News

August, 2016

• 5 August

  Sage Payments Developer Portal is the go-to platform for ISV and development partners

    Sage Payment Solutions has launched the Sage Payments Developer Portal, an enterprise-level API developer enablement solution. As a collaborative resource, the Sage Developer Portal is the go-to platform that helps ISV and developers quickly integrate payments into their software, mobile application or website. Designed with the needs of software …
• 4 August

  Miami’s Transit Agency Among the First to Ride Contactless Rails from TfL

  

  By Kevin Woodward@DTPaymentNews Consumers using near-field communication (NFC)-enabled payment cards and smart phones enabled with mobile wallets soon will be able to use them to pay for transit rides operated by the Miami-Dade County’s Department of Transportation and Public Works, Cubic Corp. recently announced. The contract is valued at $33 …
• 4 August

  PayNearMe Strikes Comcast Payment Deal and other Digital Transactions News briefs

  • The Wells Fargo/Gallup Small Business Index found that checks, at 90%, and cash, at 72%, continue to reign as the top payment methods accepted by small businesses. A printed check from a bill-pay service was next, at 53%, followed by credit or debit card at a point-of-sale terminal, 42%, …
• 3 August

  Credit Card Chip-and-PIN Would Be a Multi-Billion-Dollar Loser, Report Suggests

  

  Implementing so-called chip-and-PIN authentication for U.S. credit cards would cost merchants and card issuers more than $7 billion but prevent only about $850 million in lost-and-stolen card fraud over five years, a new report from Aite Group LLC says. The report, “Chip Cards in the United States: The PIN, PINless, …
• 3 August

  80% of MasterCard Credit Cards Have Chip and other Digital Transactions News briefs

  • Processor Fiserv Inc. will market Early Warning LLC’s clearXchange person-to-person real-time payments network to its financial-institution clients under a new agreement. The deal follows a similar arrangement the companies reached last year for real-time bill payments and deposits. Fiserv also said adjusted second-quarter revenues in its payments segment increased nearly 11% …
• 3 August

  Faster EMV Tech Might Leapfrog the Traditional Spec and Improve Consumer Perceptions

  

  Card-brand efforts to improve consumers’ perceptions of EMV transaction speeds took a step ahead this week when a grocer debuted updated EMV software on its point-of-sale systems. New Seasons Markets, including its New Leaf Community Markets unit, is now using the Quick Chip and M/Chip Fast technologies from Visa Inc. …
• 3 August

  Square Moves Toward Profitability as Its Payment Volume Booms

  By Jim Daly @DTPaymentNews Square Inc. reported Wednesday that its payment volume grew 42% in the second quarter to $12.5 billion, and, while still reporting a loss, the merchant processor edged toward profitability as its adjusted revenues jumped 54%. Square, which began signing merchants in 2010, also raised its financial …
• 2 August

  MasterCard and Visa Join clearXchange, Enabling Use of Their Cards on the Peer-to-Peer Network

  By Kevin Woodward@DTPaymentNews Early Warning Services LLC announced Tuesday that both Visa Inc. and MasterCard Inc. are now part of its clearXchange peer-to-peer network. The addition of the two largest card brands means customers of participating financial institutions will be able to send money to others using a U.S.-issued debit …
• 2 August

  A Small-Merchant Security Program Makes Progress, But Not Without Some Grumbling

  

  By John Stewart @DTPaymentNews A relatively new program geared at shoring up data security at small merchants is making progress toward a crucial January deadline, but not without some full-throated grumbling, if comments and questions at an industry trade show this week in Grapevine, Texas, were any indication. The program, …
• 2 August

  Bluepoint Image Capture Firm Sold and other Digital Transactions News briefs

  • International Business Machines Corp. reportedly is in early talks to acquire iPad-based point-of-sale technology provider Revel Systems Inc., according to Bloomberg. • Investment firm Battery Ventures said it reached an agreement to acquire Bluepoint Solutions Inc., a privately-owned image-capture and document-management firm, and will merge it with Alogent, a …