Payments industry professionals attending one of the four regional acquiring conferences can expect to see more from the Electronic Transactions Association at the events. n “This is a conscious effort on the part of the ETA to participate, support them, and engage in mutually beneficial activities,” Oxman tells Digital Transactions …

E-commerce retailers have a unique advantage over their brick-and-mortar counterparts. They typically know quite a bit about a shopper’s purchasing habits, and that helps them create personalized offers that bring back customers to spend more. Index, a San Francisco-based company, hopes to give large brick-and-mortar retailers a tool to enable …

  A historical shift in how some federal financial law-enforcement agencies view the payments industry is under way, and it’s not one that bodes well for the industry, Jason Oxman, chief executive of the Electronic Transactions Association, told attendees at the Southeast Acquirers Association conference this week in Atlanta. Dubbed …

In an unsurprising ruling, a three-judge panel on the federal appeals court in Washington, D.C., upheld the Federal Reserve Board’s controversial rule implementing the Durbin Amendment’s debit card provisions in 2010’s Dodd-Frank Act. A federal district judge last July overturned the rule, saying the Fed hadn’t followed Congress’s intent. Judges …

  Security and convenience-conscious consumers wielding smart phones may one day have a safer and easier way to get cash from ATMs. ATM maker Diebold Inc. is testing a cash-dispensing-only ATM that relies on a mobile wallet to authenticate the consumer, eschewing a PIN pad and card reader. The ATM, …

  Patience is not an online virtue for consumers, and, it appears, for merchants waiting for online approval of their payment-processing account applications. At least that’s the assessment of Tom Dailey, chief executive of 2Checkout, a Columbus, Ohio-based e-commerce payment-services company, which announced this week it has revised its underwriting …

Cachet Financial Solutions Inc.’s acquisition of DeviceFidelity’s Moneto prepaid mobile platform will help open new markets for the remote-deposit capture company. n Remote-deposit capture is Cachet’s core business, Larry Blaney, executive vice president of sales, tells Digital Transactions News. But in the past two years client demand for services beyond …

  A new mobile wallet called CloudPay may undercut traditional payment processing fees that merchants typically pay. Announced earlier this week, CloudPay from New Media Insight Group Inc., a Phoenix-based company, says merchants pay only 0.5% per transaction, a markedly lower rate than traditional pricing that might be as high …

  PowaTag is a mobile commerce app that hopes to make it easier for consumers to buy with their smart phones. Launched this week, PowaTag identifies products using a smart phone’s camera and microphone to detect special cues embedded in print displays, television commercials or online using the PowaTag watermark. …

Consumers wanting a way to make online payments with some anonymity may be able to use the new Pay in Private virtual prepaid card service available as an iPhone or Android app. n “It’s not a solution for everybody,” Klein tells Digital Transactions News. “It’s a solution for a segment …