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.
A Chicago cafe recently installed the city's first bitcoin ATM. Cassava Bread, a gluten-free café, has been accepting bitcoin for roughly four months and the digital currency makes up 1 percent to 2 percent of total revenue.
Amazon has quietly introduced a test version of an Amazon Wallet app focused on shopping for Android and Fire phones as it gets ready to ship the Fire Phone.
Neiman Marcus has enabled the new Visa Checkout payment option during the online checkout process.
Apparel retailer rue21 is now offering a more streamlined shopper experience at checkout complete with personalized promotions.
Visa introduced a new digital payment system to replace V.me digital wallet. Visa's Checkout is the company's latest move to simplify digital payments for consumers and vendors. Checkout will replace the outdated platform, which was first introduced into the market in 2011, reported Re/code. "It's your Visa card for the digital world," CEO Charlie Scharf said. Thus far, vendor partners include Neiman Marcus, Pizza Hut, Staples and United Airlines. The company has also recruited more than 180 financial institutions to support Checkout including Bank of America, Chase, Wells Fargo Bank and Citi, reported ZDnet. The Checkout app will launch immediately in the United States, Canada and Australia.