News

November, 2013

• 19 November

  New AnywhereCommerce Card Reader is Smaller and Cheaper than Its Predecessor

  AnywhereCommerce, a Montreal-based engineering firm, has released an updated version of its Nomad wireless chip-card reader that is smaller and less expensive than the inaugural version of the device, the company announced Tuesday. Nomad 2.0 uses Bluetooth wireless technology to connect with mobile devices operating on Google Inc.’s Android, Apple …
• 19 November

  Coin Gets Lots of Buzz, But May Get Devalued When the Euphoria Wears off, Experts Say

  The Coin card, which officially launched last Thursday but is not yet available in the market, is generating a tidal wave of buzz in the press and on social-media sites but is not wowing payments experts contacted by Digital Transactions News. “It’s solving a problem that doesn’t really exist,” says …
• 19 November

  Senate Hearing Recognizes Bitcoin’s Strengthening Toehold in Electronic Payments

  Might the Bitcoin digital currency be heading toward legitimacy among skeptical regulators and law-enforcement officials? Testimony at a U.S. Senate committee hearing Monday indicated that government may be ready to make peace with Bitcoin and, by extension, other new digital forms of payment, though if and when these new systems …
• 14 November

  Ingenico Debuts an EMV-Capable Mobile Acceptance Service, with U.S. Launch in 2014

  Payment-terminal maker Ingenico S.A. is debuting the Roam Mobile Commerce Manager in eight nations, including the United States in early 2014. The service is currently available in Mexico, France, Belgium, Italy, Australia, Brazil, and Norway. Details about the U.S. version of Mobile Commerce Manager will be available once it launches …
• 14 November

  The Fed Seeks Ideas on How To Take the Tail Fins Off of U.S. Electronic Payments

  How to improve the U.S. payment system? Figure out a way to make electronic payments faster and more secure, as well as a system that would connect various closed-loop payment networks with hundreds of millions accounts. And reduce regulation, too. Those were some of the ideas bandied about Thursday at …
• 14 November

  Isis Launches Nationwide in Face of Questions About Merchant And Consumer Adoption

    Consumers with compatible smart phones now can load the Isis mobile wallet onto their devices and pay with a tap anywhere contactless payments are accepted in the United States. Isis is a payment scheme backed by wireless carriers AT&T Mobility, Verizon Wireless and T-Mobile USA. The smart-phone wallet, which …
• 14 November

  Within Five Years, Caps on Credit Card Interchange Are Likely, According to a DTN Poll

  With debit card interchange rates already regulated, a majority of respondents to a Digital Transactions News poll consider caps on credit card interchange within five years as very likely. n Though no such legislation is under review at this time, the response suggests few would be surprised should it appear. …
• 13 November

  Survey Revealing Undisclosed Intrusions Indicates Data Breaches Are Under-Reported

  The actual number of data breaches taking place in the United States may be much higher than generally understood, if a recent survey of corporate security professionals is any indication. The canvass of some 200 so-called malware analysts working for large and small enterprises revealed that fully 57% have dealt …
• 13 November

  Square Eliminates Deposit Holds And Drops Unpopular Monthly Pricing Plan

  In two moves to attract and retain merchants, Square Inc. on Wednesday announced that it has eliminated holds on merchant deposits as well as deposit limits on U.S. transactions, and will drop a monthly pricing plan that the mobile-payments processor says merchants didn’t like. The new deposit policy applies to …
• 12 November

  Despite Signs of Progress, Small Merchants Still Lag on Risk Assessment And PCI

  Coming on the heels of the release last week by the PCI Security Standards Council of a revised Payment Card Industry data-security standard (PCI) is a report Tuesday that shows how much progress small merchants are making in locking down card data—and how painfully slow much of that progress has …