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Fiserv adds data service for large merchants

Payments Dive

The payments processor’s new Carat point-of-sale offering aims to help big businesses optimize transaction data.

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Supreme Court’s swipe-fee stance emboldens large merchants

Payments Source

Large merchants are re-energized in their conflict with Visa and Mastercard on the issue of swipe-fee costs, following the U.S. Supreme Court’s refusal to reinstate a class-action settlement that deeply divided many of the plaintiffs.

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Visa-Mastercard settlement failed to treat merchants ‘equitably’

Payments Dive

A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

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Large Merchants Drive 47 Percent Of Square’s GPV In Q1

PYMNTS

Bitcoin , subscriptions and services all played a part in Square ’s 45 percent year-over-year total revenue growth in the first quarter of 2018. But the company’s stock price fell in after-hours trading after Square’s new forecast for 2018 earnings came in below analyst expectations. Total net revenue reached $669 million in the first quarter.

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Inside the Bank of APIs: NatWest and the Evolution of Open Banking

Open Banking Excellence

The TfL moment happened because a very large merchant – Transport For London – adopted contactless card payments. If another equally large merchant did the same with VRP or bank-led customer identity, millions of customers would be exposed to these new solutions and adoption would skyrocket.

API 130
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Adyen and KLM use open banking to skirt payment cards

Payments Source

Through a partnership with Adyen, Dutch airline KLM is one of the first large merchants to adopt an online payments approach that bypasses payment cards, powered by PSD2's open banking framework.

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How U.S.-Israeli startup Behalf fits Visa's B2B strategy

Payments Source

New York- and Tel Aviv-based Behalf provides point-of-sale financing for SMEs making e-commerce purchases from large merchants. Visa will offer Behalf’s SME clients reusable, tokenized Visa virtual cards which give businesses instant loans for their purchases and flexible repayment schedules.