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Here are the latest stories from Digital Transactions News. For access to all stories published in the newsletter since its inception, you are invited to visit our Archive.
PCI Council's Latest Mobile Guidance Doesn't End Freeze on App Approvals
May. 16, 2012 - The PCI Security Standards Council on Wednesday published guidance on how merchants can accept card payments through smart phones and tablet computers while protecting sensitive cardholder data. Th...
Payments Players Start to Look to EFT to Speed up P2P Transactions
May. 16, 2012 - Internet PIN-debit technology provider Acculynk Inc. this summer will start a pilot for a person-to-person payment system that will rely on PIN authentication and debit card network links for money...
Weeks Away from Launch, Isis Announces Its First Batch of Merchants
May. 15, 2012 - For months, the carrier-backed Isis mobile-payments initiative could boast just one accepting merchant, the Utah Transit Authority in Salt Lake City, one of two cities it plans to launch its servic...
Errors Plaguing Online Bill-Payment ‘Sausage Factory’ Total $720 Million in Costs
May. 14, 2012 - Those missing account numbers or little typos consumers make when paying bills can cost billers and others in the payments chain big bucks to fix. A recent study for automated clearing house govern...
Late to the Wallet Wars, MasterCard Unveils a Service It Touts As Open, Flexible
May. 8, 2012 - Nearly a year after major U.S. rivals introduced mobile wallets, MasterCard Inc. officially entered the market on Monday with a service that aims to trump competing products by being open to a wide...
Visa Doubles Floor Limit for Credit And Debit at Grocery, Discount Stores
May. 7, 2012 - Visa Inc. in October will double the current $25 purchase limit in its Visa Easy Payment Service to $50 under which no signature or PIN entry will be required for credit and debit card transactio...
Big-Box Retailers Like Wal-Mart Remain Wary of Network EMV Plans
May. 6, 2012 - There’s no federal edict to replace fraud-prone magnetic-stripe credit and debit cards with the more secure EMV chip card, but the payment card networks have unveiled various plans in the past ye...
Interlink Takes a Hit While Antitrust Officials Investigate Visa
May. 3, 2012 - Visa Inc.’s pricing plans for merchant acquirers in the wake of the Durbin Amendment have generated controversy in the acquiring industry, and now they’re attracting scrutiny from the U.S. Depa...
A ‘Hard Core’ of Check Users Likely to Resist Inducements to Convert to E-Payments
May. 1, 2012 - For years, the growth of electronic payments has been fueled by the conversion of check writers into card users at the point of sale, but now those days may be coming to an end. Research, as well a...
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