Gas Station Operators Are Crying Over Credit Card Fees

This guest article is by Douglas Kantor, counsel to the Merchants Payments Coalition, a group of retailers lobbying for a reduction in credit card interchange fees. The major oil companies have sold almost all their gas stations because it is so tough to make money selling gasoline at retail. When crude oil prices go up, ...

Big Bank Credit Card Fees Hurt Consumers & Station Owners With Every Fill-Up, Industry Data Shows

Consumers pay higher gas prices and the average gas-station owner loses money, even as the nation’s biggest banks and credit card companies profit with every fill-up, said the Merc

VeriFone to announce new mobile payment processing system

Startups like Square and PhoneSwipe spotted a lucrative opportunity to empower the smallest of merchants to accept credit card payments, and they've made the most of it. If you have a product or service to sell, all you need to get paid by credit card is a smartphone or tablet, a tiny card swiper, and an account with one of these vendors. read more

€165bn in e-commerce every year - and not a plastic card in sight

Gambling and smut pop the virtual money floodgates Alternatives to traditional credit and debit cards are now processing €165bn ($214bn, £133bn) annually – 22 per cent of global e-commerce – and that's just the start as the next generation of consumers grows up without seeing a plastic card.…

Give this former student credit for recognizing a need in retail

Lorne created a credit card scanning technology that would automatically scan in the credit card number for the merchant.