Sep 20 2011
As expected Google Wallet is quickly expanding the card types that can be used with its service. Visa has announced that it has issued a worldwide license to its mobile payment application, payWave. Like MasterCard’s PayPass technology, payWave allows Near-Field Communication (NFC) enabled Visa cards and devices to be waived in front of compatible terminals …
May 26 2011
In the merchant services and credit card processing industry you will often hear merchant account providers referred to as “ISOs.” But, what is an ISO and how can it affect your rates, fees and contract terms? Find out in this merchant account definition post.
May 08 2011
Square, the start-up mobile payment processing company, received funding this week from the number one credit card company in the USA, Visa. The total dollar amount has not yet been disclosed, but early reports are saying it is somewhere in the single digit millions. This announcement comes just one week after Square and Apple went …
Mar 21 2011
Visa account holders in the United States now have the option to make personal payments to other account holders for participating institutions, rather than limiting account transactions to point-of-sale payments. This new type of person-to-person transaction is available thanks to agreements recently forged with CashEdge and Fiserv, two providers of account transfer and bill payment …
Mar 14 2011
In a move to further promote information security, Visa and Visa Europe have introduced a new Payment Card Industry Data Security Standard or PCI DSS for their merchant vendors. The new compliance system operates on new dual contact/contactless payment processing terminals that are compatible with security-enhancing EMV (Europay, MasterCard, and VISA) chips. While Visa is …
Dec 07 2010
Mobile payment provider, In2Pay, recently entered the smart phone payments industry back by VISA. Find out more about In2Pay in this post.
Oct 04 2010
VISA has reached a settlement with the attorneys general of seven different states and the Department of Justice that allows merchants to encourage customers to use a certain payment type for purchases. This settlement will prevent merchants from the threat of penalties from VISA. All of these changes because of the settlement mean merchants can now offer various incentives and discounts for purchases from customers using credit and debit cards that cost less in merchant processing fees.
