What merchants increasingly want from an independent sales organization is an all-in-one application developer, provider of business solutions, and bundler of mobile and e-commerce data. Forward-thinking ISOs are the ones that can tick off those boxes. By Peter Lucas Having difficulty figuring out the definition of an independent sales …
Read More »Search Results for: real-time payments
Dwolla Readies Pilot for Near-Instant Funds Movement with 16 Financial Institutions
n The private beta, as Dwolla dubs its test, will open up to consumers within “ a couple of months,” Charise Flynn, the Des Moines, Iowa-based company’s chief operating officer, tells Digital Transactions News. n About 60 people are involved in the test currently, Flynn says, though most of …
Read More »Acquiring: Want to Work with a VAR? Get in Line
Value-added resellers have turned into very effective—but increasingly expensive—sales engines for merchant processors. When does it make sense to work with them—and just how much of a cut do they take? By Peter Lucas Ten years ago, value-added resellers looking to broaden their reach to merchants were aggressively pursuing relationships …
Read More »E-Commerce: Where Cash Isn’t King—But Could Be a Prince
Historically, the payments industry has ignored the fact that not everyone who shops online has a credit or debit card. With a handful of startups providing cash processing for online transactions, that’s no longer the case. By Karen Epper Hoffman No matter how much credit and debit cards have come …
Read More »Now Taking EMV Cards at Some U.S. Stores, Wal-Mart Prods EFT Networks to Get in the Game
With both Visa Inc. and MasterCard Inc. now on the record with plans to encourage the adoption of EMV chip card and mobile payments in the U.S, it seems all but certain that the magnetic-stripe payment card’s days are numbered. In fact, Wal-Mart Stores Inc. already is seeing some EMV …
Read More »Trends & Tactics
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 …
Read More »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 »Dwolla’s New Instant Service Offers Immediate Cash For Impulse Purchases
Dwolla Corp. on Thursday unveiled a credit option it hopes will appeal to users who want faster funds availability for spot or impulse purchases. The option, known as “Instant,” is available now and allows users to borrow up to $500 that they can use right away rather than waiting two …
Read More »Opinion&Analysis: What’s Wrong with the Mobile Wallet?
By Steve Mott Scratch most of the proposed or existing wallets, and you’ll find the same payments infrastructure everyone is trying to move beyond. What’s needed is an alternative that benefits consumers and merchants as much as it does banks, networks, and carriers. The rising …
Read More »Google, PayPal Present Competing Visions for Replacing Cards with Mobile Devices
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