Kohl’s Corp. joins the ranks of retailers with their own mobile-wallet services with the launch this week of Kohl’s Pay. Menomonee Falls, Wis.-based Kohl’s said the barcode mobile-payment service exclusively uses the private-label Kohl’s Charge card as the payment mechanism in more than 1,100 Kohl’s stores. To use Kohl’s Pay, …
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The CFPB’s Final Prepaid Card Rule Raises Concerns About Digital Wallets
By Jim Daly@DTPayment News Nearly two years and thousands of comments after issuing its draft regulation, the Consumer Financial Protection Bureau issued its long-awaited final prepaid card rule Wednesday. The 1,689-page document, almost double the size of the draft rule the CFPB issued in November 2014, largely follows what the …
Read More »Kohl’s Launches Kohl’s Pay and other Digital Transactions News briefs
• A federal judge in California has allowed an antitrust case to move forward against American Express Co., Discover Financial Services, MasterCard Inc., and Visa Inc. The case was filed in March by Florida merchants as a class-action suit alleging the networks had conspired to shift chargeback liability from banks …
Read More »How Ready Are They?
Now that merchants have had their EMV D-Day, it’s the turn of ATM owners and petroleum marketers. The compliance picture isn’t pretty. Here’s why, and what ATM deployers, c-stores, and others can do about it. Another deadline for the great EMV migration has arrived. A year ago, U.S. merchants were …
Read More »Beyond the Coffee Plantation
There have been some successes, but loyalty programs tied into mobile-payment systems are still few and far between. What will it take to strengthen the relationship? When you think of loyalty programs seamlessly integrated with mobile payments, only two examples loom large in the minds of the public and many …
Read More »Stockpile’s Moment of Truth
A gift card marketed by a little-known startup and backed by shares of stock in big-name companies is coming to J-hooks near you. Gift card marketers have dominated the holiday season and other gift-giving occasions in recent years, but now a card is coming to thousands of those checkout-lane racks …
Read More »EMV Flunked Its First Year, Many Digital Transactions News Readers Say
By Jim Daly@DTPaymentNews If they could assign a letter grade to the first year of EMV chip card payments in the U.S., half of Digital Transactions News readers would give it an “F,” according to results of the daily e-newsletter’s weekly poll. The newsletter’s Sept. 23 edition asked respondents to …
Read More »Though Locked in Combat With Visa, Wal-Mart Cuts a Deal for ChaseNet Visa Acceptance
By John Stewart@DTPaymentNews Wal-Mart Stores Inc.’s deal with JPMorgan Chase & Co.’s ChaseNet processing network, announced Thursday morning, proves that the nation’s biggest retailer can make peace with the big card brands if the terms are right. And it may indicate bigger prospects for Chase’s ambitious merchant-acquiring operation. Under the …
Read More »Walmart Canada Expands Its Two-Month-Old Visa Credit Card Ban to Manitoba
By Jim Daly@DTPaymentNews The dispute between Wal-Mart Stores Inc. and Visa Inc. over payment card acceptance costs intensified Thursday when the retailer’s Walmart Canada unit announced that it will extend its ban on Visa credit card acceptance from Thunder Bay, Ontario, to its 16 stores in the province of Manitoba. …
Read More »3dcart Joins Amazon Payments Program and Other Digital Transactions News briefs
• JPMorgan Chase & Co. signed the Best Buy Co. Inc. electronics chain to accept the Chase Pay mobile app in its nearly 1,400 stores, on its site, and in-app. Chase Pay is live with some e-commerce merchants and is expected to become available in stores and in-app later in …
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