A Comeback for Credit Cards Online Thanks in part to debit card regulation, e-commerce shoppers in the next few years will reverse a recent trend away from credit, according to new research. General-purpose credit cards will capture 40% of online spending in 2011 and 2012, level with 2010, but that …
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E-Commerce: NFC Isn’t Just a Brick-and-Mortar Thing
Typically thought of as a mobile technology for physical merchants, NFC could soon be converting card-not-present transactions into card-present payments for e-commerce retailers. That prospect has important implications for processors and developers. By Bill Pittman Every e-commerce retailer would like to reduce its cost of payments, slash its fraud, and …
Read More »Strategies: A Rumor a Day
Apple may be the most talked-about tech company that has yet to make a definitive move in payments. Is there any fire under the smoke? By Lauri Giesen When payments executives discuss the up-and-coming players in their industry, the names of high-tech companies such as Google, Intuit, Square, PayPal, and …
Read More »A Wealth of Wallets
The surging popularity of the smart phone has revived the digital wallet, and now Google, Visa, AmEx, the wireless carriers, and a wide assortment of other providers are jockeying for dominance in this nascent business. By Peter Lucas Still trying to make sense of the digital-wallet landscape? You\'re not alone. …
Read More »Protests Force Verizon Wireless To Drop Its Planned $2 Payment Fee
n Bowing to an outcry of opposition, telecommunications giant Verizon Wireless cancelled a controversial $2 fee for one-time telephone and online payments just one day after announcing it. The carrier’s reversal came less than two months after Bank of America Corp. cancelled its enormously unpopular plan to charge some customers …
Read More »Though They’ll Remain Popular, Debit Cards Will See Some Growth Clipped by Regulation
Debit cards will remain popular with consumers, but the Durbin Amendment will take as much as three percentage points off its annual growth rate over the next five years, according to a new analysis from First Annapolis Consulting Inc. Some transactions that might have gone to debit cards will switch …
Read More »No Effect on Consumer Prices, Says Anti-Durbin Group’s Survey
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Read More »Less Than a Month Old, ShopSavvy’s New Wallet Boasts 10,000-Plus Users
A mobile comparison-shopping app that launched a digital wallet late last month says it has signed up more than 10,000 wallet users and is adding new ones at the rate of 2,500 a week in a nascent business that has attracted major players like Google Inc. and Visa Inc. …
Read More »Vending Machine Network Gives MasterCard Debit Cards the Boot
In a marked escalation of a conflict that began when MasterCard Inc. and Visa Inc. raised small-ticket debit card interchange rates, USA Technologies Inc. has stopped accepting MasterCard debit cards in its wireless network of 100,000-plus vending machines and other unattended card-accepting locations. The Malvern, Pa.-based operator turned off MasterCard …
Read More »Trends & Tactics
PayPal (Sort of) Embraces NFC … With rivals like Google Inc., Visa Inc., and MasterCard Inc. having jumped into near-field communication technology, there has been no little speculation in the payments business about when, or whether, PayPal Inc. would take the plunge. Wonder no more. The eBay …
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