Digital Transactions Authoritative, insightful and timely information for payments professionals
By Lauri Giesen Now that the Durbin rates are in place for debit cards, questions are swirling about debit’s growth prospects, the fate of PIN debit and of the small-ticket market, and the implications for prepaid cards. Imagine a world where banks try to get …
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Discover at 25
Discover can point to some major triumphs since it was launched by Sears a quarter-century ago, not least its success in taking on Visa and MasterCard. But a fast-changing payments landscape offers no assurance of future success. Discover’s plan: It pays to network. By Jim Daly …
Read More »Just in Time for the Holidays—Gift Cards That Require Only 10% Down
With the holiday-shopping season set to kick off on Friday, a startup in San Diego has launched a Web site that lets consumers buy gift cards at 10% of face value. The remaining balance, the company says, comes due only when the cards are redeemed. The site, from Moola …
Read More »Acquiring: The New Pricing Puzzle
By Lauri Giesen The Durbin Amendment will disrupt merchant acquirers’ long-standing pricing strategies, at least temporarily. How long will the profit-padding opportunities created by Durbin last? When retailers and their trade associations rallied in support of the Durbin Amendment to the Dodd-Frank Act last year, …
Read More »Security: Malware Becomes More Malicious
By Jane Adler The payments industry has made great strides in the area of security, but malicious computer code is still an ever-evolving threat to processors and merchants. For a restaurant manager, Gary Sipp knows a whole lot about malicious computer software, usually referred to …
Read More »The 10 Most Pressing Issues in E-Payments
What with the Durbin Amendment taking effect and serious moves in mobile payments, many observers had the feeling that the pace of change in e-payments quickened in 2011. But along with faster change come more problems. Herewith some of the most salient. By Jim Daly and John Stewart …
Read More »PayPal Forecasts $3.5 Billion in ’11 Mobile Traffic While NFC Simmers
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Read More »A Vending Machine Payment Processor Hopes To Preserve Interchange Incentive
Apriva Inc., a major processor of payment transactions from vending machines, this week told machine owners that it is working to assure their card-acceptance costs will remain stable despite the uncertain status of a program it has with Visa Inc. that gives them an interchange break if they install hardware …
Read More »New Figures Show How a Handful of Players Dominate the Acquiring Business
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Read More »Visa Hikes Prepaid Interchange But Chops Some Debit Rates
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