Sunday , November 24, 2024

Digital Transactions News staff

AmEx’s Deal With Sam’s Club Will Only Partially Fill the Costco Hole

American Express Co. soon will be accepted at Sam’s Club, the membership-club division of Wal-Mart Stores Inc. The new deal will open more than 650 warehouse stores with thousands of big-spending customers to AmEx, but it still will fall short of filling the big hole that the warehouse-club sector’s biggest …

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Visa’s Latest EMV Snapshot: 127 Million Chip Cards, 295,000 EMV-Accepting Locations

By Jim Daly With the much-heralded EMV liability shift now less than a month away, the United States could be likened to briskly walking, though hardly running, toward the finish line of full-fledged chip card payments. New figures provided by Visa Inc. to Digital Transactions News on Friday show that …

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PayPal To Eliminate Tiered Pricing for Its Smallest U.S. Merchants

PayPal Holdings Inc. will eliminate volume-based price tiers and charge all of its small U.S. merchants 2.9% of the sale plus 30 cents per domestic transaction come Oct. 1, according to a notice the leading online-payments firm began sending to merchants Thursday. The 2.9%-plus-30-cents tier is the highest rate under …

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COMMENTARY: Get Ready for EMV’s Longer—And Different—Transactions

With all the attention being given to the upcoming EMV liability-shift deadline on Oct. 1 in the United States, one important issue is getting overlooked. That’s the effect new chip cards and EMV software and equipment will have on the customer experience. According to a recent report on EMV from …

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Blackhawk Study on E-Gift Cards Shows Why Competition Is Heating up

Electronic gift cards are becoming more popular with consumers, and potentially creating more sales at retailers, finds a new survey from Blackhawk Network Holdings Inc. That will likely mean competition for consumers will heat up as merchants and processors look to cash in. Mercator Advisory Group, which follows the gift …

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Global Payments Will Use Apriva’s EMV mPOS Apps for Android and iOS Devices

Atlanta-based merchant processor Global Payments Inc. will use mobile point-of-sale apps from Apriva Inc. to service its merchants wanting EMV-capable mPOS, Apriva announced Tuesday. The deal sees the AprivaPay Plus app, available for iOS and Android devices, branded with the Global Payments name. Such branded, or white-labeled, agreements enable companies …

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Education—of Consumers and Merchants—Is Now a Crucial Goal For U.S. EMV Rollout

As the Oct. 1 EMV liability-shift date nears, and consumers begin receiving even more credit and debit cards bearing EMV chips, educating them and merchants on how the cards are used takes on even greater importance. Just last week, Target Corp. introduced a video and a series of questions-and-answers explaining …

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Payments Companies Gashed in Bloody Wall Street Rout

Publicly traded payments companies fared slightly worse than the major market indexes Monday in a continuation of a Wall Street selloff triggered by investor worries about China’s economic situation, overvaluation of securities, and the future of U.S. interest rates. Fifty companies tracked by Digital Transactions News fell 4.03% from Friday’s …

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Eye on Security: Visa-Target Settlement; Ashley Madison Hackers Post Payment Data

Visa Inc. has struck a settlement with Target Corp. that would reimburse Visa’s credit and debit card issuers up to $67 million for their expenses related to Target’s massive data breach in late 2013. Meanwhile, hackers who stole data from the Ashley Madison Web site have posted seven years of …

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Instant Deposit Could Be a Hit With Sellers, But How Long Before Copycats Arrive?

By John Stewart A new service from Square Inc. that accelerates merchants’ access to their funds in return for a 1% fee is likely to gain popularity among the small sellers that primarily use Square for transaction processing, according to some observers. That may hand Square a key advantage in …

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