Digital Transactions Authoritative, insightful and timely information for payments professionals
Just as consumers have become accustomed to using their credit and debit cards across multiple shopping channels, so too are many expecting the digitized, and mobilized, versions of these cards to mimic that experience. That finding, from 451 Research LLC’s “Mobile Pay and Commerce Advisory Report,” suggests that early adopters …
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More Canadian Banks Enable Apple Pay and other Digital Transactions News briefs
• Merchant processor iPayment Inc. has agreed to promote acceptance of Samsung Electronics Co. Ltd.’s Samsung Pay mobile-payments service to merchants and resellers. Merchants can receive a merchant kit that includes window decals and other point-of-purchase items promoting Samsung Pay acceptance. Samsung announced its Samsung Pay reseller program in January. …
Read More »Payments up Your Sleeve
Players from Apple to Bulgari to multiple startups are embedding payments into rings, watches, even clothing, and now Visa and MasterCard are building platforms to run the transactions. But getting the right fit might take a while. Consumers who own wearable technology feel a deep connection to their device. An …
Read More »Gravitational Pull
New technologies and market entrants are exerting downward pressure on acceptance costs for mobile payments. But how much longer will these costs matter? Card payments can be exceedingly complex, but in some ways they’re simple. Whip out a functioning credit or debit card to pay in a store and the …
Read More »Wal-Mart’s Visa Suit Uncorks a Long-Festering Controversy
A simmering controversy in the U.S. conversion to EMV chip card payments burst into the open last month when Wal-Mart Stores Inc. sued Visa Inc. The giant retailer claims that Visa is trying to make it use signature verification for some EMV debit card transactions and route those transactions over …
Read More »How Are the ‘Pays’ Doing? Latest Research Says Usage Is Limited, But Users Are Happy
By John Stewart @DTPaymentNews Ever since Apple Pay debuted in 2014, payments pundits have wondered how fast mobile payments would catch on with consumers. The near-simultaneous arrival of two rivals, Android Pay and Samsung Pay, last fall only made the question more urgent. And now data is emerging that indicates …
Read More »COMMENTARY: What Businesses Should Know About Unattended-Payment Solutions
The use of credit cards in the United States is rising, and new payment options like Apple Pay and Android Pay are gaining popularity. You can bet consumers paying at parking meters, vending machines, or pharmacy-pickup windows will start to expect the convenience of these multiple payment options. 1. EMV …
Read More »Samsung Pay mini May Be in Development and other Digital Transactions News briefs
• Samsung Electronics Co. Ltd. is planning to launch an app in South Korea that will streamline online payments for users of Samsung Pay, Reuters reported, citing a report in the Electronic Times. The app, dubbed Samsung Pay mini, will also be compatible with all Android and Apple Inc. devices, …
Read More »Manual Reviews And False Positives, Costly Scourges of Online Commerce, Are on the Rise
U.S. e-commerce merchants are struggling with more fraud, but they’re also contending with two related problems that are on the rise and costing them plenty of time and money—manual reviews and false rejections, also known as false positives. That’s according to two studies, one released on Wednesday and the other …
Read More »Expenses From the Home Depot and Target Data Breaches Surpass $500 Million
This week’s revelation by The Home Depot Inc. that it has incurred $263 million in expenses from its 2014 data breach means that the home-improvement retailer’s breach costs, together with those of another big-box retailer, Target Corp., now total $554 million. In a quarterly regulatory filing Tuesday, Atlanta-based Home Depot …
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