfolios of merchant payment card acceptance contracts in the US are shown here. Transactions they acquired in 2024 included those from American Express, Discover, Diners Club, JCB, Mastercard, Visa and UnionPay credit, debit and prepaid cards—the global network brands. Also included are US domesticonly debit card brands led by Interlink, […]
Verifone and PayPal are Omnichannel Partners
Verifone will offer enterprises that use its in-store services PayPal’s omnichannel solution including ecommerce processing and in-store acquiring.
Token.io Uses API Connectivity for A2A Payments
Last year, Token.io handled 62 million A2A transactions averaging $2 billion monthly. The average transaction amount was $400.
Pay by Bank for Cannabis
Greencard Payments offers pay-by-bank capabilities to cannabis dispensary owners as an alternative to payments made by cash and cashless ATMs.
BNP Paribas, Groupe BPCE Card Processing Joint Venture
The joint venture will process more than 17 billion Visa, Mastercard and domestic-only Cartes Bancaires (CB) transactions annually.
Merchant Processing Fees in the United States — 2024
US merchants paid $187.20 billion in processing fees to accept those credit and debit cards for payments of goods and services they sold. This was up 8.7% from 2023.
PayPal Expands in Europe
Merchants in Europe will be able to use Fastlane on a white-label basis to compete against branded digital wallets from PayPal, Apple, Google and Wero. Both Visa and Mastercard offer expedited checkout services in Europe called Click to Pay.
Membership Programs for Direct Response Merchants
Membership clubs generate predictable revenue streams and customer loyalty.
