American Express

By Dan Berthiaume Walmart Canada has begun following through with a June announcement it would gradually stop accepting Visa payments. On June 11, the retailer issued a release stating it would stop accepting Visa payments across Canada, starting July 18 at stores in Thunder Bay, Ontario. Multiple media reports indicate that as of July 18, Walmart Canada is no longer taking payments via Visa-branded cards at three stores in Thunder Bay.

Walmart Canada has begun following through with a June announcement it would gradually stop accepting Visa payments.   On June 11, the retailer issued a release stating it would stop accepting Visa payments across Canada, starting July 18 at stores in Thunder Bay, Ontario. Multiple media reports indicate that as of July 18, Walmart Canada is no longer taking payments via Visa-branded cards at three stores in Thunder Bay.  

The American Express card is now history at Costco Wholesale Club.    As of June 20, Costco is accepting only Visa-branded credit cards chain wide.   The retailer made headlines last year when it announced that, after 16 years, it was dropping American Express as its exclusive credit card provider and switching to Visa.   

PREIT, whose portfolio includes the Plymouth Meeting Mall in Pennsylvania, the Mall at Prince Georges in Maryland, and the Springfield Town Center in Virginia, has introduced a digital shopper loyalty program that rewards participating retailers with customer behavioral data.  

The National Retail Federation (NRF) has asked the Federal Trade Commission (FTC) to conduct an investigation into an organization founded by the credit card industry that sets data security standards.

According to a letter from NRF senior VP and general counsel Mallory Duncan to FTC chairwoman Edith Ramirez, the practices of the Payment Card Industry Security Standards Council (PCI DSS) raise antitrust concerns.

Credit card chargebacks are a costly reality for online merchants. Chargebacks occur when customers contact their credit card issuers to dispute charges. If an issuer deems a dispute valid, the e-commerce merchant is required to pay the amount owed for the transaction plus a chargeback fee from the processer – which can range from $15 to $100.

Credit card chargebacks are a costly reality for online merchants. Chargebacks occur when customers contact their credit card issuers to dispute charges. If an issuer deems a dispute valid, the e-commerce merchant is required to pay the amount owed for the transaction plus a chargeback fee from the processer – which can range from $15 to $100.  

ModCloth, a San Francisco-based e-commerce retailer focused on vintage and independent apparel styles, has named Nicholas Genest as CTO.
 
Genest joins ModCloth with more than 15 years' experience across consumer, tech and online retail industries. He most recently served as the CTO for the online luxury consignment retailer The RealReal, where he strategically led the development of their mobile, web and data technologies since 2013.

If the real estate trope that “Fashion Follows Food” is true, then Metropica will be one of the most chic neighborhoods in South Florida. Among the first tenants announced for the retail portion of the transit-oriented, mixed-use complex now under construction in Sunrise are: True Food Kitchen, Kona Grill, Oil & Vinegar, Fogo de Chão and Shake Shack. These will be joined by iPic Theaters, Kings Bowl, Anthropologie, Free People and Kendra Scott, among other first-to-market retailers.

It was probably inevitable that somebody at some point would challenge the legality of the Oct. 1, 2015 EMV (Europay, Mastercard and Visa) liability shift.