News

October, 2015

• 8 October

  Eye on Mobile: How the Phone Is Steadily Taking Over Online And P2P Payments

  Two reports released Thursday point up the accelerating rate at which consumers are turning to a mobile device rather than a PC to pay an online merchant or another person. The news comes as major tech players like Apple Inc., Google Inc., PayPal Holdings Inc., and Samsung Electronics Co. Ltd. …
• 7 October

  Live Nation Whets Its POS Appetite With a Big Mobile and Fixed-Unit Deal from Appetize

    Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based  mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …
• 7 October

  Much Taken With Selfies, Millennials Also Like Mobile Capture, Survey Shows

  Lately, the payments industry has been much taken with the so-called Millennial generation and how to appeal to it. Research released Wednesday indicates a key to this question is to take advantage of the one smart-phone activity the 18-to-34 age group has made famous: the selfie. The research, conducted by …
• 6 October

  Tokenization’s Fast Rise Will Likely Attract Rivals for the Big Three Networks, Report Says

  By John Stewart Just within the past year or so, tokenization has assumed a central role in digital payments, and in that business three major card networks are the dominant—indeed, only—players performing a crucial function known as the token service provider. But this new form of payment processing is moving …
• 6 October

  At Its Innovation Center, Visa Puts an In-Store Self-Checkout App to the Test

  Visa Inc. is providing emerging self-checkout provider Digital Retail Apps another venue to showcase its smart phone-based service by enabling it at the Visa Innovation Center, its technology lab in San Francisco. Toronto-based Digital Retail Apps says Visa will integrate the SelfPay technology into the Visa Everywhere Shop app, enabling …
• 6 October

  Eye on Bitcoin: Ingenico’s Bitcoin-Accepting Terminal; Feds Set Final Silk Road Auction

  Point-of-sale terminal maker Ingenico Group has teamed up with Bitcoin merchant acquirer BitPay Inc. to retrofit a traditional POS terminal for Bitcoin acceptance in stores. And the U.S. Marshals Service is planning to auction off the last of the Bitcoin that the FBI seized in 2013 when it busted Ross …
• 5 October

  Moovweb Hopes Improving the Mobile Checkout Process Will Boost Payments Growth

  Retailers’ increasing attention to making the checkout process a smooth and speedy one could potentially enhance the volume of mobile-commerce payments. One vendor trying to reform the checkout process is Moovweb, a San Francisco-based e-commerce platform provider. On Monday, it launched MoovCheckout, a service that helps retailers better manage their …
• 5 October

  ATM Surcharges and Foreign Fees Are Up 4% to New Records, Bankrate Survey Finds

  ATM surcharges rose 4% to an average of $2.88 this year from $2.77 in 2014, while foreign fees increased 3.8% to $1.64 from last year’s $1.58, Bankrate Inc. found in its latest annual study of checking account fees. Together, the two fees total $4.52, another new record and up 3.9% …
• 2 October

  EMV Transition Marks Progress in Cards And Transactions, Evokes New Products

  With the Oct. 1 liability-shift milestone passed, payments companies are reviewing progress so far and introducing new products to take advantage of the migration to EMV chip card payments. First up is MasterCard Inc., which says that “tens of millions” of chip-enabled transactions are being made in the United States. …
• 2 October

  Why a Regional Bank Is Going With Chip-And-PIN for Its EMV Credit Cards

  By Jim Daly They’re few and far between, but another U.S. issuer, regional banking company First Niagara Financial Group Inc., has committed itself to issuing EMV credit cards of the chip-and-PIN variety. Buffalo, N.Y.-based First Niagara announced just before the U.S. EMV liability shift took effect that it will convert …