Digital Transactions Authoritative, insightful and timely information for payments professionals
The number of EMV chip card-accepting U.S. merchant locations reached 2.3 million in June, up from 2.02 million in March and an increase of 77% from 1.3 million in June 2016, according to new figures from Visa Inc. Visa says in its latest EMV report that half of U.S. storefronts now …
September, 2017
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6 September
A Merchant Focus Tops Tech Savvy in Integrated POS Systems Sales, A New Report Says
Marketers of integrated, cloud-based point-of-sale systems take note. It’s not enough to have full-featured service replete with multiple functions. It also takes a sales approach that is responsive and knowledgeable. That may sound like common-sense idea, but it’s one that has been vetted by The Strawhecker Group in its “The …
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6 September
FTC Settlement Includes Ban and other Digital Transactions News briefs
The Federal Reserve issued a paper outlining “refreshed strategies and nine new tactics” for improving the U.S. payment system; the paper is a follow-up to the Fed’s strategic vision for payments issued in January 2015 and comes in the wake of the July report from the Fed’s Faster Payments Task Force. The Federal Trade …
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5 September
What Growing Pains? In-Store Mobile-Payment Volume Is Rising Fast, Researcher Says
Enthusiasts may lament the slow rate of adoption for mobile payments generally in the United States, but some researchers are forecasting robust growth for contactless payments via mobile wallets at the point of sale. In a recent report, New York City-based research firm eMarketer said so-called proximity mobile payments will exceed $1,000 …
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5 September
Eye on Harvey: First Data, Chick-fil-A Offer Payments Aid to Houston Businesses
As businesses in the Houston area attempt to recover following the devastation of Hurricane Harvey in late August, the payments industry is offering assistance. First Data Corp. is offering thousands of its Clover Go mobile credit and debit card readers free to business owners affected by the hurricane. The offer includes …
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5 September
Researcher Expects Surging Cryptocurrency Transactions To Exceed $1 Trillion in 2017
Driven by higher prices and more usage, the value of cryptocurrency transactions could exceed $1 trillion this year, more than 15 times their level in 2016, a British research firm estimates. Hampshire, England-based Juniper Research in a new report pegs the value of cryptocurrency transactions in 2017’s first half at $325 …
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5 September
My Payment Network Adds Customer and other Digital Transactions News briefs
Performance Matters, which offers professional instruction for public-school educators, has agreed to use SchoolPay, a unit of My Payment Network, to process payments for professional development for teachers in kindergarten through 12th-grade classrooms. MoneyOnMobile Inc., a Dallas-based company with operations in India, said it processed more than 1 million domestic transfers in …
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1 September
Merchant PCI Compliance Improves, But the Process Is Still Vexing, Verizon Report Says
The financial-services industry can take some satisfaction that it has improved its overall compliance with the PCI data-security standard, going from 42.9% of firms in full compliance in 2015 to 59.1% in 2016, as measured in the 2017 Payment Security Report from Verizon Enterprise, the business-services unit of telecommunications carrier …
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1 September
COMMENTARY: How to Spark Successful Organizational Evolution
Change. It’s one of the most feared events in one’s life; personally and professionally. People are scared of the unknown, which makes them naturally resistant to change. This fear is one of the primary reasons why evolving, or changing, an organization is one of the most difficult leadership challenges most …
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1 September
Contactless Spending To Rise and other Digital Transactions News briefs
Total spending via contactless mobile payments in the United States will exceed $1,000 per user for the first time in 2017, reaching $1,026, according to forecasts by eMarketer. Total U.S. contactless mobile payments will hit $49.29 billion this year, up 78.1% from 2016, the firm projects. Fiserv Inc. completed its $89-million, cash acquisition …
