Digital Transactions Authoritative, insightful and timely information for payments professionals
A Phoenix-area company called Better ATM Services Inc. thinks it has a better idea for merchandising prepaid cards: sell them directly at ATMs, with cards dispensed through the same slot that dispenses cash. Founded in 2005, the Mesa, Ariz.-based firm is now implementing its ideas at five local restaurants. Thomas …
Read More »Sued by FTC, MPI Begins Turnaround, Looks to Expand to Midwest
The new chief executive of Merchant Processing Inc. says his independent sales organization is on the road to recovery five months after the Federal Trade Commission accused the ISO and its then president of defrauding merchants and had MPI placed in receivership. James Keller, a certified public accountant with experience …
Read More »Why POS Merchants Don’t Buy in to Payment Security
Data Insecurity Part 4 Securing transactions at the point of sale seems like child's play compared to the Internet, and since the payments volume is 20 to 25 times the size of online transacting, a natural venue for improved data security. But the rash of data breaches (covered in Part …
Read More »Striking New York City Cab Drivers Want To Drop off Cards
Merchants often grumble about the costs and hassles of accepting payment cards, but rarely do they go on strike in protest. But that's what some New York City taxicab drivers started doing on Wednesday, though their gripes involve more than just cards. According to late-morning wire-service accounts, an unknown number …
Read More »How a Software House Sells Remote Capture Directly to Merchants
Omaha, Neb.-based RemitPro Inc. is teaming up with payment processor Vanco Services LLC to open up a new category of smaller merchants to the developer of electronic-check software while removing the need for those businesses to change banks. RemitPro produces the eRemitPro data-capture and imaging application used by 150 clients …
Read More »Visa Gets a Boost for Prepaid Partial Authorization from Shell
Nearly 4,000 gasoline stations branded by Shell Oil Co. have so far adopted a technical change from Visa USA that allows merchants to cut off delivery of a product on a prepaid card transaction as soon as the funds in the account are exhausted. Shell plans to roll out the …
Read More »Check 21, BOC Come to E-Commerce Via USA ePay-Digital EFT Deal
The payment gateway business may be consolidating, but smaller players are trying to survive by adding services to meet e-commerce merchants' demand for more diversified payment options than simply credit cards. This week, for example, Los Angeles-based USA ePay announced that it is offering Digital EFT Solutions LLC's DEFT Deposit …
Read More »Why a Small Bank Sees Big Things in College Prepaid Programs
A small Oklahoma banking company is looking to an ambitious university prepaid card deployment, which also involves contactless payment, to help it diversify a prepaid service it offers primarily to the Hispanic population. Central National Bank, Enid, Okla., is issuing PIN-based prepaid debit cards to the 10,300 students, faculty, and …
Read More »More Contactless Taxis with MasterCard-VeriFone Projects
MasterCard Worldwide announced on Thursday that taxis in New York City are accepting contactless cards in a program that will include 5,000 vehicles by December. The bank card network also said a so-far undetermined number of Las Vegas cabs will take place in a contactless pilot in Las Vegas that …
Read More »Visa Sets Interchange Penalty Under PCI: A One-Tier Downgrade
Acquirers will be penalized one interchange tier for large merchants that qualify for volume-based tiered rates and fail to show compliance with the Payment Card Industry data-security standard (PCI) by Sept. 30, Visa USA says. In a document it released earlier this month to its members, Visa clarified an interchange …
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