Digital Transactions Authoritative, insightful and timely information for payments professionals
When Visa Inc. and MasterCard Inc. demonstrated their streamlined EMV technology at some West Coast groceries last month, the payments industry focused on the potential for speedier checkouts and happier cardholders. But another implication of Visa’s Quick Chip and MasterCard’s M/Chip Fast technology is that it could boost the number …
September, 2016
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1 September
CVS’s Rx for Mobile Wallets: Loyalty And Privacy
Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which in mid-August announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …
August, 2016
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31 August
Stuck at a Toll Booth With No Cash Or Transponder? Now There’s an App for That
By John Stewart @DTPaymentNews For drivers passing through the Chicago area, there’s now an app that will handle payment on the 292-mile-long ribbon of toll roads snaking through 12 counties in Northern Illinois. FastToll, from a Las Vegas-based developer called Pragmistic LLC, arrives just ahead of the Labor Day weekend, …
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31 August
What Value Does Your ISO Agent Program Provide?
ISO Agents look at a number of different criteria when evaluating which agent program that they should ultimately establish a sales relationship with. There are many factors to be considered beyond just residual splits; from support to equipment & processing alternatives; the considerations can be daunting. The options …
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31 August
Extreme Tix Debuts App and other Digital Transactions News briefs
• Mobile-ticketing platform Atom Tickets announced its app now works with 200 more theaters in 40 new markets across the country, including San Francisco, Seattle, Portland, Ore., Denver, and Sacramento. Partners include AMC Theaters, Regal Cinemas, and Studio Movie Grill. • In related news, mobile-ticketing specialist ExtremeTix Inc. introduced a …
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31 August
Some Folks See EMV as a Curse, but Others See a Blessing
By Jim Daly @DTPaymentNews If there’s one thing about EMV chip card payments that always works, it’s their ability to elicit strong feelings from those in the payments industry. It happened once again on Wednesday, when attendees at the Mobile Payments Conference 2016 in Chicago met for a closing panel …
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30 August
Reduced ‘Friction’ Expected to Propel Online, In-App Sales on Apple Pay, Android Pay
By Kevin Woodward@DTPaymentNews Consumers will use Apple Pay and Alphabet Inc.’s Android Pay online and in-app to make $8 billion in payments for digital and physical goods by 2018, almost 15 times more than the $540 million forecast for 2016, according to Juniper Research, a U.K.-based research firm. Juniper released …
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30 August
Uber and Visa Debut Local Offers Program and other Digital Transactions News briefs
• Shift4 Corp. announced it is among the first payment gateways to introduce a software update to support the various quick-chip solutions from the major payment brands for faster EMV chip card transactions. • Uber and Visa Inc. launched Uber Local Offers, a program that enables Uber riders to earn …
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30 August
Android Exec: Beyond Infrastructure, Mobile Wallets Must Provide Value To Succeed
By Jim Daly@DTPaymentNews Mobile wallets eventually will get the contactless terminals and other infrastructure they need to attract consumers, according to an executive with Alphabet Inc.’s Android Pay. Their ultimate success, however, will depend on the value they offer merchants and consumers. “It’s still all about value creation,” Jack Connors, …
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29 August
UnionPay Acceptance Locations Increase and other Digital Transactions News briefs
• The ATM Industry Association issued an updated position paper in support of variable surcharges, or so-called “convenience fees,” for ATM transactions; the trade group says global network policies effectively force ATM deployers to assess uniform surcharges despite differences in network interchange rates and fees, and that the coming of …
