Digital Transactions Authoritative, insightful and timely information for payments professionals
When it comes to Apple Inc.’s popular Apple Pay mobile-payment service, some players might figure it’s better to be late than never to participate at all. Issuer Discover Financial Services says consumers will be able to use Discover credit and debit cards with Apple Pay beginning this fall. Apple Pay …
Read More »Mobile Wallet Relies on ACH for Lower Merchant Fees
A mobile wallet that uses the automated clearing house network to provide merchants with low acceptance costs is in tests with Team One Credit Union in Saginaw, Mich. MShift Inc., of Newark, Calif., is the developer of the mobile wallet it calls AnyWhereMobile. The app is integrated into Team One’s …
Read More »Confluence of Trends Creating a “Golden Age” for Merchant Portfolios?
The allure of recurring revenue combined with low interest rates and investors prospecting for new assets are contributing to a potentially prosperous time for sellers of merchant portfolios. That’s the assessment from a presentation Tuesday at the Southeast Acquirers Association annual conference in New Orleans. Also, the Electronic Transactions Association …
Read More »The Ultimate Payment Machine? FIS’s ‘Garage’ Explores In-Car Payments
The newest market for payments may one day lie inside a more than 100-year-old machine: the car. Just as payments is evolving to incorporate watches and fitness trackers, so too are futurists looking at how payments might make the move to cars. Jacksonville, Fla.-based Fidelity National Information Services Inc. is …
Read More »New POS Malware Hides in Plain Sight
Criminals have developed a new family of point-of-sale malware that hides in plain sight, riding along with core processes inside Microsoft Corp.’s Windows operating system, says Chicago-based Trustwave Holdings Inc., which uncovered the malware during a recent U.S. Secret Service investigation. Dubbed “Punkey” because of the “unkey” command within its …
Read More »CoCard, Xpress-pay Team up To Target Insurance, Other Emerging Markets
Independent sales organization CoCard Anderson and bill-payment software company Systems East Inc. are targeting insurance, government, and utilities merchants in a new program announced Tuesday. Merchant processing is not as widely adopted in these merchant categories as in retail, making them attractive prospects, CoCard says. In the deal, Systems East, …
Read More »Trust Issues: Banks Losing Favor Among Consumers
Up against determined competition from big technology companies, financial institutions have always reassured themselves that they still have an edge in payments when it comes to consumer trust. Now, that edge appears to be eroding fast. On the question of consumer trust, banks and financial institutions are losing ground to …
Read More »Younger Consumers Inclined To Choose Debit, Especially for the Rewards
Debit-rewards programs offered by banks appear to be rebounding a little, with younger consumers more motivated than other age groups to use them. That’s according to a new report from payments-research firm Mercator Advisory Group Inc. Debit rewards programs fell out of favor with banks following passage of the Durbin …
Read More »Card-Linked Offers Gaining Favor Among Consumers: Survey
Card-linked offers appear to be gaining consumer favor, according to results of a survey from the CardLinx Association, a Burlingame, Calif.-based trade group. Over the past 12 months, consumer use of card-linked offers increased 92%, the association said. It surveyed more than 50 companies. Other survey results show 95% …
Read More »Ingenico And Intel To Develop a Point-of-Sale Tablet Supporting EMV and NFC
Point-of-sale terminal maker Ingenico Group and chip-maker Intel Corp. will work on producing a tablet that supports EMV chip card and near-field communication (NFC) transactions, Ingenico announced Thursday. The tablet is in response to the U.S. payment card migration to the EMV chip card standard, and the growing adoption of …
Read More »