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Retailers Riled up About Regulated Debit Interchange as Authorization Costs Decline

A prominent merchant group says that in the face of declining authorization, clearing, and settlement costs, it is time for the Federal Reserve to lower its regulated debit card interchange rate.   The Retail Industry Leaders Association issued its call after the Fed last month released its latest bi-annual study of the debit card…

Most Full-Service Restaurants Are Frustrated With Their Payments Services, a Survey Finds

Frustration with payments runs high among full-service restaurant operators, so much so that only 20% expressed no frustrations in a new TouchBistro Inc. report released Monday.   The other 80% had some issue with their payments services, with many of them, 21%, citing a lack of transparency on pricing. That was followed by…

Six in Ten U.S. Adults are Concerned with Data Security at Fuel Pumps and Convenience Stores

Over six in ten (62%) U.S. adults are concerned with the security of their financial data when paying at fuel pumps and convenience stores, according to an online survey of 1,270 adults by YouGov and ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions. The study, which surveyed shopping and payment habits…

Cashierless Amazon Go stores are planning to accept cash

Amazon Go convenience stores will begin to accept cash, according to a report this morning from CNBC, which Amazon confirmed. The retailer didn’t say when cash would be added to existing stores as a payment option, however, only that it was planned. The issue with the cashierless, automated Amazon Go stores is that they require customers to…

Visa To Lower Its Chargeback and Fraud Ratios for Merchants in October

Visa Inc. will lower its merchant dispute and fraud ratios in October. Merchants that exceed the revised ratios could be placed in monitoring programs meant to control risk.   Visa hasn’t announced the new standards publicly, but has informed the merchant-acquiring community. Digital Transactions News obtained some of the key new threshold standards from chargeback and fraud-prevention…

Debunking EMV Myths

EMV chip technology has become ingrained in the U.S. payments infrastructure. Still, there are misperceptions about the technology, its security features and impacts on fraud.   The U.S. Payments Forum has created a guide to provide accurate information for all stakeholders communicating about contact and contactless chip technology, including card issuers, retailers and…

Retail, RFID And Real-Time Sales

Probably every shopper knows the thrill of the retail treasure hunt — that odd, unexpected, but perfect product discovered on a shelf; that highly desired item almost hidden in some corner, but found via serendipity or determined effort. Probably every shopper also knows the frustration of the hunt — the time-consuming, wasted effort to locate…

Girl Scouts Are Bringing mPOS To The Cookie Booth

Girl Scouts mobilize nationwide from January to March each year, setting up pop-up booths outside of grocery stores and subway stations to sell cookies and raise funds for their troops. The cookies are popular enough to even inspire Thin Mint-flavored coffees from major brands like Dunkin’ – but sales often hit a stumbling block at the point of sale: Many troops…

Convenience Stores Saw Card-Acceptance Costs Rise Faster Than Sales in 2018

Convenience stores saw their payment card acceptance costs rise nearly 10% in 2018 even though sales increased only 9%, according to data reported Wednesday by the trade association NACS.   NACS, formerly known as the National Association of Convenience stores, says credit and debit card fees paid by its members rose 9.9% to…

The Next Big Cashless Play: Cannabis

Blunt question for PYMNTS readers (pun intended): Have you been inside a pot shop lately? One of the legal operations that are springing up in the states that have approved the above-board sale of marijuana products? Or do your views of marijuana retail still center around high school bathrooms, back alleys or sketchy dudes at…

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