Sunday , November 24, 2024

Digital Transactions News staff

COMMENTARY: Think Apple Pay is the Biggest Thing in Payments? You’re Missing the Poynt

By Rick Oglesby, Double Diamond Payments Research Apple Pay was the talk of the Money20/20 trade show last month, but should it have been? Before Apple Pay can become a dominant payment vehicle, merchants need the ability to accept it (only about 2% of merchant locations can do so today), …

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MasterCard Makes an Interactive Card Investment

MasterCard Inc. said Monday it is taking a two-pronged approach to developing interactive payment cards with an investment in Dynamics Inc., a maker of interactive payment cards, and a deal to commercialize the devices. Pittsburgh-based Dynamics makes payment cards that have features such as buttons, display and light-emitting diodes (LEDs). Consumers can …

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Security Firm Predicts Hackers Will Target Apple Pay and ATMs in 2015

What’s that big, juicy new target out there for cyber-hackers? Apple Pay, of course. And don’t forget ATMs, either, since many deployers have yet to upgrade machines running old, increasingly vulnerable versions of Microsoft Corp.’s Windows XP operating system. Apple Pay and ATMs are included on Woburn, Mass.-based data-security services …

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Cyber Monday Online Sales up Nearly 9% As Apple Continues to Outpace Android

Well into the annual Cyber Monday shopping frenzy, online sales are up nearly 9% compared to last year, while mobile devices are driving more traffic and sales, continuing a trend established on Thanksgiving and on Black Friday. That’s according to IBM Corp.’s Digital Analytics service, which is reporting periodically on …

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Health-Care EFT Transaction Volume Via the ACH Grows Nearly 180% in a Year

Health-care electronic funds transfers via the automated clearing house network increased by 177% from October 2013, the first full month a new rule intended to spur such payments was in effect, through September 2014, ACH governing body NACHA reported Monday. Herndon, Va.-based NACHA says transaction volume in September was 15.5 …

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Online Sales Jump on Black Friday And Thanksgiving, With Apple Far Ahead of Android

With Black Friday results nearly in the books, the holiday-shopping season has officially started, though some observers argue it really began this year on Thanksgiving day itself with a flurry of mobile commerce. Much of that commerce is being driven by users of Apple Inc. devices. Controlling by far the …

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Merchants May Need a Map To Navigate Multiple Token Schemes: Analyst

  No doubt merchants and the payments industry understand the value of removing valuable cardholder data from merchant payment systems via tokenization. Doing so, however, may complicate merchants\' data-security practices and carry costs, suggests Avivah Litan, vice president and analyst at advisory firm Gartner Inc., in a blog post. Tokenization …

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E-Commerce Spending for November Up 11% Over 2013, comScore Reports

Electronic-commerce spending from work and home desktop computers from Nov 1-23 hit $17.5 billion, up 11% from $15.8 billion in the same period a year earlier, Internet metrics firm comScore Inc. reported Tuesday. Most e-commerce spending is charged to credit and debit payment cards, so the early results for the …

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Gift Cards Top Holiday Wish Lists, With Total Spending Estimated at $31.74 Billion

  Consumers want gift cards this holiday season, but are reluctant to ask for them, finds a survey from CashStar Inc., a Portland, Maine-based company that specializes in e-coupons and digital gift cards. Meanwhile the National Retail Federation forecasts that consumers will spend $31.74 billion on gift cards this holiday …

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MasterCard: Sub-Merchants Don’t Need To Own Accounts Until Volume Hits $1 Million

In what observers say indicates a growing acceptance of merchant aggregation by payment networks, MasterCard Inc. has increased by 10 times the charge-volume threshold at which a so-called sub-merchant must get its own merchant account. In addition, MasterCard’s recent rule changes preserve back-office settlement procedures that, had the old $100,000 …

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