Digital Transactions Authoritative, insightful and timely information for payments professionals
The Internet revolt over bills in the U.S. House and Senate aimed at thwarting online piracy might have a welcome side effect for merchant acquirers in possibly getting them out of an unwanted role as deputies charged with enforcing public policy. The online encyclopedia Wikipedia captured international headlines Wednesday when …
Read More »Marching to the Point of Sale, PayPal Strikes Its First Terminal Agreement
n Ingenico has been piloting PayPal acceptance for six months, Greg Burch, director of business development at the terminal vendor, tells Digital Transactions News. Burch refuses to name the merchant involved in the pilot, but news emerged last week that Home Depot, which uses Ingenico devices, is testing PayPal …
Read More »PayPal Says It Did $4 Billion in Mobile Volume in 2011, Projects $7 Billion for This Year
PayPal Inc. on Wednesday projected its mobile-payments volume this year will reach $7 billion, nearly doubling the $4 billion it now says its mobile service processed in 2011. The final number for last year came in significantly higher than the $3.5 billion PayPal was estimating late in the year and …
Read More »An FTC Settlement Highlights Regulators’ Concerns with Third-Party Risk
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Read More »Intuit Plants GoPayment’s Flag in Canada and Upgrades Its Card Reader
Intuit Inc. plans to export its GoPayment service to Canada in the next few months, beating out rival Square Inc. as both companies prepare for international expansion of their smart-phone-based payment services aimed at the smallest of merchants. Intuit also is rolling out a new card reader for mobile devices, …
Read More »Global Payments Set To Buy CyberSource’s U.S. Merchant File From Visa
Confirming its earlier signals that it does not want to be a direct U.S. merchant acquirer, at least not yet, Visa Inc. plans to sell its portfolio of just over 9,000 U.S. e-commerce merchants to merchant processor Global Payments Inc. within the next two months. Atlanta-based Global divulged the …
Read More »Acquirers, Small Merchants See More Risk-Reduction Value in PCI, Survey Shows
The 7-year-old Payment Card Industry data-security standard (PCI) is proving its effectiveness in preventing data breaches among small merchants, according to a survey of payments-industry acquirers set to be released next week. The survey, cosponsored by ControlScan Inc., an Alpharetta, Ga.-based vendor of PCI-compliance solutions, and the Merchant Acquirers’ Committee, …
Read More »New DoJ Interpretation Could Lead to State-by-State Online Betting, Despite UIGEA
A 5-year-old law that bans U.S. banks and processors from handling online-gambling transactions won’t stand in the way of a U.S. Justice Department opinion released last week that appears to put the federal government's imprimatur on intrastate online betting. The DoJ on Dec. 23 released a 13-page memorandum giving states …
Read More »Free-Equipment Pioneer United Bank Card Hints at Enhancements to Come
Despite criticism that free point-of-sale terminals for card-accepting merchants undercut independent sales organizations’ profitability, the company that started the trend back in 2004 remains staunchly committed to the strategy. The investment in hardware is more than returned in reduced attrition, says Jared Isaacman, chief executive of United Bank Card Inc. …
Read More »Intuit Launches a Feature That Lets QuickBooks Online Users Accept Visa, MasterCard
Bowing to feedback from small-business users, Intuit Inc. this week added the capability of accepting credit and signature debit cards to its QuickBooks Online product. The new capability allows users to accept Visa and MasterCard cards in addition to the existing ability to accept bank-account transfers through the automated clearing …
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