Retailers like nothing more than for a new customer to become a familiar customer, and that seems to be happening with a portion of Apple Pay users, finds a report from Auriemma Consulting Group. New York-based Auriemma says data from its Apple Pay tracker survey, which canvasses Apple Pay use …
Read More »Nearly Two-Thirds of Organizations Fall Out of PCI Compliance a Year Later: Report
It’s a sobering statistic. Only 28.6% of the companies surveyed in the Verizon 2015 PCI Compliance Report were still in compliance with the Payment Card Industry data-security standard a year after a successful validation. Released Thursday, the annual report catalogs the state of PCI compliance gleaned from more than …
Read More »Old-Line Risk Modeling Crimps Money, Time, Expertise for Effective Data Security
With the pressure on to secure the digital fortifications of payment data, security professionals say they need more money, more time, and more knowledgeable staff to defend their companies, according to a survey from data-security company Trustwave. In its 2015 Security Pressures Report, of the more than 1,000 security professionals …
Read More »Anywhere Commerce’s Gateway Course Includes Adding NFC-Payment Capabilities
Mobile point-of-sale company AnywhereCommerce will add near-field communications (NFC) payment capability to its mobile hardware in coming weeks, signaling a further shift along its path to becoming a cloud-based payments gateway. That’s the word from William Nichols, Anywhere Commerce’s chief executive. That strategy, implemented about six months ago when Nichols …
Read More »Shopify Makes App Free and Expands POS Service to iPhones
Online-commerce company Shopify Inc. has made its Shopify POS app free for its merchants and introduced an iPhone version of the payments service, the company recently announced. The app, which launched in 2013, includes a card reader. The new app replaces the Accept Payment option in Shopify Mobile, the Ottawa, Ontario-based company’s …
Read More »With Fraud Hitting Apple Pay in Its ‘Soft Underbelly,’ Experts Work on a Fix
Ever since its launch, proponents of Apple Inc.’s Apple Pay mobile-payments service have touted the wallet’s high-tech security features, including tokenization of card credentials, a secure element in the phone locking down those credentials, and fingerprint authentication. But now, only four months after that much-heralded launch, banks that support Apple …
Read More »Synchrony Financial, U.S. Bank Become Early Samsung Pay Backers
Consumers holding credit cards issued by private-label card issuer Synchrony Financial and credit and debit cards issued by U.S. Bank will be able to use their cards with Samsung Pay, a mobile-payment service available this summer. Samsung Electronics Co. announced Samsung Pay Sunday. It can use either near-field communication …
Read More »For $95 a Year, Stratos Promises Ease of Use as a Consolidated Card Service
Consumers wielding multiple credit and debit cards in their wallets have yet another service to use to consolidate them into one electronic payment card. Stratos Inc. on Tuesday introduced its Stratos Bluetooth Connected Card that enables consumers to load multiple cards onto the electronic device. The card begins shipping …
Read More »A Rumor No More, Samsung Pay To Debut This Summer Using LoopPay Technology
Samsung Electronics Co. Ltd. is joining the mobile-wallet and payments fray with its expected launch this summer of Samsung Pay, a service that uses near-field communication (NFC) and technology from LoopPay Inc. it recently acquired. Samsung Pay, available on the coming Galaxy S6 and S6 Edge smart phones this summer, could …
Read More »Mass EMV Chip Card Issuance Awaits: Survey
The deluge of EMV chip cards for the majority of U.S. consumers has yet to happen, finds a survey by ORC International Inc. In the survey of more than 1,000 U.S. adults, only 26% said they had a chip card. That figure increases slightly among consumers with credit cards, …
Read More »