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Visa takes a fresh crack at China's elusive payments market  American Banker

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Crédit Agricole and Worldline enter into exclusive discussions to create a major player in merchant services in France - Yahoo Finance

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WORLDLINE SA Crédit Agricole and Worldline enter in to exclusive discussions to create a major player in merchant services in France A u nique alliance to create a major payment s player in the largest Continental Europe payment market of c.€ 700 billion Merchant Sales Value ( " MSV " ) Str ategic long-term partnership between the leading French retail banking Credit Agricole Group and Worldline C ontemplated c reation of a joint company fully operational by 2025 combining Crédit Agricole 's merchant acquiring footprint , French market intimacy and distribution power with Worldline 's leading innovation, technology and global infrastructure Paris, La Défense, April 19 , 202 3 – Worldline [Euronext: WLN] , a global leader in payment services, and Crédit Agricole SA [Euronext: ACA ], announced today the signing of a non-binding exclusive agreement regarding a strategic partnership to create a major player in the French payment market. Gilles G...
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Wawa to Pay $8M in Data Breach Settlement With State AGs - CSNews Online

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WAWA, Pa. — Wawa Inc. will pay $8 million to end an investigation into the 2019 data breach that affected approximately 34 million payment cards at convenience stores and gas stations across the retailer's network. The company has pledged to strengthen its data security practices, according to a copy of the settlement agreement and statements from attorneys general for Pennsylvania and New Jersey. Wawa did not admit wrongdoing as part of the settlement. Pennsylvania Attorney General Josh Shapiro and New Jersey Acting Attorney General Matthew J. Platkin co-led the multistate probe and announced the settlement agreement. Five attorneys general from other states and the District of Columbia also participated in the investigation. The settlement will be divided between Pennsylvania, New Jersey, Delaware, Florida, Maryland, Virginia and Washington, D.C., which each receiving different amounts from the $8 million total. The agreement marks the third-largest credit card breach settlement ...
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PayPal hikes fees as Venmo starts charging for some services - Fast Company

It's the classic maneuver. Hook 'em, then hike 'em. [Photo: iStock] By Arianne Cohen 2 minute Read Venmo users received an unexpected email this week titled "New and upcoming changes to Venmo." The mobile payment service, which is owned by PayPal, wants you to know that it will begin charging fees on common transactions: "Goods and services" transactions will now cost sellers 1.9% plus 10 cents beginning July 20. The transactions were previously free (though credit card transactions had a 3% fee). Instant money transfers from a Venmo account to a bank or debit card account will be charged 1.5% (25 cent minimum, $15 maximum) beginning August 2. The prior fee was 1%. Slow transfers, which typically take 1-3 business days, are still free. PayPal has long included a "goods and services" option, which is a major revenue generator. Sellers use it because transactions only receive purchase-protection benefits if they are marked as "go...
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