Friday , December 13, 2024

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

Network Divide Over EMV Comes to the Fore as Rumors About a Liability-Shift Delay Surface

By Jim Daly The deep divide within debit networks about bringing Europay-MasterCard-Visa (EMV) chip cards to the United States was on full display Monday at a conference in which a Visa Inc. executive hinted that Visa might be open to a delay in a major EMV deadline. But an executive …

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New York Case Raises Questions About the Future of States’ Bans on Credit Card Surcharges

By Jim Daly An injunction that puts New York State’s ban on merchants’ credit card surcharges on hold could be a prelude to a bigger legal assault on states’ surcharge restrictions. If pro-surcharging merchants prevail, their actions could add some oomph to a provision in the pending settlement of unrelated …

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A More Inclusive American Express Paints Its Serve Prepaid Card Program Blue

Taking a cue from its Bluebird prepaid card for customers of Wal-Mart Stores Inc., American Express Co. today relaunched its Serve prepaid card with new features, more reload locations, and new retailer partners along with no reload fees at 14,000 7-Eleven and CVS/pharmacy locations, and a $1 monthly fee that …

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Dueling Studies Reach Opposite Conclusions About Consumers’ Durbin Savings

Durbin Amendment critics have long accused merchants of pocketing the billions they’ve saved since the amendment’s highly controversial debit card interchange price controls took effect two years ago Tuesday. Now, however, retailers are rolling out a study estimating that merchants passed on $5.86 billion in Durbin-related savings to consumers last …

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Make Payments Faster, And Stop Trying to Start New Networks, Fed Conference Speakers Say

When it comes to payments, the United States might be considered the land of the gap, according to a Federal Reserve assessment issued earlier this month. The assessment is the first of a three-part research study aimed at spurring the modernization of U.S. electronic payments, which many public-sector researchers and …

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Another Google Wallet Breakthrough: an App for Apple’s Popular iPhone

By Jim Daly In its second major Google Wallet announcement of the week, search-engine giant Google Inc. today said it is bringing the digital wallet for the first time to Apple Inc.’s iPhone, a move that opens the wallet to tens of millions of potential new users. And like Tuesday’s …

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New Google Wallet Plays Up Loyalty And P2P Payments, Downplays NFC

Google Inc. on Tuesday unveiled a new mobile app for its Google Wallet that emphasizes the wallet’s loyalty and person-to-person payments features that in the past had taken a back seat to its point-of-sale payment capability based on near-field communication (NFC) technology. The app is now available to all smart …

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Xoom Raises Extra Cash And Pleases Wall Street With a Post-IPO Stock Sale

Investors may be disappointed with Apple Inc. in the wake of that tech giant’s introduction of two new iPhone models, but they’re plenty happy with digital wire-transfer company Xoom Corp. San Francisco-based Xoom on Tuesday raised $85.6 million in a new stock offering, about $20 million more than it expected …

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Hearing Will Be a Milestone in Interchange Litigation, But Maybe Not the End

  Eight years from their genesis, the lawsuits challenging bank card interchange now collectively known as MDL 1720 are scheduled to reach a milestone Thursday when U.S. District Judge John Gleeson convenes a so-called fairness hearing in his Brooklyn, N.Y., courtroom. The hearing’s purpose is for Gleeson to determine whether …

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The IRS Delays for a Year Withholding on Card Volume Arising From Data Discrepancies

The Internal Revenue Service is delaying for a year its planned withholding requirement for payment-card-accepting merchants whose names and taxpayer identification numbers (TINs) supplied by their merchant processor do not match the corresponding information the IRS has on file, the Electronic Transactions Association reported to its membership today. The delay …

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