News

March, 2014

• 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 …
• 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 …
• 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 …
• 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. …
• 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. …
• 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 …
• 5 March

  Virtual Prepaid Payment Service Pay in Private Debuts

  Consumers wanting a way to make online payments with some anonymity may be able to use the new Pay in Private virtual prepaid card service available as an iPhone or Android app. n “It’s not a solution for everybody,” Klein tells Digital Transactions News. “It’s a solution for a segment …
• 4 March

  Could VerifyValid’s Mobile Checkbook App Revive Prospects for All-Electronic Checks?

  A concept that would do away with paper checks while retaining their payment advantages took a step closer to fruition this week with the introduction of a mobile app that lets users create and send check images. The app, called Mobile Checkbook, works with Apple Inc. iOS devices and comes …
• 4 March

  Eye on Security: Issuer Response to Target Hack; A Rough Ride for Debit Cards in Chicago Cabs

  A recent study by First Annapolis Consulting Inc. found that 22 of the nation’s 30 largest debit card issuers are actively replacing cards in the wake of retailer Target Corp.’s massive data breach. Meanwhile, a suburban Chicago bank warned customers not to use their debit cards in Chicago taxicabs and …
• 3 March

  Chirpify Reports Upbeat Results for Its New Action Tags for TV Commercials And Arenas

  Consumers are responding enthusiastically to a new service that lets them buy goods from and otherwise interact with brands via social media in sports stadiums, through TV ads, and other venues, according to results released Monday by Chirpify, the Portland, Ore.-based company that announced the service in September. The service …