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Retail groups file lawsuit over debit card swipe fees
Several retail groups on Tuesday filed a lawsuit in federal court saying the Federal Reserve failed to follow requirements of a financial reform law when it set the cap on debit card swipe fees. The National Retail Federation, the Food Marketing Institute, the National Association of Convenience Stores and two retailers said the policy has allowed [...]
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Clear2Pay gains scale in payments and cards expertise with ISTS Worldwide acquisition
Clear2Pay has acquired ISTS Worldwide a US based services organisation, specialised in retail payments technology. ISTS Worldwide is based in Fremont, California. The company further has a large CMMI Level 3 certified development and project delivery centre in India and an office in France. Its core solutions are focused on the card transaction space and [...]
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Ingenico renews partnership with Nets
Ingenico has announced a new four year agreement with Nets, a leading supplier of merchant solutions in the Nordic region, for the supply of Ingenico’s latest range of NFC enabled payment terminals into Norway, Sweden, Denmark, Finland and Iceland. The agreement is based around Ingenico’s Telium 2 range of terminals ensuring all merchant categories, including [...]
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EBIC encourages European Commission to accept its self-regulatory initiative
The European Banking Industry Committee (EBIC) has put forward to the European Commission a final proposal for self-regulatory measures on transparency and comparability of personal current account fees. The proposal reflects the commitment of the banking industry to competition and increasing consumer confidence. It is aimed at complementing the provisions already laid down in the [...]
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Compass Plus survey at CARTES reveals fraud and mobile as the key challenges facing the payments industry in 2012
A survey conducted by global payments software provider Compass Plus at the international payment and digital security event CARTES has revealed that payment fraud and the rise of mobile will be the key industry challenges in 2012. The survey took in the views of more than fifty respondents from the payments ecosystem including financial institutions, [...]
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