Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
September, 2015
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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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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, …
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15 September
As Holiday Season Nears, System Hiccups Trip Up Virtual Gift Card Offerings
By John Stewart When Nikki Baird and Steve Rowen evaluated retailers’ digital gift cards this year, the thing that surprised them the most was how disjointed the shopper experience is. Card sales that worked just fine at a merchant’s desktop site just didn’t translate well to a mobile device, for …
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15 September
With Its Relay API, Stripe Enlists in Effort to Drive up Conversion Rates in M-Commerce
By John Stewart With conversion rates dismally low in mobile commerce, technology players have been working to streamline transactions with tools that let shoppers buy with as few clicks as possible and while staying within an app. Late Monday, online processor Stripe Inc. joined that effort with Relay, an application …
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15 September
A New EMV Resource for the Dawn of October 2015
The dawn of October 2015 is decidedly near; the clock rapidly ticking. As the fraud liability shift approaches, many merchants will be asking their POS solutions providers what plans they have in place to support EMV®. So now the question for VARs becomes: are you ready to handle …
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15 September
With Macy’s on Board, PayPal’s Brick-And-Mortar POS Initiative Catches a Tailwind
Leading online payments provider PayPal Holdings Inc. disclosed late Tuesday that the big department-store chain Macy’s Inc. would accept PayPal not only on its Web sites and on mobile devices but also in its stores. The announcement breathes new life into PayPal’s years-long effort to come to the physical point …
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14 September
Once a Power in M-Payments, Carriers Now Play a Lesser Role As New Wallets Emerge
By John Stewart With Google Inc.’s Sept. 10 launch of Android Pay, competition in the mobile-payments market heated up to an even higher temperature. But in all the talk about tech companies, handset makers, and banks ushering in services like Android Pay, Apple Pay, and Samsung Electronics Co. Ltd.’s Samsung …
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14 September
As the Liability Shift Rapidly Approaches, Free Can Be a Smart EMV Terminal Motivator
With fewer than 300,000 merchant locations ready for EMV chip card transactions—according to Visa Inc.—efforts to get merchants to upgrade to the more fraud-resistant point-of-sale terminals take on greater importance. For example, iPad-based POS system maker ShopKeep.com Inc. last week began offering merchants a free contactless reader that also accepts …