Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart At Infinite Peripherals Inc., there’s nothing peripheral about the mobile point of sale. The Elk Grove Village, Ill.-based company, whose stock in trade is not the mobile device but just about anything that can be connected to it, is growing rapidly in tandem with the soaring popularity …
Read More »DTN Readers Are More Skeptical Than Experts on Benefits of First Data IPO
By John Stewart When First Data Corp. last month formally let the world know it intends to make an initial public offering of stock, the massive processor said it plans to use the IPO’s proceeds to reduce its big debt load. Some experts said this could free up capital so …
Read More »Apple Pay Could Reap a Volume Bonanza as It Includes AmEx Corporate Cards
Corporate card stalwart American Express Co. says corporate cards it issues on behalf of U.S. employers now can be used with Apple Pay. AmEx says its portfolio is the first major corporate card file to be activated for Apple Inc.’s mobile-payment service. Apple Pay’s potential for additional spend with corporate …
Read More »Looking for Nationwide EMV by October? Don’t Hold Your Breath, Surveys Say
With just 55 days to go, separate studies released this week show that the Oct. 1 target date for the U.S. to adopt the EMV chip card standard is looking more and more like a psychological deadline than a real one. Both merchants and credit and debit card issuers are …
Read More »It May Be POS Alphabet Soup, But It’s Getting Easier for ISVs To Assume ISO Functions
By John Stewart With the business of selling merchant accounts growing more technology-based every day, how are processors going to recruit new independent sales organizations that have the necessary expertise? For at least some processors, the answer lies in inducing independent software vendors, known as ISVs, to become ISOs as …
Read More »EMV Becomes All-Consuming Topic at a Trade Show for the Broader POS Industry
The broader business of point-of-sale technology has many concerns that include payments but aren’t limited to that function. These days, though, it may seem that payments—and especially EMV—is all this business talks about. This was certainly the case this week at RetailNOW, a four-day conference in Orlando, Fla., produced by …
Read More »As MCX Plans Pilot for Late August, Observers Ponder Fate of Its CurrentC Wallet
By John Stewart After a three-year gestation period, the Merchant Customer Exchange’s CurrentC mobile-payment service is planning to launch a pilot in Columbus, Ohio, during the last week of August, a source with knowledge of the matter tells Digital Transactions News. The pilot will involve locations belonging to a handful …
Read More »Five Years Later, What’s the Bottom Line on Durbin? Well, It’s Complicated
By John Stewart Five years after it became the law of the land, the Durbin Amendment remains as controversial as it was then, with virtually no agreement in sight on such questions as whether merchants have cut prices in response to interchange savings or whether consumers have paid more for …
Read More »Apple Pay To Hit 1.5 Million U.S. Acceptance Locations by Year’s End, Apple’s CEO Says
Apple Inc.’s Apple Pay mobile-payments service will soon more than double the 700,000 acceptance locations it had this spring, according to figures the Cupertino, Calif.-based computer and smart-phone maker released Tuesday. “We’re on track for Apple Pay acceptance at over 1.5 million U.S. locations by the end of 2015,” Apple chief …
Read More »MWAA Wrapup: Where ISOs Should Butter Their Bread; The Fed on Faster Payments
The annual MidWest Acquirers Conference concluded Thursday in Chicago with a series of sessions addressing several hot-button payments issues. Here’s a rundown of the more salient remarks: —Whither the independent sales organization? With the fundamentals of the acquiring business rapidly turning towards mobile and cloud-based technology, ISOs are finding themselves …
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