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NEWS
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.
Isis Shooting for 1,000 Merchants Each in Two Test Cities When Launch Starts in July
Feb. 22, 2012 - The Isis mobile-payments platform plans to go live at about 1,000 merchant locations in each of the two cities it has targeted for what it calls a “soft launch” this summer, ...
The IRS Hears Merchants’ Pleas About Card Receipts, But Will Taxable Sales Go Unreported?
Feb. 17, 2012 - ...
Processor Execs Echo Merchant Sentiment in Favor of PINs for Chip Cards
Feb. 17, 2012 - Some of the nation’s biggest merchants have been adamant for months that they prefer EMV payments with PINs, not signatures, and on Thursday they were joined in that sentiment by a panel of repre...
Mocapay Expects To Hit Its Stride with a Revamped Business Model And Technology
Feb. 15, 2012 - Mocapay Inc., one of the earliest startups in the mobile-payments space, finally is poised to go national with new partners, a different pricing model, and a broadened set of technological options ...
Google Announces a Fix for Prepaid Flaw As Security Holes Plague Its Wallet
Feb. 14, 2012 - Google Inc. late on Tuesday announced a solution for a security flaw in its mobile wallet that allows hackers to gain access to wallet owners’ prepaid accounts. Google also said it had, on Monday...
Plenty of Tests And Contracts, But No High-Speed Route to Contactless Payments
Feb. 13, 2012 - The nation’s largest transit operators are moving toward so-called open-fare payment systems that will enable riders to pay fares with just a tap of a contactless bank card at a subway turnstile ...
Now Taking EMV Cards at Some U.S. Stores, Wal-Mart Prods EFT Networks to Get in the Game
Feb. 9, 2012 - With both Visa Inc. and MasterCard Inc. now on the record with plans to encourage the adoption of EMV chip card and mobile payments in the U.S, it seems all but certain that the magnetic-stripe pay...
Durbin Begins to Bite at Visa As Debit Growth Slows in the Latest Quarter
Feb. 9, 2012 - While acknowledging that federal pricing regulations are crimping growth in its debit card business, Visa Inc. late on Wednesday presented an upbeat report to investors that stressed new ventures l...
Food, Dining Places Especially Vulnerable to Card-Data Breaches, Report Finds
Feb. 8, 2012 - Among all the types of merchants that accept card transactions, coffee shops, pizza parlors, burger places, and food stores might need to keep an extra-careful watch on their card data. If they’r...
Visa Unveils Chip Services As Its U.S. EMV Card Base Crosses the 1 Million Threshold
Feb. 7, 2012 - Visa Inc. reported on Monday that its U.S. financial-institution clients have issued more than 1 million chip cards compliant with the EMV standard. The leading payment card network also introduced...
Datacard, DeviceFidelity Prepare for Mass Issuance of Micro SD Cards for NFC
Feb. 6, 2012 - In a move that could herald a time when card issuers will be able to mass produce specialized cards equipped with near-field communication (NFC) technology, Datacard Group on Monday announced it ha...
As Payments Boom for Facebook, Competition Could Cut into Revenues
Feb. 3, 2012 - Facebook Inc.’s payment operation is booming, according to the registration statement the giant social network filed on Wednesday ahead of a planned initia...
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