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News

August, 2015

  • 18 August

    Samsung Pay’s Mag-Stripe Emulation Advantage Might Be Short-Lived

    The debut of Samsung Pay in the United States is just a month away, but the ongoing migration of U.S. credit and debit cards to the EMV chip standard may already be eroding the nascent mobile-payment service’s unique advantage. Samsung Pay uses near-field communication (NFC) and, uniquely, a radio-frequency version …

  • 18 August

    How the Spread of Digital Payments Is Driving Online Links for Remote Devices

    The increasing penetration of digital payments worldwide is helping drive conversion of point-of-sale terminals, vending machines, and parking meters from standalone devices to connected machines, according to a report released Tuesday by Berg Insight, a Gothenberg, Sweden-based research firm that follows the wireless market. Worldwide, Berg forecasts the number of …

  • 17 August

    Why Signature Authentication Trumps PINs When It Comes to EMV Credit Cards

    By John Stewart Just 45 days to go until the Oct. 1 deadline for EMV in the United States, and among the issues over which merchants are still wrangling with banks is whether EMV chip cards should be universally issued with PINs—credit cards as well as debit. Merchant groups have …

  • 17 August

    Spinoff Ranks PayPal as a Solid No. 4 Among Payments Companies by Market Cap

    Many news accounts of PayPal Holdings Inc.’s spinoff from parent company eBay Inc. noted that PayPal’s market capitalization was in the $50 billion range, but few provided context on where that placed the company among its publicly traded peers. Turns out, PayPal instantly became the fourth-largest payments player, trailing only …

  • 14 August

    Instant Deposit Could Be a Hit With Sellers, But How Long Before Copycats Arrive?

    By John Stewart A new service from Square Inc. that accelerates merchants’ access to their funds in return for a 1% fee is likely to gain popularity among the small sellers that primarily use Square for transaction processing, according to some observers. That may hand Square a key advantage in …

  • 14 August

    With Certification Final, the DNA Offers Its Common AID for EMV Debit

    By Kevin Woodward Financial institutions that are facing the U.S. conversion to EMV chip cards but have no global card brands on all or a portion of their debit card portfolios now have an option that helps them meet regulatory requirements. The Debit Network Alliance LLC, which is owned by …

  • 13 August

    Does a ‘Shimmer’ on a Mexican ATM Portend a Fraud Threat to U.S. EMV Chip Cards?

    A variant of a skimming device called a “shimmer,” which steals EMV chip card data, has been found on an ATM in Mexico, raising security questions as the United States converts to the EMV standard. The shimmer incident was first disclosed Tuesday by security reporter Brian Krebs of the KrebsOnSecurity …

  • 13 August

    With Global Potential Rising for Carrier Billing, Boku Acquires mobileview Italia

    By Kevin Woodward San Francisco-based carrier-billing specialist Boku Inc. has bought mobile-payments provider mobileview Italia, Boku announced Thursday. The deal means Boku will provide carrier billing to more than 87 million mobile-carrier subscribers in Italy. Globally, Boku says its service, which enables consumers to make digital purchases using their wireless …

  • 13 August

    Samsung Pay Sets U.S. Debut for Sept. 28, With a One-Month Trial Starting Aug. 25

    Samsung Electronics Co. Ltd. says its Samsung Pay mobile-payment service, which uses near-field communication and a radio-frequency version of magnetic-stripe data, will debut Sept. 28 in the United States. Some consumers with some Samsung smart-phone and tablet models will be able to participate in a test set to begin Aug. …

  • 13 August

    Infinite Peripherals Rides the mPOS Wave With Add-on Devices for Larger Retailers

    By John Stewart At Infinite Peripherals Inc., there’s nothing peripheral about the mobile point of sale. The Elk Grove Village, Ill.-based company, whose stock in trade is not the mobile device but just about anything that can be connected to it, is growing rapidly in tandem with the soaring popularity …

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