Processor Fiserv Inc. is testing online acceptance of SNAP electronic benefits transfer payment as part of a U.S. Department of Agriculture program. Consumers using Supplemental Nutrition Assistance Program EBT cards can pay online via a digital PIN pad in tests at 33 ShopRite grocery stores in New York, Brookfield, Wis.-based …
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AmEx Extends Fuel-Pump EMV Liability Shift Date and other Digital Transactions News briefs from 5/5/20
American Express Co. tells Digital Transactions News that it is postponing its EMV liability shift for automated fuel dispensers by six months, until April 16, 2021. The move comes four days after Visa Inc., citing the problems created by the Covid-19 pandemic, notified the fuel-retailing industry that it was postponing its October 2020 …
Read More »COMMENTARY: Global Consumers Embrace Their Local Payment Methods—And So Should You
When it comes to making a purchase, who doesn’t use a credit or debit card? Most of the world, that’s who. While paying with a credit card is standard in the United States and much of the Western world, that’s definitely not the global norm. It’s estimated that less than …
Read More »Shopify Releases Refreshed POS System With Mobile Checkout And Omnichannel Management
Commerce platform Shopify Inc. has released a refreshed point-of-sale appliance and suite of features. Announced Monday, the revised Shopify POS system is a tablet set on a stand with additional software capabilities. Among the new features is mobile checkout that enables payment acceptance in store or at curbside, an especially …
Read More »CSI Revenue up 8% and other Digital Transactions News briefs from 5/4/20
Payments processor Computer Services Inc. reported record revenue of $284.2 million for fiscal 2020 ended Feb. 29, up 8% year-over-year. Revenue for the fiscal fourth quarter came to $72.7, also a record, up 14.1% year-over-year. For the coming months, the company said it expects Covid-19 will depress sales of new products and …
Read More »Visa Will Postpone Its Fuel-Pump EMV Liability Shift for Six Months, C-Store Group Says
Visa Inc. has informed petroleum retailers that it will delay its planned EMV fuel-pump liability shift set for October until April 17, 2021, the convenience-store trade group NACS disclosed Friday. “The network’s delay was in response to letters NACS sent on behalf of its retail members to the four global …
Read More »The Storm Before the Calm
The pandemic is wreaking havoc on multiple fronts in the payments business. But if we let market forces work their usual magic, look for a recovery next year. The Covid-19 pandemic is roiling the payments industry. State shutdowns have taken a whopping 29% of the U.S. economy offline. Moody’s reports …
Read More »12th Annual Field Guide to Innovative Payments
The guide has a slightly different name now, but the same purpose—to seek out and describe the nonbank players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …
Read More »Wellsprings of IoT Payments
The Internet of Things has always had a gee-whiz factor, but unshowy sectors such as utilities, insurance, and purchases for business and household essentials are leading its payments growth. The Internet of Things seemed to be big even before Silicon Valley techies and their marketing-side allies started using the term …
Read More »Acquirers in Survival Mode
In the midst of the Covid-19 crisis, here’s how payments providers are coping as merchants contend with shelter-at-home policies and other restrictions. The word that looks to define 2020 is “pandemic.” Efforts to curtail the infection rate from the new coronavirus have included government orders to shelter-in-place and observe social-distancing …
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