Square to Hike Per Transaction Fees by 50%
by Patti Murphy on March 6, 2025 at 4:39 PM
Square is raising its per-transaction fee by 50%, citing the need to cover rising processing costs and reinvest in its payment ecosystem, which may disproportionately impact small-ticket merchants.
Tap to Phone Redefines Contactless Commerce
by Patti Murphy on March 5, 2025 at 4:59 PM
Visa reports a 200% surge in Tap to Phone adoption, enabling merchants to accept contactless payments directly on NFC-enabled smartphones, with small businesses driving much of the growth. Welcome to Today in Payments. I’m your host, Patti Murphy, here with your daily dose of payments …
Will Big Tech's Payment Oversight Tighten Payments?
by Patti Murphy on March 4, 2025 at 2:57 PM
Regulatory uncertainty looms over Big Tech payment apps as the CFPB's new oversight rule faces challenges amid leadership changes and political debate over the agency’s future.