Friday , February 7, 2025

News

March, 2014

  • 27 March

    It’s Wal-Mart vs. Visa in Yet Another Payment Card Interchange Battle Royal

    They’ve met in court before, and it looks like they’re going to meet again: Wal-Mart Stores Inc., the No. 1 retailer, against Visa Inc., the No. 1 payment card network. As usual, the subject is interchange and payment card acceptance rules. Bentonville, Ark.-based Wal-Mart is suing Visa for alleged violations …

  • 26 March

    Pulse Deal Gives Visa’s Common AID Nearly Universal Enablement for Chip Debit Transactions

    Discover Financial Service’s Pulse subsidiary last week became the latest debit network to license Visa Inc.’s so-called common application identifier (AID) on soon-to-be-issued Europay-MasterCard-Visa (EMV) chip debit cards. This latest agreement means Visa’s common AID will be enabled on cards that account for nearly 90% of U.S. PIN-debit transactions. The …

  • 26 March

    Merchant Warehouse’s Opticard Purchase Intended To Enhance Small Business Products

      Merchant Warehouse Inc. has bought gift and loyalty provider Opticard and has plans to offer its services as part of bundled transaction services to merchants. Scottsdale, Ariz.-based Opticard, which will continue to operate independently, sells gift and loyalty card services to small businesses. Merchants can use Opticard programs to …

  • 26 March

    Target Clarifies Number of Consumers Affected by Breach, Claims Data Security Improving

    Target Corp. told a U.S. Senate committee Wednesday that the overlap in the number of consumers affected by the two-headed monster of its data breach may be 12 million or more. The nation’s No. 2 general retailer also said it is improving its data security in the wake of the …

  • 25 March

    Banks Sue Trustwave, Target’s PCI Services Provider Before the Retailer’s Data Breach

    Trustwave Holdings Inc., the leading provider of Payment Card Industry data-security standard (PCI) services to merchants, on Monday became the target of a lawsuit arising from the massive data breach at Target Corp. The suit, filed in U.S. District Court in Chicago by two banks, claims negligence on the part …

  • 24 March

    Sen. Durbin Decries Appellate Court’s ‘Giveaway’ to Banks; Merchants Mull Their Next Steps

    An appellate court’s Friday decision reinstating the Federal Reserve Board’s controversial interpretation of the Dodd-Frank Act’s Durbin Amendment with its debit card interchange cap and transaction-routing requirements continues to draw fire, but whether the merchants and retail groups that brought the appeal and lost will trudge on in court remains …

  • 21 March

    Appellate Court Upholds the Fed’s Rule Implementing the Durbin Amendment

    In an unsurprising ruling, a three-judge panel on the federal appeals court in Washington, D.C., upheld the Federal Reserve Board’s controversial rule implementing the Durbin Amendment’s debit card provisions in 2010’s Dodd-Frank Act. A federal district judge last July overturned the rule, saying the Fed hadn’t followed Congress’s intent. Judges …

  • 20 March

    Burger King Has Its Way With a New Mobile-Payments and Loyalty App

    It may perennially trail McDonald’s Corp. among the leading U.S. hamburger chains, but Burger King Worldwide Inc. is on track to take the lead in mobile payments. Miami-based Burger King this week said it plans to roll out a smart phone app offering mobile payments and digital-coupons beginning in April. …

  • 20 March

    A Smart Phone in Hand Could Mean Cash in Pocket From an ATM

      Security and convenience-conscious consumers wielding smart phones may one day have a safer and easier way to get cash from ATMs. ATM maker Diebold Inc. is testing a cash-dispensing-only ATM that relies on a mobile wallet to authenticate the consumer, eschewing a PIN pad and card reader. The ATM, …

  • 19 March

    NACHA’s Latest Gambit for Faster Payments Stirs Cautious Optimism Mixed with Wariness

    A fresh proposal to introduce a same-day settlement capability for the automated clearing house network is encountering cautious optimism mixed with a healthy dose of skepticism among expert observers. But NACHA officials clearly see the new proposal not only as a blueprint for speedier payments but also as a first …

Digital Transactions