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The Official Merchant
Services Blog
The Official Merchant Services Blog
CFPB Took JPMorgan, BofA, and Wells Fargo to Court Over Zelle Fraud — Now It’s Dropping the Case
Last year, the Consumer Financial Protection Bureau (CFPB) sued EWS (which operates Zelle payments) along with the major bank owners – Bank of America, JPMorgan Chase, and Well...
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JPMorgan Chase, Bank of America, and Wells Fargo Sued by CFPB for Negligence on Zelle Fraud
The Consumer Financial Protection Bureau (CFPB) recently sued EWS (who operates Zelle payments) and the major bank owners – Bank of America, JPMorgan Chase, and Wells Fargo. Acc...
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Consumers May Favor BNPL Options This Holiday Season
As the 2024 holiday season unfolds, consumers increasingly turn to Buy Now, Pay Later (BNPL) services to manage their expenses as credit card interest rates soar. Industry experts...
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VIZIO Acquisition Officially Completed by Walmart
Walmart has finalized its purchase of TV maker VIZIO for $2.3 billion, a process that began with its announcement 10 months ago and faced several delays and federal reviews. The d...
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Shift4 Payments and Eigen Payments’ “Low-Key” Merger
Shift4, specializing in commerce solutions, payment processing, and merchant account solutions, will direct all Eigen customers to their platform for continued seats. While the ac...
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Top Commerce and Payment Trends to Watch in 2025
In 2024, the payment and commerce industry saw significant growth, led by the growing usage of eCommerce platforms and a steady demand for payment gateways. FinTech companies were...
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PayPal to Raise Pricing for Merchants
PayPal, a leading digital payments platform, has announced plans to increase fees for US merchants using certain services, effective January 13, 2025. Since Alex Chriss became CEO...
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Unbanked Americans Are at Their Lowest Level on Record
In 2023, the proportion of American households without a bank account fell to 4.2%, or roughly 5.6 million households, marking the lowest rate recorded since the Federal Deposit I...
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Barclays Bank Negotiating to Offload 80% Stake in Merchant Acquiring Unit
Barclays Bank is currently negotiating with Brookfield Asset Management to transfer 80% of its merchant acquiring division. The valuation of this Barclays division remains a point...
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