 WEEKEND ROUNDUP | |
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US card networks are going to raise interchange fees in April Visa and Mastercard are reportedly raising interchange fees, which are charged to merchants by card networks to accept cards, in the US this April.
Additionally, it will become more expensive for merchants to take returns for items that were paid for using Mastercard debit cards; in some cases, merchants won't be reimbursed for the interchange fees paid during the initial transaction.
Meanwhile, Discover, the fourth-largest US card network, will reportedly be increasing certain interchange fees, including on rewards credit cards used to shop at restaurants and for online transactions on select Discover cards.
These increases will likely escalate the long-running battle between merchants and card networks over interchange fees.
Business Insider Intelligence's Rachel Green has the full story. | |
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| | | The US Department of Health and Human Services (HHS) plans to pilot a payment model that could help reduce Medicare and Medicaid patient transports to costly emergency departments by steering them toward alternative forms of care, like telemedicine or urgent care, instead. Read More → | | | | |
| | | Barclays rolled out Pay by Bank, which is offered to merchants by Mastercard-owned Vocalink and enables online shoppers in the UK to pay for purchases using their mobile banking app as a direct debit, to Barclaycard merchants. Read More → | | | | |
| | | The JPM Coin, which will be issued to clients upon depositing money at the bank, will initially be rolled out to a small number of customers in a few months and allow near-instant payments settlement over the bank's blockchain network. Read More → | | | | |
| | | The emergence and relative success of Amazon Go and its convenient cashierless shopping experience that bypasses physical checkout has some retailers concerned Amazon will use its innovative technology to compete with their stores. Read More → | | | | |
| | | Robotics could become cheaper and easier in the near future: A new object tracking system for robots from researchers at MIT enables these units to employ radio frequency identification (RFID) tags to orient themselves. Read More → | | | | |
| | | In Q4, the company earned $14.2 billion in gross bookings — what it earns before paying drivers — up 37% from a year ago, and basically even with Q3 when they grew 38% year-over-year (YoY). Read More → | | | | |
| | | Apple reportedly agreed to acquire AI startup PullString, according to Axios. PullString specializes in helping brands and agencies build conversational voice apps for Amazon's Alexa and Google's Assistant voice platforms. Read More → | | | | |
| | | CBS's SVOD services — CBS All Access and Showtime — have reached their original goal of 8 million subscribers by 2020 two years earlier than the company projected, per comments made during the company's Q4 earnings last week. Read More → | | | | |
| | | Apple and Goldman Sachs are reportedly planning to issue a cobrand credit card later this year that will come with associated iPhone and money management features, following initial tests with employees in the coming weeks. Read More → | | | | |
| | | Buy online pickup in-store (BOPIS) has gained serious adoption, with 68% of US consumers having made multiple click-and-collect purchases, according to data from Doddle sent to Business Insider Intelligence. Read More → | | | | |
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| | | The US Home Healthcare Report from Business Insider Intelligence sizes the US home healthcare market and identifies the industry trends fueling the rise in home-based care. We highlight how providers are using telehealth to deliver quality remote care, and detail other investments providers are making to prepare for the future of home healthcare. We also analyze a case study of a successful home healthcare model, laying out best practices that organizations can adopt to reduce admissions and healthcare costs via home healthcare. Learn More → | | | | |
| | | In Future Business Models in Logistics, Business Insider Intelligence details how the rise of e-commerce as a core consumer shopping channel has fundamentally transformed retail supply chains. We examine the primary two business models — 4PL and in-house supply chain management — and what's driving retailers to adopt these new models. Lastly, we offer recommendations for how legacy 3PL providers can adapt to meet the changing demands of retailers in the age of e-commerce. Learn More → | | | | |
| | | Business Insider Intelligence unpacks the current digital payments ecosystem, and explores how changes will impact the industry in both the short- and long-term. The report begins by tracing the path of an in-store card payment from processing to settlement to clarify the role of key stakeholders and assess how the landscape has shifted. It also uses forecasts, case studies, and product developments from the past year to explain how digital transformation is impacting major industry segments and evaluate the pace of change. Finally, it highlights five trends that should shape payments in the year ahead, looking at how regulatory shifts, emerging technologies, and competition could impact the payments ecosystem. Learn More → | | | | |
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