Digital Transactions Authoritative, insightful and timely information for payments professionals
XpressBuy Inc., developer of a buy button that can be used on the Web, in social networks, apps, and emails, says four of the largest e-commerce platforms have integrated its technology into their systems. Retailers using Demandware Inc., IBM Corp.’s WebSphere Commerce, Shopify Inc., and eBay Inc.’s Magento now can …
August, 2015
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11 August
Checkout Startup SelfPay Eyes Expansion With Outside Funding Injection
By Kevin Woodward With more $1 million (Canadian) in new funding, self-checkout app SelfPay looks to expand its reach within retail stores. Toronto-based Digital Retail Apps says the funding, which is approximately $764,402 in U.S. currency, also will be used to secure more patents. Dallas-based Texas Ventures led the funding, …
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11 August
COMMENTARY: A Five-Point Checklist for Merchants Trying To Beat the EMV Clock
Credit card fraud in the United States is at epidemic levels. Last year, the U.S. accounted for more fraud than the rest of the world combined. And the fraud rates are accelerating. EMV technology, which has shown to greatly reduce in-store fraud in Europe, is finally being rolled out in the …
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10 August
DTN Readers Are More Skeptical Than Experts on Benefits of First Data IPO
By John Stewart When First Data Corp. last month formally let the world know it intends to make an initial public offering of stock, the massive processor said it plans to use the IPO’s proceeds to reduce its big debt load. Some experts said this could free up capital so …
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10 August
Apple Pay Could Reap a Volume Bonanza as It Includes AmEx Corporate Cards
Corporate card stalwart American Express Co. says corporate cards it issues on behalf of U.S. employers now can be used with Apple Pay. AmEx says its portfolio is the first major corporate card file to be activated for Apple Inc.’s mobile-payment service. Apple Pay’s potential for additional spend with corporate …
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10 August
Eye on Remote Deposit Capture: Most Users Unfazed by Risks; Customers Assess Savings
A new survey shows users of remote deposit capture overwhelmingly say the benefits of the service far outweigh its risks and costs. Other recent surveys by RemoteDepositCapture.com, a news and information clearinghouse, reveal the cost benefits users assign to the service and show that many users take weeks to destroy …
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7 August
Looking for Nationwide EMV by October? Don’t Hold Your Breath, Surveys Say
With just 55 days to go, separate studies released this week show that the Oct. 1 target date for the U.S. to adopt the EMV chip card standard is looking more and more like a psychological deadline than a real one. Both merchants and credit and debit card issuers are …
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6 August
Time to rewrite the rules of fraud management
Andrew Naumann, Vice President, Product Management — Merchant Solutions, CyberSource Fraud is not the problem It used to be that when we asked merchants about their most significant eCommerce challenges, ‘fraud!’ would invariably be the answer. The focus was relentlessly on reducing chargebacks — it was the only …
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6 August
In Health-Care Payments, EMV May Be a Driver, But Dodging PCI Is the Benefit
No category of payment-card-accepting merchants, including health-care providers, is immune from the EMV liability shift coming Oct. 1. Yet, some payments providers specializing in servicing clinics and hospitals say there is a lack of understanding among their clients that goes beyond what acquirers have found in other merchant categories. “Health …
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6 August
PIN-Debit Interchange Drops for Issuers Exempt from Durbin Rate Cap
Issuers are generating less in interchange for PIN and signature debit card transactions than they were 10 years ago, according to the Pulse electronic funds transfer network’s 2015 Debit Issuer Study released Thursday. The study examined transactions made in 2014 from more than 70 debit issuers involving 147 million debit …