Digital Transactions Authoritative, insightful and timely information for payments professionals
Cachet Financial Solutions Inc.’s acquisition of DeviceFidelity’s Moneto prepaid mobile platform will help open new markets for the remote-deposit capture company. n Remote-deposit capture is Cachet’s core business, Larry Blaney, executive vice president of sales, tells Digital Transactions News. But in the past two years client demand for services beyond …
March, 2014
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11 March
Mobile POS Card Reader Makers Prep for the U.S. EMV Switch
With as many as 5 million mobile point-of-sale readers in circulation in the United States, mobile POS companies will have their hands full following the liability shift set for October 2015 when the nation’s payment card networks step up the migration to the Europay-MasterCard-Visa smart card scheme. Designed to …
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11 March
How Merchants’ Quest for More Customer Loyalty Could Give New Life to Decoupled Debit
Might decoupled debit rise again? It very well could, according to some payments experts, and the light on the hill is the decoupled debit card issued by the battered and bruised discount retailer Target Corp. For nearly three months, Target has weathered a storm of bad publicity after confirming a …
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10 March
Look Within Thyself for the Most Effective Fraud-Prevention Solutions, Some Merchants Say
The coming of Europay-MasterCard-Visa (EMV) chip cards to the U.S. has many American merchants worried about the inevitable shift of credit and debit card fraud from the point of sale to online channels. EMV cards, while highly effective in thwarting counterfeiting and related card-present fraud, offer no more fraud protection …
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9 March
Report Documents the March of Online Alternatives to the Payments Mainstream
Alternative payments? So many people are now using services such as PayPal, Amazon Payments, Google Wallet and others that the term is becoming outmoded. In a new report, Javelin Strategy & Research says eight in 10 online shoppers have used an online alternative payment service in the past year, and …
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7 March
With Calls for Change Mounting, Visa And MasterCard Launch Industry Security Group
In the wake of high-profile retailer data breaches and mounting political pressure to address security flaws in the nation’s payment card system, Visa Inc. and MasterCard Inc. on Friday said they were forming a “cross-industry group” to enhance payment security. The leading card networks said in a joint news release …
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6 March
CloudPay Mobile Payment Services Promises Lower Processing Costs
A new mobile wallet called CloudPay may undercut traditional payment processing fees that merchants typically pay. Announced earlier this week, CloudPay from New Media Insight Group Inc., a Phoenix-based company, says merchants pay only 0.5% per transaction, a markedly lower rate than traditional pricing that might be as high …
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6 March
Now Hawking iPads for POS, NCR Silver Mulls a Purpose-Built Tablet with its Own Stamp
NCR Corp.’s announcement this week that it has updated its iPad-based point-of-sale system, which it sells as NCR Silver, to support loyalty programs shone a spotlight on one of the few tablet POS products that comes from a major corporation in a market that has attracted a raft of startups. …
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6 March
Using Embedded Cues And Bluetooth Low Energy, PowaTag Enables One-Click Commerce
PowaTag is a mobile commerce app that hopes to make it easier for consumers to buy with their smart phones. Launched this week, PowaTag identifies products using a smart phone’s camera and microphone to detect special cues embedded in print displays, television commercials or online using the PowaTag watermark. …
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6 March
Two More Data Breaches, But Little Concern by Small Businesses for Card Security
Given the massive news coverage about payment card security since December in the wake of Target Corp.’s huge data breach and other ones at Neiman Marcus Group and Michaels, you might think that data protection is top of mind among small-business owners. Not so, according to results of a new …