Digital Transactions Authoritative, insightful and timely information for payments professionals
With 58% of U.S. consumers owning a smart phone, according to a report from the Pew Internet & American Life Project, it’s no wonder that retailers want some time and space on the small-screen mobile devices. Apple Inc., which according to the Pew report, has 25% of the smart- phone …
Read More »Report: Mobile’s Lightning Pace Reshapes Payments, Redefines Card-Present Transactions
Because a consumer trying to make a purchase may use a credit or debit card, tap with a contactless card, or scan a bar code, merchants need to know about the range of payment options available to them. That’s why the Smart Card Alliance, a Princeton Junction, N.J.-based association, has …
Read More »Mobile Makes Cyber Monday Gains Among U.S. Holiday Shoppers
Consumers used smart phones or tablets to spend $962 million on holiday purchases across three key shopping days in the past week, further cementing the importance of these devices to retailers. n Adobe says 18.3% of online sales came from mobile devices on Cyber Monday, an 80% increase from last …
Read More »Look Ma, No Card Reader: New App Captures Card Numbers for POS Transactions
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 »Pay And Walk-Away App Debuts To Let Physical Merchants Combat Showrooming
A new smart-phone app hopes to give retailers an edge in capturing sales when consumers use their mobile devices in their stores. Dubbed SelfPay, the app enables consumers to pay for merchandise while standing in a store aisle and leave without stopping at a cash register. Developed by Digital Retail …
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 …
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