The process by which a business collects payment from a credit card transaction involves two steps, authorization and settlement, and three key players: customer, issuing bank and merchant. Many, or ...

Local retailers get equal billing with national merchants like Walmart in a new merchant-funded rewards program developed by credit unions. As merchants seek alternatives to paying swipe fees ...

Forbes contributors publish independent expert analyses and insights. Dan Gingiss covers news impacting your customers and employees. With Visa and Mastercard recently reaching a settlement on a ...

Many credit card issuers, including American Express, Bank of America, Chase and Citi®, provide cash-back offers that can be added to eligible credit cards. For instance, with Citi, these offers are ...

The Federal Reserve is preparing a proposal that would lower the fees merchants pay to many banks when consumers shop with debit cards. Today, merchants pay large card issuers 21 cents plus 0.05% of ...

The way it works in the credit card industry, the acquirer owns the POS terminal and rents it to the merchant, who places it in its physical premise. Ergo, even though the common man sees a "POS ...

Tower Payments today announced a focused payment gateway and merchant account service that helps nicotine pouch websites restore stable credit card processing after being declined by Stripe, Square, ...

"When we heard about this technology we realized it fit the bill not just for us, but other credit unions," said Amy Sink, CEO of Interra Credit Union. Nine U.S. credit unions formed a credit union ...

SHANGHAI, China, May 05, 2023 (GLOBE NEWSWIRE) -- Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence (“AI”) enterprise in China, today announced ...