Content about Payment systems

November 21, 2011

NRF: Gift card spending to reach $27.8 billion this holiday season

Holiday shoppers are expected to spend $155.43 on average for gift cards this season, while total gift card spending is projected to reach $27.8 billion, according to a survey released Friday by the National Retail Federation.

November 15, 2011

American Express launches Target prepaid card

American Express has announced the launch of the American Express for Target card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores.

November 1, 2011

Kroger's streamlined checkout process to be introduced in Ohio

Cincinnati's ABC affiliate station on Monday featured Kroger's Scan-Bag-Go system, a handheld device that customers use to scan bar codes as they shop.

September 30, 2011

NRF: Swipe-fee cut will save merchants and consumers billions

Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit card swipe fees roughly in half take effect this weekend, the National Retail Federation said.

September 15, 2011

Reports: Big Y bids farewell to self checkout

Big Y is saying "so long," to its self-service checkout lanes at its stores, according to published reports.

August 24, 2011

Winn-Dixie to implement self-checkout technology

Winn-Dixie has selected IBM point-of-sale and self-checkout technology to help transform customer service, speed innovation and increase the operational efficiency of 484 Winn-Dixie store locations and other store formats across the southeastern United States, IBM reported.

July 8, 2011

Stop & Shop debuts Scan It! Mobile

Stop & Shop officially has launched a next-generation scanner via a mobile application.

July 6, 2011

NRF: 'Extremely disappointed' in swipe-fee regulations set

The National Retail Federation said last week that it was disappointed in the final debit card swipe-fee regulations set by the Federal Reserve.

June 14, 2011

Department of Justice Antitrust Division pursues credit card companies

One week after the Senate failed to pass an amendment that would have delayed swipe-fee reform for an additional 12 months, the Department of Justice Antitrust Division reportedly is addressing anticompetitive practices related to credit cards.

June 8, 2011

New legislative amendment seeks to kill swipe-fee reforms

Sens. Jon Tester, D-Mont., and Bob Corker, R-Tenn., have offered an amendment to legislation that is designed to delay swipe-fee reforms.

May 26, 2011

GNC adds PayPal’s Mobile Express Checkout

General Nutrition Centers has added PayPal's Mobile Express Checkout to its mobile site.

May 19, 2011

NRF launches advocacy campaign to preserve swipe-fee reform

The National Retail Federation on Wednesday launched a 60-day lobbying, grassroots and media campaign aimed at ensuring that a new federal law — which is designed to save retailers and their customers more than $1 billion a month by lowering the “swipe fees" banks charge to process debit card transactions — takes effect in late July as scheduled.

May 5, 2011

Shoppers would spend more for good customer service, survey finds

Good customer service sells, according to a new study conducted by American Express.

April 22, 2011

Report: Stop & Shop to implement mobile shopping app

About one month after launching a mobile application that syncs customers' loyalty cards to provide access to online accounts, Stop & Shop is forging ahead with new technology, according to published reports.

March 16, 2011

NRF discouraged by delay of swipe-fee legislation

The National Retail Federation said legislation introduced Tuesday to delay swipe fee reform, which is scheduled to go into effect this summer, would block retailers from giving discounts to consumers who use debit cards and would cost merchants and the public more than $1 billion per month.

March 9, 2011

NACDS, NCPA express support of 'swipe fee' reform

The National Association of Chain Drug Stores and the National Community Pharmacists Association on Tuesday urged Congress to permit the Federal Reserve Board to expedite the implementation of an amendment to the financial-reform legislation.

February 28, 2011

NRF to Federal Reserve: Swipe card fee cap doesn't go far enough

The National Retail Federation last week responded to the Federal Reserve's proposal to cap debit card swipe fees at 12 cents per transaction.

January 18, 2011

AisleBuyer inks deal with Alliance

A mobile shopping platform has inked a deal with an expert and adviser to the payments industry.

January 10, 2011

Kroger looks to speed up self-checkout lines

Fujitsu on Monday unveiled its latest checkout technology at the National Retail Federation trade show and also said that supermarket giant Kroger currently is evaluating the new technology in a limited number of its stores to boost the retailer's Advanced Checkout areas.

December 27, 2010

New IRS guidance allows continued use of FSA/HRA debit cards to pay for OTCs

The IRS issued new guidance Dec. 23 that enables consumers to continue to use flexible spending and health reimbursement account debit cards to purchase prescribed OTC products.

November 14, 2010

New Rx FSA rule deemed operationally impossible by industry thought leaders

A panel of healthcare thought leaders has concluded that a recent IRS rule change going...

November 9, 2010

PNC Bank ATMs roll out in Indiana-based CVS stores

PNC Bank has made its branded automated teller machines available for customer use in 135...

October 24, 2010

Kroger to offer rewards card with U.S. Bank

Kroger announced that it has teamed up with U.S. Bank to offer credit cards and...

October 18, 2010

NACDS to IRS: Delay health debit card changes

The National Association of Chain Drug Stores on Tuesday released a letter addressed to the...