Walmart announced it will roll out GoBank checking accounts in all stores by the end of October. GoBank checking accounts, launched by Green Dot, are mobile banking platforms linked with MasterCard debit cards that do not charge overdraft fees, minimum balance fees or monthly fees.
Since Apple announced the launch of virtual payment platform Apple Pay Sept. 9, brands have already signed on to use it, but Walmart wasn't interested in the new payment platform.
As mobile devices and digital currency play an ever-increasing role in retail, the Merchant Customer Exchange has unveiled a new mobile wallet called CurrentC, which already has the backing of big-box retailers such as Walmart, Target and Best Buy.
Macy's is hopping on the digital wallet bandwagon. The retailer said in an Aug. 26 announcement that shoppers would be able to use the new option to manage special offers and make in-store and online payments.
Real estate software company Yardi announced the launch of a new service for clients as it partners with Home Depot to offer more purchasing options and full purchasing control for customers.
The National Retail Federation has asked the U.S. Supreme Court to review a ruling that left the Federal Reserve's cap on credit card transactions at 21 cents. The retail industry has collectively pushed for a lower cap for so-called swipe fees.
Shipments of self-checkout systems rang up record numbers in 2013, driven in part by Walmart's increased use of the systems.
Amazon has introduced Local Register, a card reader and mobile app that assists local businesses in accepting credit and debit cards from a smartphone or tablet.
BitPay is now offering free basic payment processing to retailers—for life. Under the new pricing plan, BitPay hopes that more retailers will be able to offer customers the option to make purchases using the virtual payment. Previously, the starter plan came with a 1 percent transaction fee, reported Gigaom. "We have set a goal to enroll one million merchants by the end of 2016," said Tony Gallippi, BitPay's co-founder and executive chairman. "When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin."
Amazon could be preparing to launch credit card reading hardware in the next few weeks.