Digital Transactions Authoritative, insightful and timely information for payments professionals
n Visa Inc. announced on Wednesday a digital wallet aimed at increasing its share of transactions in mobile payments, e-commerce, and at the point of sale. n The digital wallet will store all the payment cards in a consumer’s wallet, including non-Visa branded cards, Jim McCarthy, Visa's head of global …
May, 2011
-
10 May
Skrill Links up with Live Gamer for Global Micropayments Reach in Online Games
In another indication that micropayments are staging a comeback, Live Gamer Inc. and Skrill Holdings Ltd. on Tuesday announced an integrated platform that lets game publishers collect small sums from users around the world without chargeback or foreign-exchange risk. The integration also represents the U.S. debut of London-based Skrill, which …
-
9 May
Eye on Mobile: Mitek Grows, Micros Adds Mobile, Visa Hints at Big News, Isis Reacts
The hype still abounds, but mobile payments and banking seem to be taking some concrete steps this week toward wider adoption. –Mitek Systems Inc., the leading developer of software for mobile remote deposit capture, on Monday announced that five of the nation’s 10 largest retail banks now use its flagship …
-
5 May
U.S. EMV Pioneers Like Wal-Mart And SECU Are Gung-Ho, But Others Show Less Enthusiasm
At least some banks and merchants may be forging ahead into chip card payments, but presentations at an industry trade show this week leave doubt whether the rest of the industry is ready to follow. Wal-Mart Stores Inc. has now enabled all of its U.S. stores with terminals to accept …
-
4 May
Isis Reportedly Quits Building Its Own Merchant Network To Focus on Wallet
The telecommunications companies that own the Isis mobile-payments joint venture have apparently given up on the idea of creating their own merchant network and instead are redirecting their efforts on a mobile wallet, according to a published report. If confirmed, the Isis move means that the existing payment card networks …
-
3 May
Intuit and Square Might Spark a Mobile-Payments Price War
Intuit Inc. on Monday dropped flat transaction fees for its GoPayment mobile-payments service just over two months after Square Inc. did the same thing, an indication that a price war could be breaking out between two of the major companies competing for brand-new and small businesses that use smart phones …
-
3 May
AFP Survey Reflects High Sensitivity Among Retailers over Bank Fees
Nearly 90% of all bank fees merchants pay goes toward cash management and card processing, according to a report released on Tuesday by the Association for Financial Professionals, a trade group for corporate financial officers. Meanwhile, some 79% of retailers expect recent legislative changes, including the Durbin Amendment, not only …
-
3 May
Merchants Will Accept Small-Issuer Debit Cards Post-Durbin, Advocate Says
Merchant groups on Monday sought to assure Congress that they won't reject small debit card issuers' cards once the so-called Durbin Amendment makes large issuers' debit cards much cheaper to accept. “If merchants didn't accept the card, they would risk losing the sale and losing the customer; a risk very …
-
2 May
Minno Seeks to Become a Big Fish Among Processors of Tiny Transactions
Probably no pathway in electronic payments is more littered with the wreckage of failed processors than that of micropayments. But recent moves by publishers to charge for content is helping fuel renewed interest in the business of processing tiny transactions. Google Inc., for example, has developed a micropayments engine to help …
April, 2011
-
28 April
PayPal Reports Strong Growth, Including a Young But Booming Mobile Business
When eBay Inc. released its fourth-quarter results back in January, the company’s top executives spent some time during their conference call with analysts discussing the potential effect of the Durbin Amendment on PayPal Inc., eBay’s e-commerce transaction processor. Durbin and its restrictions on debit card pricing and transaction routing remain …