Digital Transactions Authoritative, insightful and timely information for payments professionals
Because a consumer trying to make a purchase may use a credit or debit card, tap with a contactless card, or scan a bar code, merchants need to know about the range of payment options available to them. That’s why the Smart Card Alliance, a Princeton Junction, N.J.-based association, has …
Read More »Look Ma, No Card Reader: New App Captures Card Numbers for POS Transactions
A new point-of-sale card-acceptance app expected to be available in early 2014 will use pattern-recognition technology to capture a payment card number, potentially speeding up an in-store transaction and eliminating the need for a card reader. n Cartwheel Register eschews a card reader that plugs into the audio jack in …
Read More »Rising with Holiday Shopping, Chargebacks Are on the Naughty List for Most Merchants
Chargebacks may not be lumps of coal, but many merchants may consider them as such this holiday season. n Chargebacks are the process by which cardholders contest charges they didn’t make or don’t recognize when they receive their statement. A chargeback filing typically requires a merchant to dig up supporting …
Read More »Co-Op Financial Services Brings in FIS And Enhances Its Sprig Mobile Wallet
Co-Op Financial Services, a vendor and network provider to 3,500 credit unions serving 30 million debit card holders, is upgrading its Sprig mobile wallet with technology and services from the big processor Fidelity National Information Services Inc. (FIS) and its PayNet payment network. Sprig’s upgrade comes at a time when …
Read More »Payment Vendors Line Up to Serve Gamblers As States Okay Online Gaming
Online commerce has hit a trifecta of sorts. New Jersey on Tuesday became the third state, in addition to Nevada and Delaware, to allow some forms of online gaming. And with its debut, more payments companies are at work on providing services to gaming operators and their users. n Registered …
Read More »Mobile Now Accounts for 37% of Transactions at Money-Transfer Upstart Xoom
Mobile devices, which have fundamentally changed so much of the electronic payments business, are now shaking up the cross-border remittance market. Twelve-year-old Xoom Corp., a relative newcomer to the business, says 37% of its transactions in the third quarter originated on mobile devices, compared to 22% a year ago. More …
Read More »Apple Job Posting Suggests It May Have a New Payments Platform on the Drawing Board
An Apple Inc. job posting seeking a software engineer with expertise in payments may be an indicator of an Apple play in payments beyond its current efforts. Or, it may not. The computer and retail giant is looking for a senior software engineer to “help build a next generation payment …
Read More »A Wendy’s Operator Looks To Speed Up Crucial Drive-Through Sales With Toll Tags
So far, the passes have chopped an average of 15 seconds off drive-up service times for the close to 600 customers who have registered their devices for the program. “That’s huge for us,” Stephen Baclini, president of Rawson Food Service, which operates six Wendy’s stores on the island, tells Digital …
Read More »Google Gets Physical with the Debut of the Google Wallet Card
Google Inc. today announced the availability of a payment card to accompany its Google Wallet online and smart phone-based service. The card, which is funded by money held in a consumer’s Google Wallet account, can be used at point-of-sale locations that accept MasterCard Inc. transactions. MasterCard was part of …
Read More »Official Calls the Rollout of Chicago’s Ventra Fare-Payment Program a ‘Systemic Failure’
It’s been one bump after another for the Chicago Transit Authority’s new Ventra fare-payment system that includes a contactless prepaid MasterCard Inc. card. The latest came today when the chairman of a Chicago-area transportation oversight board dubbed Ventra’s rollout a “systemic failure” and called for an audit of the fare …
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