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NACS Refuses To Accept Proposed Antitrust Settlement With Visa And MasterCard

“NACS does not accept this proposed settlement, and we reserve the right to fight it if other class representatives do accept it,” says Henry Armour, NACS president and CEO, on the proposed settlements between merchants and credit card companies. NACS rejected the proposed settlement of antitrust litigation between merchants and the credit card industry. NACS

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POS in Your Palm

Mobile technology is changing the retail landscape, offering a bevy of options for retailers to consider. By Erin Rigik, Associate Editor. In today’s ever-evolving world of mobile payment technology, anyone with a mobile phone can take credit card payments, from a neighbor running a garage sale to an entrepreneur building a small business. Now, this

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Visa Raises “No Signature” Limit to $50, Enhances Merchant Fraud Protection

Visa Inc. said it plans to raise its Visa Easy Payment Service “no signature required” limit from $25 to $50 for two key U.S. merchant categories. Starting in October 2012, discount stores and grocery stores/supermarkets in the U.S. can accept Visa cards for transactions up to $50 without requiring a cardholder signature or PIN, or

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NRF Urges FTC To Move Cautiously on Mobile Payments

“The government should not impose regulations that would forestall yet-to-be-imagined advances and innovation,” says NRF spokesperson. The National Retail Federation is urging the Federal Trade Commission to move cautiously in establishing regulations for mobile payments, and said any rules that are adopted should parallel those for the underlying form of payment and not be specific

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Safeway Starbucks To Offer Mobile Payments

Upcoming mobile payment rollout scheduled to take place at Safeway’s nearly 1,000 Starbucks locations. Safeway Inc., one of the nation’s largest supermarket chains, plans to roll out mobile payment in July at nearly 1,000 Starbucks in Safeway supermarkets across the U.S., including the company’s Vons, Pavilions, Dominick’s, Randalls, Tom Thumb and Genuardi’s stores. In addition,

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Starbucks Debuts Mobile Payments

The Starbucks Card Mobile App now offers customers with BlackBerry smartphones, iPhone and iPod touch the fastest way to pay at nearly 6,800 U.S. company-operated Starbucks stores. Starbucks has announced the launch of mobile payments in all of its U.S. company-operated stores, allowing customers to pay for in-store purchases with select smartphones. Building on the

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