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How Interac's new structure arms it for battle with global innovators

Payments Source

billion debit transactions annually with a company specializing in payments development, management and consultation. R&D capabilities at Interac got a boost last month when Interac Corp. was created by merging Interac Association and Acxys Corp. It brought together a payments network handling nearly 5.7

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APAC Regulators Tackle Rising Card Fees

Fintech News

A new report by CMSPI, an American payment consultancy, produced in collaboration with Amazon, explores payment trends and regulations in Asia-Pacific (APAC), focusing on the impact of rising card fees on merchants and the regulatory responses to these challenges. The move led to a notable decrease in the cost of acceptance for merchants.

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Magento Integrates Braintree Into Progressive Web Apps

PYMNTS

The company noted that the offering provides an easy and quick way for developers to tap into a trusted gateway for credit and debit transactions. The offering comes as web traffic is moving to mobile to encompass 52 percent around the world per Forrester Consulting, Magento said on a product page.

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PSR Provisionally Proposes to Cap Cross-Border Interchange Fees on Credit and Debit Cards to Protect UK Businesses

Fintech Finance

Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3% The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees.

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The Payment Systems Regulator is propsing to cap cross-border interchange fees

Neopay

Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3% to 1.15% for debit cards, and 0.3% for credit cards.

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How to Evaluate Charity Payment Solutions for Non-Profit Software Companies

Stax

Make sure you consult key stakeholders, read independent customer reviews, and try out the payments solution before committing to an integrated payments solution. Tiered pricing: Credit and debit transactions are usually split into one of 3 different tiers: qualified, mid-qualified, and non-qualified, with the latter having the highest rates.

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Mobile Payments: What’s In It For Me?

PYMNTS

According to Peter Olynick, senior practice lead, Retail Banking, NTT DATA Consulting: “Fear is a powerful inhibitor, and fraud fear is top of mind for many consumers…Consumers are not just worried about losing one or two transactions, they fear having their identity stolen. So how about offering guarantees?