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The Official Merchant
Services Blog
The Official Merchant Services Blog
CFPB Cracks Down on Deceptive Credit Card Reward Practices
The Consumer Financial Protection Bureau (CFPB) has recently issued a circular addressing concerns about deceptive practices in credit card reward programs. The agency warned that...
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Stocks Decline as Fed Suggests Slower Rate Cuts
U.S. stocks dropped sharply, with all three major indexes seeing their most significant daily decline in months following the Federal Reserve's proposed interest rate cut by 0.25 ...
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Afterpay’s BNPL Features Now Available on Google Pay
Google Pay is expanding its payment capabilities by seamlessly integrating services from Afterpay and Klarna into its versatile platform. Now, users shopping online through Google...
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Nuvei Goes Private While Keeping Current Ownership
Nuvei goes private following a $6.3 billion acquisition led by Advent International, with continued investment from CEO Philip Fayer, Novacap, and CDPQ. Nuvei Corporation, a finte...
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Manual Card Entry Could Be Phased Out by Mastercard by 2030
The online buying experience may entirely change by 2030 as Mastercard plans to eliminate manual card entry and one-time checkout passwords. The payments network giant plans to re...
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Cash EBT Payments Now Available on Amazon in 17 States and One Federal District
Americans who use federal assistance for their essential daily expenses will now find it much easier to shop on Amazon. According to the latest release from the eCommerce giant, t...
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Affirm Becomes the Preferred BNPL Partner for WooCommerce
WooCommerce, an open-source commerce solution built on WordPress, reported last Friday that they had chosen Affirm as the default BNPL (buy now, pay later) payment provider. Now, ...
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Fiserv Finalizes a $140 Million Acquisition Deal with Payfare
A fintech and payments company in the US, Fiserv acquires Payfare in a $140 million deal, strengthening its position more as a finance company. Payfare is a Canada-based fintech f...
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Merchants Navigate Changes as Visa Enforces Surcharge Program
For years, businesses have struggled with numerous fees associated with credit card transactions. Whenever a customer swipes a card, merchants incur different fees, particularly i...
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