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Canadian small-business group wins a lower Mastercard interchange

Payments Source

The Canadian Federation of Independent Business (CFIB) and Mastercard have reached an agreement that will reduce payment card interchange rates for members of Canada’s largest small-business organizations, bringing them on par with large merchants’ rates in the market.

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Financeit Gets $17 Million In New Round Of Funding

PYMNTS

This investment round of $17 million enabled Financeit to fund the recently announced acquisition of TD Bank Group’s indirect home improvement financing assets, which included the purchase of more than 800 merchant dealer agreements and the transition of a number of former TD relationship managers and operational staff.

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Capital One Acquires Trade Credit Firm BlueTarp

PYMNTS

Capital One Financial Corporation announced Friday (June 21) that it has reached an agreement to acquire purchase-to-payment and credit management company BlueTarp. In a press release , Capital One pointed to augmented B2B finance capabilities as a result of the takeover, particularly for small and medium-sized businesses (SMBs).

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How Much Do Credit Card Companies Charge Merchants?

Stax

the merchant’s business type, and the terms of the merchant’s agreement with their payment processor. Basics of Credit Card Fees Credit card fees refer to a range of charges that are imposed by credit card issuers on cardholders and merchants for completing credit card payments, either online or in person.

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How Discover is tapping into niche consumer segments as a pathway for growth

Tearsheet

While it offers targeted benefits and discounts, the reliance on this limited payment method often constrains the number and diversity of merchants willing to operate on base. We always strive to expand our footprint as a Network, and this agreement allows us to do that,” noted Hanson.

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Data Dive, Better Together Edition: Worldpay, FIS, Google, eBay, PayPal, Instagram

PYMNTS

This week, the theme of the news was all about collaboration, with big mergers, big partnership agreements and a new move for eBay. Merchant services firm Worldpay had a really big week in pair-ups, with not one, but two headline snatchers. “We So why is everyone suddenly working so hard to play well with others? Worldpay’s Big Week.

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