Friday , January 31, 2025

News

March, 2016

  • 23 March

    As the Risk of Online Fraud Rises, the Air-Travel Industry Wrestles With 3-D Secure

    By John Stewart   These days, the airline and air-travel industry finds itself squeezed between two imperatives that have come into sharp focus in recent months. With high average tickets, airlines must guard against fraud at a time when the spread of EMV chip cards is pushing more criminals into …

  • 22 March

    COMMENTARY: How Faulty Merchant Agreements Sink ISOs

    By Eugene Rome   Merchant-service providers of all shapes and sizes learn the hard way that cutting corners by using cut-and-paste tactics to create a merchant agreement can end up in costly litigation. Independent sales organizations, third-party processors, and payment facilitators must have a merchant agreement that is tailored to …

  • 22 March

    Seeking Higher Conversion Rates, Payment Companies Target Streamlined Checkouts

    Checkout abandonment, particularly on smart phones, remains high, suppressing transaction volumes and prompting new payment options to enable a faster, smoother process when consumers are ready to buy. BlueSnap Inc., a Waltham, Mass.-based gateway, announced Tuesday an update to its Powered Buy Platform that aims to improve mobile and e-commerce …

  • 22 March

    Squeezed by Competitors And Finances, Jumio Sees a Savior in Facebook’s Co-Founder

    Online and mobile-authentication technology provider Jumio Inc. filed for bankruptcy protection and put itself up for sale Monday, but the Palo Alto, Calif.-based firm expects to live on thanks to support from Facebook co-founder Eduardo Saverin. Saverin, an early equity investor who has injected at least $23 million into Jumio …

  • 21 March

    Eye on Cuba: Stripe, PayPal and Western Union Eye a New Growth Market

    With President Obama in the midst of a historic trip to Cuba Monday, payments companies ranging from Stripe to PayPal to Western Union are eyeing new transaction growth as relations thaw between the U.S. and the island nation just 105 miles from Florida. Online payments provider Stripe Inc. announced that …

  • 21 March

    Former MCX Chief Joins InStream Board and other Digital Transactions News briefs

    • NCR Corp. says its Epsilon payments application received EMV certification from First Data Corp., enabling the app to process credit and debit EMV transactions in its Radiant POS and StorePoint POS products. • Former Merchant Customer Exchange LLC chief executive Dekkers L. Davidson joined the InStream Inc. board of directors. …

  • 21 March

    Aided by Mobile Tech And Social Media, Digital Payments Are Surging Globally

    While the U.S. market wrestles with its nearly 6-month-long transition to EMV chip cards and contactless payments based on near-field communication (NFC) technology, the rest of the world is surging ahead with contactless, online, and mobile transactions, according to the latest report from Juniper Research. Total digital payments worldwide will …

  • 18 March

    Semi-Integrated POS Products Could Reduce EMV Certification Costs and Save Time

    Independent software vendors, value-added resellers, and point-of-sale software developers facing the daunting task of certifying their unique products for EMV payment acceptance may face costs starting at $30,000. That figure, which comes from Andrey Tikhonov, senior director of payment technology at Elk Grove Village, Ill.-based Infinite Peripherals Inc., reflects the …

  • 18 March

    Sen. Durbin Suggests That the Big Networks Have Too Much Power Over Chip Cards

    U.S. Sen. Richard Durbin, author of 2010’s controversial Durbin Amendment, wants to know about the inner workings of EMVCo, the chip card standards body owned by the six largest global payment card networks. A statement Thursday from the Illinois Democrat says Durbin is “seeking information on whether the deployment of …

  • 17 March

    It’ll Be 14 Years Before Mobile Payments Are Secure To Leave Cash And Cards at Home

    The prospect of leaving the house with just a smart phone in lieu of a wallet full of cash and payment cards is 14 years away, according to a survey released Thursday by the Institute of Electrical and Electronics Engineers (IEEE), a technology association based in New York City. By …

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