Jim Daly Merchant acquirers are keeping a watchful eye on the bank card networks as the publicly held companies seemingly move onto turf acquirers regard as their own. Are acquirers’ fears about network ambitions justified? Moving transactions from merchant locations to cardholder accounts and back …
Read More »Search Results for: real-time payments
The Age of Offers
Startups and established companies alike are betting that consumers obsessed with daily deals could jump-start mobile payments. But it may take a while for that bet to pay off. By Jane Adler Rewards redemption with a mobile device at the point of sale isn’t a …
Read More »Networks: From Tomorrow to Today
By Peter Lucas The ACH hasn’t had a substantial change to its settlement windows in years. With the Fed offering same-day clearing and NACHA starting a rule-making process, that’s changing. But is it changing fast enough? Same-day clearing and settlement of transactions through the automated …
Read More »Prospects Brighten for Same-Day ACH As Software Emerges And NACHA Eyes Rules
Faster clearing and settlement of automated clearing house transactions, hampered by a host of issues and limitations, could be picking up some momentum, albeit slowly. Software is emerging to allow both large and small financial institutions to take advantage of a nearly 1-year-old Federal Reserve service that clears transactions …
Read More »The Rise of the Quasi-Merchant
Purveyors of card-acceptance services for mobile phones are booking merchants by the hundreds of thousands. But many of these merchants present underwriting risks and generate little charge volume. Are they worth it? By Jim Daly Everyman a merchant? Thanks to smart phones and aggressive merchant processors such …
Read More »An Industry Divide over Durbin’s Impact on PIN Debit for E-Commerce
While the payments industry awaits stringent new rules concerning debit card transactions, some processors and technology players are starting to exploit what they see as opportunities in the new regulations. Acculynk Inc., for example, released last week a statement calling on Internet merchants to sign up now for online PIN …
Read More »Visa Announces an E-Wallet for Mobile, E-Commerce, and POS Transactions
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 …
Read More »Getting on the Out-of-Band Bandwagon
Security Peter Lucas While it’s effective against malware like the pesky Zeus Trojan, banks have been slow to adopt out-of-band authentication. Now, with mobile and P2P applications growing, that may soon change. Imagine the following scenario: A cybercrook plants a malware Trojan, infamously known as Zeus, in the Web …
Read More »Ordering Priorities
Cover Story Transaction volumes are rising as NACHA executes on an ambitious agenda of new payments initiatives. Can everything the ACH network’s governing body wants come to pass? By Jim Daly Think you’re busy? Of course you are, but the folks at NACHA, governing body of the automated clearing house …
Read More »Get Ready for Gateway 3.0
E-Commerce Peter Lucas Gateways have always had to reinvent themselves. Now, with e-commerce returning to double-digit growth and mobile payments poised for takeoff, they have to do it again—and this time with more competition than ever. Since their inception about a decade ago, gateways have marketed value-added services, such as …
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