CNP Headlines
Visa Europe Offers to Cap Credit-Card Fees to End EU Probe
Bloomberg Businessweek - Tuesday, 14 May 2013
Visa Europe’s offer would bring its fees in line with those of its main competitor MasterCard Inc. (MA), the European Commission said today. The operator of the EU’s largest payment-card network also committed to overhaul its rules so that banks will be able to apply a reduced cross-border interbank fee when they compete for clients cross-border.US Mobile Landscape - Two Years Later
Federal Reserve System - Monday, 13 May 2013 The Federal Reserve Banks of Boston and Atlanta through their Payment Strategies and Retail Payments Risk Forum Groups have released a paper that concludes while the mobile payments market is still nascent, progress is being made towards achieving benefits within this ecosystem such as improved security and fraud reduction, cost efficiencies, value-added services, revenue and monetization opportunities, and data privacy.Why mobile wallets alone will fail
CNN Money - Wednesday, 08 May 2013
Mobile wallets as they are defined today are unfortunately a solution in search of a problem. Consumers are quite happy with their credit and debit cards…they work, they're fast and they're familiar. And retailers, while they may complain about credit card fees, have bigger strategic issues with online competition and showrooming than to worry about installing the next "wallet" created to replace tried and true payment systems they've already invested in – and successfully process millions of transactions every day.
Discover, PayPal Make Merchant Acquiring Momentum
Pymnts - Wednesday, 08 May 2013
On August 22, 2012, Discover and PayPal announced a partnership that positioned the two entities as real threats to the established payments landscape.
