Digital Transactions Authoritative, insightful and timely information for payments professionals
VeriFone Systems Inc. continued on its road to recovery during its third quarter of fiscal 2013 ended July 31, a road that led the leading U.S. point-of-sale terminal maker through a sharp drop in revenues in some countries and ended with a $1.9 million loss versus a $37.7 million …
September, 2013
-
4 September
Isis Adds Specialty POS Equipment Providers As It Readies Its National Rollout
By Jim Daly The Isis mobile-payments service on Wednesday said five specialty point-of-sale hardware makers would integrate Isis’s SmartTap technology into their products. The companies join a number of major POS terminal makers, including U.S. market leaders VeriFone Systems Inc., Ingenico S.A. and Equinox Payments, already committed to supporting Isis …
-
3 September
Native Electronic Applications Shine on the ACH As Check-Based Codes Slide
By John Stewart n Electronic processing of payments that originate as paper checks dropped dramatically in the second quarter on the automated clearing house network, while payments that start out as electronic items grew briskly, according to the latest report from NACHA, the ACH’s governing body. n The decline in …
-
3 September
Microsoft’s Nokia Deal Leaves Open Questions About Market Share And NFC
Microsoft Corp.’s $7.2 billion acquisition of Nokia Corp.’s handset business, announced late on Monday, brings to the Redmond, Wash.-based tech giant a pioneer in near-field communication technology and allows it to combine hardware with a mobile operating system in the manner of rivals Google Inc. and Apple Inc. It remains …
August, 2013
-
30 August
Insurer’s Efforts To Dodge Data-Theft Claims Highlight Growing Field of Breach Insurance
Schnuck Markets Inc. found itself in a bit of a pickle recently when it learned that its insurance company is refusing to cover losses from a data breach at the regional grocery store chain that compromised up to 2.4 million debit and credit cards. The Schnucks incident and other recent …
-
29 August
Prepaid Cards Become an Option for Buying Health Insurance Through New Exchanges
By Jim Daly Following a summer of uncertainty over whether millions of uninsured consumers would be unable to buy medical insurance under the Affordable Care Act (ACA) because they didn’t have a checking account, the U.S. Department of Health and Human Services (HHS) this week issued a rule that requires …
-
28 August
Durbin Economics Begin to Impact Vibrant Market for Open-Loop, Big-Bank Gift Cards
By John Stewart n The inexorable economics of the Durbin Amendment are beginning to make themselves felt in the vibrant business of network-branded gift cards. n JPMorgan Chase & Co., one of a handful of major banks that offer Visa- and MasterCard-branded gift cards, this spring stopped selling its Visa …
-
27 August
Surging M-Commerce Could Eclipse $25 Billion in Sales in 2013, comScore Forecasts
In a sign of the increasing significance of mobile commerce in the U.S. economy, comScore Inc. reported on Tuesday that remote m-commerce sales totaled $10.6 billion in the first half of the year, or about 10% of total online volume, including desktop e-commerce. ComScore forecasts that online spending on mobile …
-
27 August
Free Checking Remains Commonplace, But Not Quite As Common As in the Past
By Jim Daly Plenty of Americans are still getting free checking, but not as many as last year, according to new findings from the American Bankers Association. The Washington, D.C.-based trade group’s latest annual consumer survey says 55% of bank customers spend nothing each month for banking services and ATM …
-
26 August
Mobile Check Capture Is Saving Banks Big Bucks, But How Big?
The increasing popularity of depositing checks via mobile devices could end up saving financial institutions offering the service a good deal of money, according to a recent study. But, while cost savings from mobile check capture are real, there are offsetting factors, says an expert not connected with the study. …