The newest market for payments may one day lie inside a more than 100-year-old machine: the car. Just as payments is evolving to incorporate watches and fitness trackers, so too are futurists looking at how payments might make the move to cars. Jacksonville, Fla.-based Fidelity National Information Services Inc. is …
Read More »As EMV Deadline Nears, CardFlight Preps a Mobile Reader for Chip And Signature
Mobile point-of-sale service developer CardFlight Inc. will make an EMV chip card-compatible mobile POS reader available in the second quarter, in anticipation of the Oct. 1 liability shift. That’s the date card fraud at the point of sale is scheduled to shift to the party least prepared for it. The …
Read More »The Fed Finds Rising Mobile-Payments Adoption, But Big Hurdles Hinder Usage
The number of mobile-payments users in the United States is growing steadily, but most mobile-phone owners still find other payment methods more convenient, and the frequency of payment use with phones is still low. These are among the conclusions of a Federal Reserve consumer survey conducted in December that also …
Read More »Eye on Mobile: Mobile Devices Becoming More of a Retailer Ally in Authenticating Online Consumers
Smart phones may become a strong ally to fraud-plagued e-commerce merchants in helping to verify the location and identity of an online shopper. Online fraud is often committed by criminals who manipulate their computer’s location data and other attributes to make it appear they are who they say they …
Read More »Acculynk’s Mobile Update Brings PIN Authentication to Online EMV Purchases
Merchants looking for a way to secure e-commerce and mobile-commerce transactions made with credit and debit cards have a new option with the debut of an update to Acculynk Inc.’s PaySecure service. The Acculynk technology allows consumers to make PIN-based transactions on their PCs and mobile devices. The Atlanta-based …
Read More »COMMENTARY: Banks Are Responsible for Weak Authentication in Apple Pay Fraud
Apple Inc.’s Apple Pay mobile-payment system has taken some hits over rumors of rampant fraud. According to some reports, Apple Pay fraud is 60% higher than mag-stripe credit card fraud. And now, with the announcement two weeks ago of the Apple Watch and its support of Apple Pay, there is …
Read More »ShopKeep Buys Long-Time ISO Partner Payment Revolution To Offer Integrated Payments
ShopKeep.com Inc., a provider of tablet-based point-of-sale technology, on Wednesday announced the formation of a new payments division built around its long-time independent sales organization partner, Payment Revolution LLC, which ShopKeep has acquired for an undisclosed price. Payment Revolution co-founder and chief executive Etie Hertz is now senior vice president …
Read More »75% of Apple Pay Users Make Repeat Apple Pay Purchases At Same Locations
Retailers like nothing more than for a new customer to become a familiar customer, and that seems to be happening with a portion of Apple Pay users, finds a report from Auriemma Consulting Group. New York-based Auriemma says data from its Apple Pay tracker survey, which canvasses Apple Pay use …
Read More »Apple Data Indicate U.S. Contactless Payment Locations Have Nearly Tripled
Apple Inc. chief executive Tim Cook said Monday that nearly 700,000 U.S. merchant locations now accept the Apple Pay mobile-payment service, compared with the 220,000 locations reported to have accepted the service when it launched last October. Since Apple Pay relies on near-field communication (NFC) contactless technology to enable Apple’s iPhone …
Read More »Shopify Makes App Free and Expands POS Service to iPhones
Online-commerce company Shopify Inc. has made its Shopify POS app free for its merchants and introduced an iPhone version of the payments service, the company recently announced. The app, which launched in 2013, includes a card reader. The new app replaces the Accept Payment option in Shopify Mobile, the Ottawa, Ontario-based company’s …
Read More »