A record 200.4 million Americans shopped during the five-day weekend that marks the start of the holiday shopping season, surpassing the record 196.7 that shopped during the same period last year, according to a survey by the National Retail Federation and Prosper Insights & Analytics.

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Inspired by growing demand for anywhere commerce, Verizon Business has embarked on multiple payments initiatives, powered by industry-leading payments and financial brands.

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The Green Sheet offices will be closed from Wed., Nov. 22 to Mon., Nov. 27, 2023, for the Thanksgiving holiday, which is celebrated on Thurs., Nov. 23 in the United States. In the meantime, thank you for stopping by, and please enjoy the many resources this website has to offer.

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Merchants should be buoyed by reports that a record number of Americans will be shopping in-store and online from Thanksgiving Day through Cyber Monday, Nov. 23 through 27. Survey results just released by the National Retail Federation and Prosper Insights & Analytics indicate an estimated 182 million U.S. consumers will be shopping for deals during the upcoming holiday weekend.

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A flurry of new partnership announcements indicates that pay-by-bank, a popular open banking solution currently offered in Europe, Asia and the Middle East, may finally be taking hold in the United States. These new collaborations will expand consumer payment choice, industry experts have noted, while facilitating simple, secure, frictionless bill payment experiences.

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As government agencies and news outlets have reported, merchants are implementing cash discounts, credit card surcharge fees and dual pricing models to offset related costs of credit card processing. Over time, these practices increased 66 percent between 2015 and 2022, according to data from the Federal Reserve Bank of Atlanta.

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Security leaders from around the world are participating in International Fraud Awareness Week, sharing survey data, knowledge and information about criminal activities that undermine individual and organizational safety.

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The Credit Card Competition Act (CCCA)—the latest attempt by Washington to regulate payment processing—has significant support from merchants and their lobbyists, including the National Retail Federation and the National Association of Convenience Stores. But not all merchants are keen on the idea.

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In a Nov. 7, 2023, news release, the Consumer Financial Protection Bureau gave notice of a proposed rule that would subject large nonbank players offering digital wallets and payment apps to the same supervisory exam process as banks.

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In a fitting finale to the 2023 payment conference season, the Western States Acquirers Association held its 20th annual conference at the Omni La Costa Resort & Spa in Carlsbad, Calif., attracting more than 1,400 attendees, 150 exhibitors, 50 sponsors and 500 organizations.

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Weeks ahead of the 2023 holiday season, analysts expect retail spend to exceed last year's levels as shoppers leverage an array of digital payment methods.

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Banking giant J.P. Morgan Chase went live with a pay-by-bank solution that leverages the ACH rails and open banking technology from Mastercard. Pay-by-bank is a relative newcomer to the payments scene. It lets merchants offer customers the ability to pay directly from their bank accounts, using either the ACH rails or an instant-payment network like RTP.

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