Digital Transactions Authoritative, insightful and timely information for payments professionals
Chicago-based BMO Harris Bank on Monday unveiled a mobile app for cardless ATM cash withdrawals and claimed it has the nation’s largest network of ATMs configured for smart-phone-based withdrawals. Meanwhile, ATM manufacturer Diebold Inc. said it bought a Canadian software company as part of a strategy to offer more software-based …
March, 2015
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16 March
After Just 10 Months, Square Shuts Down Order, the Successor to Square Wallet
Payments observers have known for some time that not all companies introducing mobile wallets have met with success, but now Square Inc. has had to shutter a product that succeeded a failed wallet. The San Francisco-based company on Friday began notifying users of its Square Order app that the product …
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13 March
Intuit Extends POS, E-Commerce Reach for QBO With Shopify, Bigcommerce Deals
Intuit Inc., which markets the highly popular QuickBooks accounting product for small businesses, continues to reinforce the online version of the software with point-of-sale and e-commerce capabilities. The Mountain View, Calif.-based company on Thursday announced an integration for QuickBooks Online (QBO) with Shopify Inc., an Ottawa-based platform for e-commerce and …
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13 March
75% of Apple Pay Users Make Repeat Apple Pay Purchases At Same Locations
Retailers like nothing more than for a new customer to become a familiar customer, and that seems to be happening with a portion of Apple Pay users, finds a report from Auriemma Consulting Group. New York-based Auriemma says data from its Apple Pay tracker survey, which canvasses Apple Pay use …
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12 March
Nearly Two-Thirds of Organizations Fall Out of PCI Compliance a Year Later: Report
It’s a sobering statistic. Only 28.6% of the companies surveyed in the Verizon 2015 PCI Compliance Report were still in compliance with the Payment Card Industry data-security standard a year after a successful validation. Released Thursday, the annual report catalogs the state of PCI compliance gleaned from more than …
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12 March
Shoppers Favor Retailers That Accept Mobile Wallets—And Punish Those That Don’t
By John Stewart While big-time companies like Apple Inc., Google Inc., and Samsung Electronics Co. prepare to battle it out for control of mobile payments, evidence is emerging that consumers may be strongly inclined to reward merchants that accept mobile wallets and punish those that don’t. Some 30% of consumers …
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11 March
Old-Line Risk Modeling Crimps Money, Time, Expertise for Effective Data Security
With the pressure on to secure the digital fortifications of payment data, security professionals say they need more money, more time, and more knowledgeable staff to defend their companies, according to a survey from data-security company Trustwave. In its 2015 Security Pressures Report, of the more than 1,000 security professionals …
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10 March
Anywhere Commerce’s Gateway Course Includes Adding NFC-Payment Capabilities
Mobile point-of-sale company AnywhereCommerce will add near-field communications (NFC) payment capability to its mobile hardware in coming weeks, signaling a further shift along its path to becoming a cloud-based payments gateway. That’s the word from William Nichols, Anywhere Commerce’s chief executive. That strategy, implemented about six months ago when Nichols …
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10 March
An Interbank Fee Is a Fly in the Ointment for Retailers Reacting to Same-Day ACH Idea
Merchants that have spent years battling card-acceptance fees are turning a jaundiced eye toward a proposal to speed up payments on the nation’s automated clearing house network. That’s because the same-day settlement proposal, floated in December by NACHA, the ACH’s rules-setting organization, contains a so-called interbank fee that, for some …
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10 March
EMV Helps Drive VeriFone’s North American Revenues to a Record
Point-of-sale terminal maker VeriFone Systems Inc. continued to ride the U.S. EMV chip card wave in its first quarter of fiscal 2015 as sales of EMV-compliant payment card acceptance systems helped lift North American revenues by 31% to a quarterly record. The San Jose, Calif.-based company late Tuesday reported revenues …