News

August, 2016

• 17 August

  New EMVCo Device-Certification Process Could Give a Lift to NFC Mobile Payments

  A streamlined approval for contactless mobile-payment devices announced Wednesday by chip card standards body EMVCo could help mobile-payments boosters realize their elusive dream that the coming of chip cards to the U.S. also will lift smart-phone-based payments. The new approval process is meant to confirm that mobile devices enabled for …
• 17 August

  Eye on Mobile Payments: Chase Pay Snags Phillips 66; Report Decries Wallets’ Value Void

  

  JPMorgan Chase Co.’s Chase Pay mobile wallet, probably the most ambitious bank-operated U.S. mobile-payments service, on Wednesday announced it has signed up Phillips 66 Co., which sells gasoline under the Phillips 66, Conoco, and 76 brands, and will accept Chase Pay at its pumps and in its stores. No date …
• 16 August

  UnionPay’s QuickPass Mobile-Payments Service Makes Its North American Debut in Canada

  

  By Kevin Woodward@DTPaymentNews UnionPay International’s QuickPass mobile-payments service made its North American debut with acceptance initiated in Canada, the company, a unit of China UnionPay, announced Tuesday. Consumers can use their UnionPay QuickPass cards, equipped with a contactless chip, or a card loaded into a mobile wallet, at contactless payment …
• 16 August

  JetPay Reports 2Q Results and other Digital Transactions News briefs

  • Prepaid card program manager Green Dot Corp. has expanded its Instant Pay disbursement program with on-demand car-hailing service Uber to enable real-time payment of driver pay to almost any Discover, MasterCard, or Visa debit card, using MasterCard Inc.’s MasterCard Send service. Up to now, Instant Pay driver disbursements were …
• 16 August

  With 30% of POS Terminals Still on Dial-Up, TNS Debuts Dial-Up Backup Service

  

  By Kevin Woodward@DTPaymentNews Acquirers that service merchants that still use dial-up point-of-sale terminals have a new option for connecting these no-longer-mainstream devices to processors with the launch of a new product from Transaction Network Services Inc. Announced Tuesday, the service from Reston, Va.-based TNS provides acquirers with one connection to …
• 15 August

  Eye on Security: Malware Planted in HEI Hotels and Micros POS Systems

  

  By Jim Daly@DTPaymentNews HEI Hotels & Resorts disclosed Friday that malware on point-of-sale systems may have captured payment card information at restaurants and other locations within 20 of its properties. At the same time, the payments industry is watching for clues about the extent of a compromise at Oracle Corp.’s …
• 15 August

  Revel Systems Expands QuickBooks Service and other Digital Transactions News briefs

  • Mobile point-of-sale service provider Cardflight announced that processor BluePay Processing LLC is now offering the Cardflight SwipeSimple service to merchants. • Revel Systems, provider of iPad-based point-of-sale technology, and Intuit Inc. expanded an existing partnership to bring Intuit QuickBooks Point of Sale services to salon and grocery retailers. The …
• 15 August

  Intuit And Revel Systems Ride Their mPOS Partnership Into Salons And Grocery Stores

  

  By John Stewart @DTPaymentNews When Intuit Inc. launched QuickBooks Point of Sale with tablet-payments specialist Smoothie King Franchises Inc., a chain of 700 juice outlets, to install Revel tablets chainwide in what at the time was the largest such deal on record. Earlier this month, news emerged that IBM Corp. …
• 12 August

  EMV, Chargebacks, And Security Are Top Three Payments Challenges for Retailers

  

  By Kevin Woodward@DTPaymentNews No bones about it, adding EMV payment card acceptance to point-of-sale systems has been a challenge for retailers. Seventy-six percent of them, in the inaugural “State of Retail Payments 2016” study, said EMV implementation was their top challenge in the past 12 months. Other top challenges from …
• 12 August

  A New Report Fires an Opening Salvo in Effort to Bring Durbin Cap to Credit Card Fees

  

  By Kevin Woodward@DTPaymentNews The debate over the price merchants pay to accept credit cards may be about to intensify. A new report suggests that capping credit card interchange at 22 cents plus 30.5 basis points per transaction could cut $15 billion from the current total of $33 billion U.S. merchants …