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Eye on Dining POS: NCR Voyix’s QR Code App; Olo Works With MenuSifu

May 20, 2024

Point-of-sale technology for the ultra-competitive restaurant market gained even more momentum Monday as several key players unveiled new solutions. The announcements were in conjunction with the annual National Restaurant Association show taking place in Chicago.

Fed plays crucial role in payments standard-setting

May 20, 2024

Federal Reserve Governor Christopher Waller last week underscored the central bank’s role for setting standards in the rapidly evolving payments arena.

Supreme Court upholds CFPB’s funding structure

May 16, 2024

The 7-2 ruling puts an end to a case that threatened the bureau’s existence and pushed at least one district judge to pause a CFPB rule pending the high court’s opinion.

Visa blurs line between debit, credit cards in new 'flexible credential'

May 16, 2024

Visa aims to bridge gaps between in-person and digital payments with a range of new consumer card enhancements available to issuers in various global markets.

Would limits on self-checkout prevent shoplifting? What a California bill would mean.

May 15, 2024

A proposed bill in California could lead to fewer self-checkout kiosks in the Golden State.

Fed bombarded by debit card fee commentary

May 14, 2024

The Federal Reserve Board said it has received some 2,500 comment letters regarding its proposal to cut the fees that merchants are charged when they accept debit cards.

Consumers might be paying more than credit card perks are worth, officials say

May 10, 2024

Fees could overshadow the promise of travel rewards, the Biden administration says as it scrutinizes frequent flyer and other loyalty programs.

Consumers And Businesses Are Embracing Instant Payments, a Fed Study Says

May 8, 2024

Consumers and businesses are embracing instant-payment options for such transactions as bill payment, mobile-wallet funding and defunding, account-to-account transfers, and immediate payroll for employees, the Federal Reserve says.

Apple, Google and Venmo fight new U.S. plan to monitor payment apps

May 2, 2024

Their lobbying campaign targets a federal push to subject some tech companies to the same rigorous oversight as banks. One company — Block, which owns Cash App — is also under investigation.

Real-time consumer payments need standards to rise

May 2, 2024

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework, Walmart, JPMorgan Chase and other executives say.

Potential Merchant Savings on Swipe Fees Is the Latest Payments Battleground

May 1, 2024

The war over the proposed Credit Card Competition Act shows no signs of abating as combatants on both sides of the fence continue their efforts to sway legislators and public opinion on the matter of card-acceptance costs.

FraudClassifier Model: Finding Fraud Across Payment Silos

May 1, 2024

“The FraudClassifier model will help you understand fraud trends you did not know you had in your institution.”

Real-time consumer payments need standards to rise

May 1, 2024

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

Mastercard Takes AI-Driven Fraud Defense to Next Level

Apr 25, 2024

Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers.

PayU Receives RBI Authorization to Operate as Payments Aggregator

Apr 25, 2024

PayU has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a payments aggregator.

Visa profits jump as struggling customers turn to plastic to pay bills

Apr 25, 2024

Credit card usage has increased dramatically in the US in recent months, as customers increasingly struggle to pay for everyday items and charge them instead to cards.

CFPB Head Wary of Big Credit Card Mergers

Apr 25, 2024

America’s leading consumer finance watchdog is skeptical about giant mergers between credit card companies.

The Merchant Advisory Group

Driving positive change and innovation in the payments industry that serves the merchants interest through collaboration, education, and advocacy.