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News

April, 2013

  • 8 April

    Processor Global Payments Prepares To Close the Book on Its Data Breach

    With little fanfare, Global Payments Inc. last week disclosed that the payment card networks had returned it their lists of processors compliant with the Payment Card Industry data-security standard (PCI) following remediation efforts the merchant processor began after the data breach it disclosed a year ago. Atlanta-based Global Payments also …

  • 7 April

    Fiserv’s Mobile-Capture Check Guarantee Brings a New Twist to Prepaid Cards

      Fiserv Inc. executives expect the option to guarantee availability of funds loaded onto prepaid cards from a personal or business check using a smart phone to be a huge point of differentiation for Fiserv’s new Prepaid Source Capture service. Launched last week, the Brookfield, Wis.-based processor’s service enables consumers …

  • 4 April

    Chicago Transit Authority Tries To Ease Concerns About Its New Ventra Card’s Fees

      Consumers making purchases with the Chicago Transit Authority’s coming Ventra combination transit and general-purpose MasterCard prepaid card are expected to incur maximum user fees of $8.45 in a given month, provided the cardholder triggers all the expected fees in that time period, according to processor First Data Corp. The …

  • 4 April

    PayPal Eyes a Growing Market for Cash Advances to Credit-Starved Internet Merchants

      Merchant cash advances for online retailers suddenly are coming into vogue with the entry of PayPal Inc. into the market. PayPal recently disclosed that it plans to test in its home country a cash-advance program similar to one it has tested in the United Kingdom. Finance companies and merchant …

  • 3 April

    Bitcoin’s Price Doubles and a Processor Prospers, but Is the Digital Currency Now Legitimate?

      Digital currency Bitcoin is making strides in its campaign to be viewed as a legitimate alternative to traditional payment methods. A major Bitcoin processor—Atlanta-based BitPay Inc.—yesterday announced it had processed more than $5.2 million in Bitcoin transactions for its e-commerce merchants during March. And earlier in the week, the …

  • 2 April

    How Merchants Can Protect Card Data in the Mobile-Payments ‘Dead Zone’

      Can merchants make payment applications that run on smart phones secure? Yes, but only after they take some steps they might find to be difficult, according to an expert steeped in the intricacies of the Payment Card Industry data-security standard (PCI). “Smart phones were not built for taking payments, …

  • 1 April

    Fed Survey Confirms Mobile-Payments Users Remain Rare, but Data Show Growth Potential

      Great news for mobile payments: the Federal Reserve says the percentage of consumers using a smart phone to make a purchase at the point of sale grew nearly threefold last year. Not-so-great news: don’t rely on that figure, because it’s too small to be statistically significant. Those and other …

March, 2013

Digital Transactions