Digital Transactions Authoritative, insightful and timely information for payments professionals
Managing the integration of EMV payment acceptance into point-of-system software can be replete with nuances unfamiliar to many developers. That’s where a product announced Tuesday by two payments companies working jointly could assist. Seattle-based independent sales organization Gravity Payments Inc. has teamed with Creditcall Ltd., a United Kingdom-based transaction gateway …
September, 2015
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22 September
COMMENTARY: Five Questions Merchants Should Ask About EMV Terminals
By Terry Dooley Deadline: A date or time when something must be finished: the last day, hour, or minute that something will be accepted. The word “deadline” carries with it the implication of pressure—pressure to act or face the consequences. That’s the very word being tossed around when people talk …
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21 September
With EMV’s Big Date Just 10 Days off, Consumers Say They’re Not Ready for It
The three-legged stool of merchants, payments companies, and consumers necessary to enable EMV chip card acceptance may be a little wobbly in the early going if the results of a new consumer survey are any indication. Fifty-nine percent of consumers say they are not ready for EMV, finds a survey …
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21 September
With Its Spree Commerce Buy, First Data Aims To Bolster Its Online Tech Foundations
Payment processor First Data Corp. has acquired Spree Commerce, a provider of open-source software for 45,000 e-commerce storefronts. The addition of Bethesda, Md.-based Spree could bolster First Data as it competes with processors and tech providers for more business in the fast-growing world of online retailing. “Spree is at the …
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18 September
As Criminals Redouble Their Efforts, Merchants Sustain an Eye-Popping Jump in Fraud
Merchants contend with fraud all the time, but the 2015 edition of the LexisNexis True Cost of Fraud study has found that their fraud costs are tallying 1.32% of revenue in 2015, a whopping 94% increase from the 0.68% rate in 2014. All categories of merchants in the LexisNexis Risk …
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18 September
Only 27% of Merchants Are EMV Ready, but a Surge May Be Coming
Expectations of easily getting merchants ready to accept EMV credit and debit cards appear to be misaligned with the reality of the terminalization program. That’s one finding from a survey released Thursday by The Strawhecker Group, an Omaha, Neb.-based payments consultancy. To accept EMV chip cards, merchants must have compatible …
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17 September
In Its Early Going, Apple’s Watch Appears To Be Giving a Modest Lift to Apple Pay
By Jim Daly Ask owners of Apple Inc.’s new Apple Watch what they like about their high-tech wearable, and they put notifications and Apple’s health-and-fitness monitoring app at the top of the list. Coming in at No. 7 of their likes is the Apple Pay mobile-payments service, according to new …
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17 September
Card Aggregator Stratos Enlists Eastern Bank in Test
Stratos Inc., developer of the Stratos card that consolidates multiple credit and debit cards into one device consumers carry in their wallets, says Boston-based Eastern Bank will test its partner program. Card aggregators, like Stratos, operate on the premise that U.S. consumers want an easier way to manage all of …
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16 September
Consumers Know EMV Is Coming, They’re Just Not Sure What It’s All About
By Kevin Woodward Consumers know their credit and debit cards are changing, they’re just not sure exactly what is happening. That’s one of the findings from a survey released by payments provider Harbortouch. In the survey of 18,000 U.S. consumers, 89.4% said they were aware of the transition from magnetic …
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16 September
America: Visa’s Unlikely EMV Leader
Americans like to say their country is No. 1. Now, according to Visa Inc., America is No. 1 in a most unlikely category: EMV chip cards. According to figures Visa released Tuesday, some 141.9 million EMV credit and debit Visa cards were in issue in the U.S. as of August, …