Online commerce has hit a trifecta of sorts. New Jersey on Tuesday became the third state, in addition to Nevada and Delaware, to allow some forms of online gaming. And with its debut, more payments companies are at work on providing services to gaming operators and their users. n Registered …
Read More »A Wendy’s Operator Looks To Speed Up Crucial Drive-Through Sales With Toll Tags
So far, the passes have chopped an average of 15 seconds off drive-up service times for the close to 600 customers who have registered their devices for the program. “That’s huge for us,” Stephen Baclini, president of Rawson Food Service, which operates six Wendy’s stores on the island, tells Digital …
Read More »Isis Launches Nationwide in Face of Questions About Merchant And Consumer Adoption
Consumers with compatible smart phones now can load the Isis mobile wallet onto their devices and pay with a tap anywhere contactless payments are accepted in the United States. Isis is a payment scheme backed by wireless carriers AT&T Mobility, Verizon Wireless and T-Mobile USA. The smart-phone wallet, which …
Read More »Survey Revealing Undisclosed Intrusions Indicates Data Breaches Are Under-Reported
The actual number of data breaches taking place in the United States may be much higher than generally understood, if a recent survey of corporate security professionals is any indication. The canvass of some 200 so-called malware analysts working for large and small enterprises revealed that fully 57% have dealt …
Read More »NACHA Proposals for Reducing Exceptions Include New Fines for Sloppy and Risky Originators
In an effort to reduce the volume of returned transactions and motivate banks to crack down on originators of incorrect or risky automated clearing house payments, ACH network governing body NACHA today proposed two new rules to improve transaction quality. One would set new fines that the network could assess …
Read More »The PCI Council Unveils Its ‘User-Friendly’ Version 3.0 of the PCI Security Rules
Better management of passwords and prevention of point-of-sale terminal tampering are just two features of the new Version 3.0 of the Payment Card Industry data-security standard that the PCI Security Standards Council unveiled Thursday. On its surface, Version 3.0 looks much the same as the previous edition, 2.0, which the …
Read More »Google’s NFC Move Hands New Opportunity to ISOs, But Much Depends on Carrier Reaction
Independent sales organizations and other acquirers could exploit Google Inc.’s move to decouple mobile payments based on near-field communication technology from a phone-based secure element, observers say. At the same time, much depends on how the mobile carriers, which have held tight control over the secure element, react to Google’s …
Read More »Visa, MasterCard Post Big Volume Gains As They Fight for Credit, Debit Card Spend
U.S. bank card purchase volumes rose in the 10% range in the quarter ending Sept. 30, with MasterCard Inc. growing faster than Visa Inc. in debit and Visa gaining faster than MasterCard in credit. MasterCard on Thursday reported total U.S. credit, charge, and debit card purchase volume of $267 billion, …
Read More »First Data’s Acquisitions Perk Up as Processor Hunts for Revenue-Generating Tech Partners
Leading payment card processor First Data Corp. on Tuesday announced it had bought Perka Inc., a startup that provides smart-phone-based loyalty programs for merchants. The Perka buy comes just a few weeks after First Data unveiled a tablet-based point-of-sale system from Clover Network Inc., another startup that it quietly bought …
Read More »An Open Letter: Let’s Put a Stop to Criminal Practices in Our Industry—Now!
(An Open Letter to the Electronic Payments Industry) n On October 16, 2013, I delivered a keynote address to the Strategic Leadership Forum of the Electronic Transactions Association (ETA) on my views of the evolution of the payments industry. At the beginning of this address, I told the audience that …
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