Digital Transactions Authoritative, insightful and timely information for payments professionals
A new point-of-sale card-acceptance app expected to be available in early 2014 will use pattern-recognition technology to capture a payment card number, potentially speeding up an in-store transaction and eliminating the need for a card reader. n Cartwheel Register eschews a card reader that plugs into the audio jack in …
Read More »Rising with Holiday Shopping, Chargebacks Are on the Naughty List for Most Merchants
Chargebacks may not be lumps of coal, but many merchants may consider them as such this holiday season. n Chargebacks are the process by which cardholders contest charges they didn’t make or don’t recognize when they receive their statement. A chargeback filing typically requires a merchant to dig up supporting …
Read More »Postponement of October 2015 U.S. EMV Liability Shift Is Likely, a DTN Poll Finds
The first major deadline in the transformation of U.S. credit and debit cards from magnetic-stripe tokens to smart cards embedded with a chip is just under two years away. Come October 2015, the liability for fraudulent transactions shifts to merchants that do not support the chip card standard EMV. n …
Read More »Apple Job Posting Suggests It May Have a New Payments Platform on the Drawing Board
An Apple Inc. job posting seeking a software engineer with expertise in payments may be an indicator of an Apple play in payments beyond its current efforts. Or, it may not. The computer and retail giant is looking for a senior software engineer to “help build a next generation payment …
Read More »ABnote Adds NFC Support to its Mobile Wallet Via OTI’s Audio-Jack Plug-in Device
ABnote is adding support for near-field communication (NFC) technology to its miWallet mobile wallet with the addition of the Wave device from Israeli technology vendor On Track Innovations Ltd., ABnote recently announced. The device connects to mobile devices using the audio jack on smart phones and tablets. When connected, it …
Read More »Google Gets Physical with the Debut of the Google Wallet Card
Google Inc. today announced the availability of a payment card to accompany its Google Wallet online and smart phone-based service. The card, which is funded by money held in a consumer’s Google Wallet account, can be used at point-of-sale locations that accept MasterCard Inc. transactions. MasterCard was part of …
Read More »New AnywhereCommerce Card Reader is Smaller and Cheaper than Its Predecessor
AnywhereCommerce, a Montreal-based engineering firm, has released an updated version of its Nomad wireless chip-card reader that is smaller and less expensive than the inaugural version of the device, the company announced Tuesday. Nomad 2.0 uses Bluetooth wireless technology to connect with mobile devices operating on Google Inc.’s Android, Apple …
Read More »Within Five Years, Caps on Credit Card Interchange Are Likely, According to a DTN Poll
With debit card interchange rates already regulated, a majority of respondents to a Digital Transactions News poll consider caps on credit card interchange within five years as very likely. n Though no such legislation is under review at this time, the response suggests few would be surprised should it appear. …
Read More »Ingenico Debuts an EMV-Capable Mobile Acceptance Service, with U.S. Launch in 2014
Payment-terminal maker Ingenico S.A. is debuting the Roam Mobile Commerce Manager in eight nations, including the United States in early 2014. The service is currently available in Mexico, France, Belgium, Italy, Australia, Brazil, and Norway. Details about the U.S. version of Mobile Commerce Manager will be available once it launches …
Read More »A New Harbortouch POS Terminal Incorporates EMV and NFC Payments
Independent sales organization Harbortouch has released a new payment terminal that incorporates near-field communication, a smart card reader and a magnetic-stripe reader. Dubbed Perkwave, the terminal, which carries no cost except for transactions processed through it, includes a contactless card reader adorned with a consumer-facing display. Point-of-sale device maker …
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