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ISOs’ Authorization Costs Decline, But Other Processing Expenses Are on Their Way Up
May. 17, 2013 - Good news for independent sales organizations: authorization costs continued their long-term decline over the past two years, according to a recent industry survey. Not-so-good news...

Google Issues Flurry of Wallet News, But No Version 2.0 So Far
May. 16, 2013 - Google Inc. released a trio of announcements on Wednesday concerning its Google Wallet mobile-payments application, but even taken together these did not add up to...

Tablet-Based Launches Come with Pricing Deals to Attract Merchants
May. 15, 2013 - The nascent trend toward tablets as cash-register replacements took several big steps forward this week, as technology players and at least one processor unveiled ...

ATM Heists and Global Payments Hack Demonstrate Havoc from Processor Breaches
May. 13, 2013 - Three recent breaches at payment card processors show just how much damage such breaches can do, and provide reminders about how hacked companies do their best to ...

Google’s Decision to Ditch Its Card Adds to Search Giant’s List of Woes in Wallets
May. 13, 2013 - Google Inc.’s apparent decision to abandon its plan to launch a plastic card as part of its Google Wallet service is yet another sign of how major mobile-wallet ...

Google Wallet’s Cloudy Future Becomes Even Cloudier with the Departure of Bedier
May. 9, 2013 - Osama Bedier, vice president of Google Wallet and payments at search-engine giant Google Inc., has left the company, Google said on Thursday. Sources tell Digital Transactions News...

Checkout Proves To Be the Achilles Heel of Mobile Commerce
May. 9, 2013 - Mobile devices may be making it easier for consumers to shop anywhere online, any time, but high shopping-cart abandonment rates are preventing them from cashing in big on this new ...

Eye on Mobile: An Update from the Fed’s Working Group; Mobile Market Shares
May. 7, 2013 - In mobile payments since early 2011, everything has changed and nothing has changed. That in a nutshell is the conclusion of a paper released ...

Mitek Prepares To Duke It out in Court with USAA over Disputed Patents
May. 7, 2013 - It looks like mobile-deposit software developer Mitek Systems Inc. and its former ally USAA Federal Savings Bank will be going to the mat in their their patent dispute. Despite a ne...

Officials Give Some Hints to Acquirers on How To Stay in Washington’s Good Graces
May. 6, 2013 - Often regarded as the enemy, officials from the federal government gave some friendly advice to merchant acquirers last week about what regulators are concerned with regarding payments, including m...

With ‘Chunky’ Deals in the Works, Vantiv Has High Hopes for its Litle E-Commerce Unit
May. 6, 2013 - Transaction volume at electronic-commerce processor Litle & Co. grew 39% in the first quarter, Litle’s new owner, Vantiv Inc., reported late Monday. Vantiv, a big merchant and...

Inspired by Chase Merchant Services, Other Banks Mull Their Own Potential Deals With Visa
May. 2, 2013 - Visa Inc.’s decision to license a version of its VisaNet processing network to JPMorgan Chase & Co. generated controversy in merchant-acquiring circles when the two companies ...

MasterCard’s CEO Takes Issue with the ‘Wrong Noise’ About the Network’s Digital-Wallet Fee
May. 1, 2013 - MasterCard Inc. chief executive Ajay Banga on Wednesday downplayed the company’s controversial digital-wallet fee and said critics had been generating the “wrong noise” about ...

Nelms: PayPal Deal Helps Make Discover the ‘Alternative Network for Alternative Payments'
May. 1, 2013 - With a major expansion of its arrangement with PayPal Inc. due later this year, Discover Financial Services is now “the alternative network for alternative payme...

First Data Tells Merchant Acquirers That It Won’t Support PayPal Acceptance
Apr. 30, 2013 - Discover Financial Services on Tuesday named six prominent merchant acquirers among 50 committed to helping the network bring acceptance of leading online payment system PayPal to m...

First Data Picks a Top Chase Executive As Its New CEO
Apr. 29, 2013 - Leading payment processor First Data Corp. reached outside the company over the weekend to tap Frank Bisignano, a veteran operations executive with experien...

Picture Clouded on Durbin’s Results for Retailers And Consumers, Study Says
Apr. 29, 2013 - One full year after complete implementation of the controversial Durbin Amendment’s debit card regulations, the impact on both merchants and consumers—the law�...

Execs with Major Retailers Complain EMV Attacks Wrong Problem at Huge Expense
Apr. 25, 2013 - The Europay-MasterCard-Visa (EMV) chip card standard will impose extraordinarily large costs on retailers to attack a relatively low fraud rat...

Organized Crime, Espionage, And ‘Social’ Tactics Drive Recent Data Breaches
Apr. 23, 2013 - Financially motivated cybercrime accounted for 75% of data breaches in 2012, with state-affiliated espionage campaigns aimed at stealing intellectual property ranking second at 20%,...

NACHA Positions the ACH Network To Be a P2P Payments Player
Apr. 23, 2013 - With electronic person-to-person payments volumes booming thanks to an ever-growing list of services from transaction processors, banks and companies such as PayPal, the automated c...

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