Payments processors are keeping a portion of payments as a reserve against potential disputes between cardholders and merchants. Small-business owners say the practice is eating into their profits. ... Read full article
The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments. ... Read full article
Some big investors think the recent selloff in bank stocks is overdone; despite new ways to pay, credit cards still dominate. ... Read full article
Issuers should take seriously critics’ claims they need to more closely monitor the sale of guns, before policymakers force the issue. ... Read full article
Diane Offereins manages relationships with 1,000 merchants and 3,300 financial institutions. ... Read full article
A federal judge sanctioned the Consumer Financial Protection Bureau on Friday by dismissing a massive lawsuit against several payment processors, saying the agency demonstrated a "willful disregard" for court rules. ... Read full article
The merger of the U.K. and U.S. payments processors carries both benefits and risks; Duperreault taps Marsh & McLennan veteran. ... Read full article
The move is noteworthy because Delatinne had led customer engagement for Swift’s global payments innovation initiative, with which Ripple’s cross-border payment system competes. ... Read full article
