Merchant card fees – Comparison USA & Sweden

Card fees is a hot topic and it’s interesting to compare the US (the largest market) fees with the fees in Sweden, the top country for paying with cards . EU has now ruled the interchange fees (the fee between aquiring and issuing party’s) and they now have a ceiling of 0,2% for debit cards and 0,3% for credit cards.

The average a merchant in Sweden pays today is 1,5 SEK for a purchase with debit card and 1,5 SEK + 1,7% for a credit card purchase.

The average fees for merchants in USA 2014 as of a study by The Nilson Report are;

Visa/MasterCard credit 2.15%
American Express 2,48%
Visa/MasterCard debet 0,75%
PIN debet 0,67%
Private label 1,13%
Discover 1,89%
Total 1,51%
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BlackBerry Priv – last chance with hardware?

I love mobiles and lately there hasn’t been much news in new handsets launched. On November 6th BlackBerry will launch their Priv and with some goodies like; a sliding real keyboard, nice sized battery and software that appeals (eg. BBs best in an Android). For example the BlackBerry Hub.


Sadly now MNOs will be offering the device in the Nordics, but there is local heroes that will sell it :-), price in US $699 and in Sweden 6 000 SEK. Just waiting to get my hands on one and to see and feel the touch-sensitive keyboard, brought over from the BlackBerry Passport, and that allows you to navigate through pages, app screens and more just with a slide of your finger across the keys. We will see if/how it works with all popular Android apps..

See the nice intro video here.

BlackBerry Priv specifications here.

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Half of Swedish population pays with mobile

​The very popular Swedish mobile payment service Swish for paying person-person is now expanding into eCommerce.

Today over half of the population, over 5 million or 51%, are using the service and it’s by far the most used mobile payment service in northern Europe, including the UK. In August only, over 4 billion SEK was paid via the service. Authentication of a payment is done via the even more popular and by far the most used authenticaion method in the country, Swedish Mobile bankID.

The Swish service is soon to be rolled out to also be used as a payment method doing eCommerce transactions. The timing is interesting though a few Swedish banks and with the same timing, will roll-out their new MasterPass based digital wallets also to be used in eCommerce.

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Only 27% of US merchants will be EMV-ready at 1st October deadline

US merchants are less ready for the October 1st liability shift then expected. A recent report from The Strawhecker Group (TSG) has found that only 27% are EMV-ready and will gain the liability shift. Same report shows it will take another 1½ years before 80%+ merchants comply with the new rules.

Major issues is replacements of POS-terminals and processor and gateway readiness. Other things is tech problems like problems with foreign issued cards at payments.

..can one thing creating problems be that US goes for Chip & Signature while rest of the world goes Chip & PIN..

Read an infograph about TSG’s findings here.

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Barclays to be first to offer mobile contactless payments via Android mobiles in the UK

Roll-out of the Android app for NFC will take place next month, enabling customers to use their handsets for ‘touch and go’ payments at over 300,000 locations in the UK, as well as across the London transport network. Transaction values will be limited to £30, rising to £100 if users enter the PIN on their mobile device.

No info yet on when Barclays will jump on the Apple Pay bandwagon in UK.

Read more here Barclays first to offer mobile payments via Android

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Apple Wallet launch September 9 to “fire-up” mobile payment interest

We will see what Apple launch on Wednesday September 9. Most probably Apple Wallet will be launched, a new name instead of Passbook and with new features and the new home for Apple Pay.

Rumours also say that the NFC capability will be expanded beyond payment, for example for use in ticketing and for coupons redemption. Also rumoured is a new NFC hardware that integrates a “secure element processor,” which could potentially eliminate the need for a separate chip dedicated to that task. Also the Touch ID module is to be upgraded, with reduced reading errors for more reliable Apple Pay. More advanced but not to come in this launched is the move of the Touch ID sensor to the screen instead as of today behind the home button. The idea with this move is that the user could point the finger, or more fingers, anywhere on the screen to get fingerprint authenticated.

Another big thing in this launch is Force Touch or as it probably will be called, “3D Touch Display”. This feature makes it possible to distinguish between light and hard pressure on the screen. It’s about 3 different ways to use, knock, press and press hard.

Also new in the iOS9 Wallet is the Offers feature that lets marketers to push offers to users through iAD. Apple will let marketers send out dynamic offers/coupons triggered by location or a user’s interests through iAd.

Anyway, this launch will “fire up” the mobile payment interest even more and will also increase the interest in Android based services.

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The Periodic Table Of Payments Startups

120 payment listed by CB Insights. Click the table to see all.

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