Sunday , November 24, 2024

Digital Transactions News staff

It’s ‘Fits and Starts’ in Mobile-Payments Evolution, Finds An IDC Survey

  An industry as intrinsic to commerce as electronic payments is unlikely to make wholesale moves to new technologies like mobile payments. That applies to consumers, too, who appear to be moderating their use of mobile payments. Data from the IDC Financial Insights 2014 Consumer Payments Survey reveal that consumer …

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Euronet’s Money-Transfer Business Poised To Get a Big Lift From New Wal-Mart Deal

It may be headquartered in Leawood, Kan., but payment-services provider Euronet Worldwide Inc. looks abroad for most of its revenues. Thanks to a new deal with Wal-Mart Stores Inc., however, Euronet’s Ria unit is about to become a major force in domestic wire transfers. Bentonville, Ark.-based Walmart on Thursday unveiled …

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In the Wake of Its Effort to Tokenize Card Numbers, The Clearing House Turns to the ACH

The Clearing House Payments Co. LLC, which last summer announced its effort to tokenize payment card numbers, is now mulling a related system that would similarly mask sensitive consumer information related to automated clearing house transactions, and may have a proposal ready by year’s end. “It’s something we’ve spent a …

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Following Star, Accel, and Pulse, NYCE Selects Visa’s EMV Debit Technology

  Debit network NYCE says it will use Visa Inc.’s common application identifier technology on chip debit cards, marking yet another regional debit network’s acceptance of a critical component to enabling Europay-MasterCard-Visa chip card acceptance in the United States. This is NYCE’s first formal EMV license, says Fidelity National Information …

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Mercury Payment Systems Files Registration Statement for Possible IPO

The merchant-acquiring industry might soon get another publicly traded company should independent sales organization Mercury Payment Systems Inc. follow through on plans to sell a minority stake in the company. n Mercury Payment Systems Inc.’s operating subsidiary, Mercury Payment Systems LLC, currently is 62% owned by an affiliate of private-equity …

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It’s Wal-Mart vs. Visa in Yet Another Payment Card Interchange Battle Royal

They’ve met in court before, and it looks like they’re going to meet again: Wal-Mart Stores Inc., the No. 1 retailer, against Visa Inc., the No. 1 payment card network. As usual, the subject is interchange and payment card acceptance rules. Bentonville, Ark.-based Wal-Mart is suing Visa for alleged violations …

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Merchant Warehouse’s Opticard Purchase Intended To Enhance Small Business Products

  Merchant Warehouse Inc. has bought gift and loyalty provider Opticard and has plans to offer its services as part of bundled transaction services to merchants. Scottsdale, Ariz.-based Opticard, which will continue to operate independently, sells gift and loyalty card services to small businesses. Merchants can use Opticard programs to …

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Burger King Has Its Way With a New Mobile-Payments and Loyalty App

It may perennially trail McDonald’s Corp. among the leading U.S. hamburger chains, but Burger King Worldwide Inc. is on track to take the lead in mobile payments. Miami-based Burger King this week said it plans to roll out a smart phone app offering mobile payments and digital-coupons beginning in April. …

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NACHA’s Latest Gambit for Faster Payments Stirs Cautious Optimism Mixed with Wariness

A fresh proposal to introduce a same-day settlement capability for the automated clearing house network is encountering cautious optimism mixed with a healthy dose of skepticism among expert observers. But NACHA officials clearly see the new proposal not only as a blueprint for speedier payments but also as a first …

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Smucker’s Hacked E-Commerce Site To Reopen Soon; Sally Beauty Confirms Breach

The J.M. Smucker Co.’s online store is expected to reopen next week, nearly a month after the jam-and-jelly producer closed it after discovering that hackers had broken into its computer system and stolen payment card data and other personal information on up to 23,000 customers. In other data-security news, beauty …

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