Content about Payment systems

August 17, 2012

Expectations are high that mobile payments represent the future of commerce, and a group of leading retailers this week formed a new organization to offer an alternative way to pay.

The group, Merchant Customer Exchange, will integrate a range of consumer offers, promotions and retail programs available via any smartphone. Participating retailers include Wal-Mart, Lowe's, Sears Holdings Corp. and Target. Additional members are expected to be announced in the coming months.  

August 1, 2012

Employee morale
The following is a response to the article, “Unhappy employees are staying put.”

“[Unhappy employees are] soon to be going, or at least when the economy improves — that’s when they will leave in droves because of extreme low pay and lack of respect from employers. Why wouldn’t they? No one likes being used or abused. Do you?”
— Rick Heath

May 2, 2012

The National Retail Federation is responding to a report from the Federal Reserve, which revealed that debit card swipe fees collected by the nation's largest banks have significantly dropped since reform regulations took effect last fall. 

January 27, 2012

The PayPal pilot at Home Depot stores is rapidly expanding, going from 51 test locations in the San Francisco Bay Area this week to all 2,000 Home Depot stores by the end of March, according to Bloomberg News.

PayPal director of communications Anuj Nayar told Bloomberg the digital commerce company will extend the trial to 20 additional retail partners by the end of 2012.

January 26, 2012

NCR has announced the introduction of a point-of-sale system that will allow independent retailers to manage transactions, track sales and inventory, process credit cards, and market to customers on both touch-screen terminals and Apple mobile devices.

The system is a cloud-based platform that NCR said would give independent retailers a multichannel "sell anywhere" capability.

January 23, 2012

John Donahoe, president and CEO of eBay, during a Jan. 18 earnings call expanded on the test of PayPal with retailer Home Depot. 

A division of EBay, PayPal is experimenting with extending its on-line payment system to point-of-sale retail locations. In the fourth quarter of 2011, it chose Home Depot as its first national retailer for a limited test at five stores. PayPal plans to widen the pilot to 51 stores in the Bay Area by the end of the month, Donahoe said.

He explained to investors how the payment process worked by relating his own experience.

January 9, 2012

Home Depot is testing the PayPal system at its point-of-sale in five stores, according to an article in American Banker.

Customers can use their PayPal accounts to pay for merchandise by either entering their phone numbers and PayPal PIN, or by swiping their PayPal cards.

October 13, 2011

The National Retail Federation Wednesday said that legislation introduced in the House to repeal debit card swipe fee reform would cost consumers more than $6 billion a year in savings that merchants plan to pass along to their customers. 

June 30, 2011

On customer safety


June 14, 2011

Are banks and credit card companies charging too much for debit transactions? Here's what we heard:

June 8, 2011

Retail associations are celebrating the defeat of a measure that would have delayed new rules governing "swipe fees" for certain card transactions at the retail point of sale.

The National Lumber and Building Material Dealers Association was among those applauding the defeat of a proposal by Sen. Jon Tester (D-Mont.) and Sen. Bob Corker (R.-Tenn.).

May 20, 2011

A federal grand jury has indicted Ronald Kiser, a former credit specialist for G.E. Consumer Finance, with bank fraud for diverting $465,000 worth of checks into his mother’s bank account. Kiser, 40, handled the Lowe’s account for G.E. 

March 31, 2011

"It is one of the most active lobbying efforts I have ever seen,” quipped Senate Majority Whip Dick Durbin (D-Ill.) recently when asked about the fight over debit card swipe fees. 

And that’s saying a lot, considering he’s been on Capitol Hill for 28 years. 

March 31, 2011

“It is one of the most active lobbying efforts I have ever seen,” quipped Senate Majority Whip Dick Durbin, (D-Ill.) when asked about the fight over debit card swipe fees. And he’s been on Capitol Hill for 28 years. 


October 3, 2010

The ability to bring instant credit to the sales floor of Ace Hardware stores is...

December 7, 2008

Home Depot’s former chief information officer will serve as the chief technology officer of First...

October 8, 2008

Pre-paid bankcards, offered by Visa and American Express, will continue to be the most desired...

September 30, 2008

An Olmsted County, Minn., attorney said the group had a shopping list and receipts...

February 10, 2008

Since the start of the 2000s, Ace, True Value and Do it Best have all...

December 26, 2007

The former owner of a South Boston hardware store has been accused of billing his...

July 16, 2007

Computerized system will help protect consumers using credit, debit or check cards from fraud....