If you find yourself among the small business owners anxiously awaiting the processing of your Employee Retention Credit (ERC) claim, you’re part of a sizable group facing the same frustration. The current scenario depicts a staggering Employee Retention Credit backlog of more than a million unprocessed ERC claims! As of the end of November 2023, […]
IRS Employee Retention Credit Backlog Read More »
Talus Pay is a prominent player providing payment processing services and has recently completed the acquisition of two companies – Clarus Merchant Services and Jobox.ai. Clarus Merchant Services is a top vendor of comprehensive B2B financial services, while Jobox.ai, recognized for its FinTech innovations, specializes in the housing service sector. This is a strategic acquisition
Talus Pay Welcomes 2024 With Not One But Two Strategic Acquisitions! Read More »
Last year, on December 13, 2023, New York introduced Assembly Bill No. 2672 (Act), modifying the existing ban on credit card surcharges. Governor Hochul endorsed two laws designed to safeguard consumers. The first law requires clear notifications to consumers about upcoming automatic renewals for subscriptions, including explicit instructions for cancellation. The second law addresses pricing
Implementation Of Surcharge Law In New York: What Does It Mean For Merchants? Read More »
Small and Medium Businesses (SMBs) are the most important part of most economies, particularly developing countries. Retail SMBs constitute the majority of businesses worldwide, making substantial contributions to job creation and global economic development. SMBs are a crucial client segment for banks, presenting a key opportunity to enhance their revenues, especially during rising interest rates
Why Do One-Third Retail SMBs Opt Out Of Credit Even If They Require It? Read More »
The UK’s Payment Systems Regulator (PSR) has proposed a groundbreaking measure by provisionally suggesting implementing a price cap on cross-border card fees or interchange fees for credit and debit cards. Primarily targeting major U.S. payment technology giants, Mastercard Inc. and Visa Inc., this move is orchestrated to shield UK businesses from potentially excessive interchange fees.
PSR Proposes Cap On Cross-Border Card Fees To Safeguard UK Businesses Read More »
Affirm, a payment network in the US, has joined forces with Blackhawk Network, a digital gift card distributor. This partnership offers consumers more options when buying gift cards, especially as they become popular during the holiday season. Thanks to this collaboration, shoppers can use Affirm to purchase digital gift cards from a wide range of
Nuvei Corporation has rolled out its card-issuing solution in 30 countries worldwide. This means Nuvei’s clients can now provide their customers or staff with physical and digital white-label cards. By combining this new feature with its existing payment services, Nuvei offers itself and its clients a unique advantage. This dual capability brings several advantages, such
Nuvei Launches Card-Issuing Read More »
Merchants often face chargeback challenges, especially when customers dispute transactions or claim items weren’t delivered. This situation can strain a business’s resources and impact its revenue. Merchants might feel vulnerable to these chargeback issues without the right tools and data. Making matters more complex, incorrect fraud prevention strategies can lead to significant financial losses and
PayPal Takes Action Against Chargeback Fraud Read More »
Payroc WorldAccess LLC, a leading name in payment processing, and DINGG, a trailblazer in salon and spa software, have joined forces to revolutionize the beauty and wellness industry. This collaboration is big news for salon and spa owners. By combining Payroc’s strong payment solutions with DINGG’s innovative salon software, they’re offering a one-stop solution for
The payment industry has undergone a significant transformation. From frantically combing through our pockets for spare change to just tapping our cards at POS terminals, the evolution has been marked by increased convenience. While payment methods have evolved to offer greater flexibility and enhanced security, our collective desire for convenience remains unwavering. As we look
2024 Payment Industry Projections Read More »
The global payments giant Visa has finalized an agreement to buy out a majority stake in the Mexican payment processor PROSA. The undisclosed transaction aims to enhance digital payment adoption in Mexico. The deal is set to conclude in the second half of 2024, subject to regulatory approvals and standard closing conditions. Under the agreement,
Visa Strengthens Digital Payments In Mexico With Majority Stake Acquisition In Prosa Read More »
Credit card industry leader Discover Financial Services (DFS) has officially named Michael G Rhodes its CEO and president. The appointment is set to take effect on or before 6th March this year, coinciding with his inclusion on the Company’s Board of Directors. Additionally, Mr. Rhodes will assume the role of President at Discover Bank and
Michael G. Rhodes Takes The Reins As CEO And President Of Discover Financial Services Read More »
Amazon has decided to discontinue the option of using Venmo as a payment method starting from January 10, 2024. This change comes over a year after Venmo was initially introduced as a means to cater to the payment preferences of Amazon customers. Although Amazon will still accept Venmo credit and debit cards, it will no
Amazon Excludes Venmo As A Payment Option Read More »
FreedomPay and Citi Retail Services have partnered to revolutionize how consumers shop. By integrating with the products of Citi Pay, this collaboration will enhance the point of sale experience for merchants, thereby expanding the array of lending solutions available to shoppers. This unique synergy combines the strengths of FreedomPay, a leader in commerce technology, and
The year 2024 is upon us and as we drive forward the Internal Revenue Service (IRS) has announced the updated mileage rates for this year. The IRS recently announced the updated mileage rates for 2024 with slight changes compared to last year. Specifically, the mileage rate for business travel has increased by 1.5 cents per
IRS Mileage Rates 2024 Read More »
As we are in 2024, it’s clear that technology’s rapid evolution won’t be slowing down. The advances that made 2023 a standout year, like machine intelligence and blending the digital with the real world, will keep transforming our lives. One key focus for the upcoming year will be balancing innovation with environmental responsibility. The goal
Key Tech Trends And Stories To Keep An Eye On In 2024 Read More »
The retail world is changing, thanks to Buy Now, Pay Later (BNPL) services like Affirm and Zip. These options let shoppers buy items and pay later, making shopping easier. Now, Google Pay pilots BNPL with Zip in the current quarter of 2024. Google Pay is teaming up with Affirm and Zip to add BNPL directly
Google Pay Pilots BNPL Service With Zip In The First Quarter Of 2024 Read More »
Adobe has decided to cancel its planned acquisition of design software company Figma for $20 billion. The reason cited is the difficulty in getting approval from both the EU and the United Kingdom. The UK’s CMA (Competition and Markets Authority) had previously indicated that a significant part of Figma would need to be sold off,
Adobe And Figma End The $20 Billion Merger Due To Regulatory Roadblocks Read More »