Digital Transactions Authoritative, insightful and timely information for payments professionals
Once known for mainly hiring sales people, the most innovative ISOs nowadays are on a hiring binge for techies. What’s behind this shift? By Kevin Woodward and Jim Daly \”Disruptor” is one of the favorite nouns in American business nowadays, so much so that it’s almost a cliché. But the …
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Endpoint: Why PCI Is Winning
Don’t let all the latest data-breach news distract you from one overriding fact: PCI is securing more and more card data from hackers, says Bob Russo. Some in the security business amplify these breach episodes to disparage their competitors and leverage fear to generate new sales pipelines. Bob Russo is …
Read More »A Smart Phone in Hand Could Mean Cash in Pocket From an ATM
Security and convenience-conscious consumers wielding smart phones may one day have a safer and easier way to get cash from ATMs. ATM maker Diebold Inc. is testing a cash-dispensing-only ATM that relies on a mobile wallet to authenticate the consumer, eschewing a PIN pad and card reader. The ATM, …
Read More »Smucker’s Hacked E-Commerce Site To Reopen Soon; Sally Beauty Confirms Breach
The J.M. Smucker Co.’s online store is expected to reopen next week, nearly a month after the jam-and-jelly producer closed it after discovering that hackers had broken into its computer system and stolen payment card data and other personal information on up to 23,000 customers. In other data-security news, beauty …
Read More »How Merchants’ Quest for More Customer Loyalty Could Give New Life to Decoupled Debit
Might decoupled debit rise again? It very well could, according to some payments experts, and the light on the hill is the decoupled debit card issued by the battered and bruised discount retailer Target Corp. For nearly three months, Target has weathered a storm of bad publicity after confirming a …
Read More »Loop Mobile Wallet Debuts With Expectation of Near Ubiquitous Acceptance
Loop, a mobile wallet that uses a case or fob to generate its own contactless field to communicate with many payment terminals, has launched for the latest iPhone models. The brainchild of payments veterans George Wallner, founder of point-of-sale terminal maker Hypercom Corp., now Equinox Payments LLC, and Will …
Read More »The Gimlet Eye: How To Make Real Payments Progress
As you’ve no doubt noticed, the huge data breach at Target Corp. has triggered an equally impressive avalanche of commentary about whether the baneful effects of such crimes might have been mitigated had Target, and the rest of the country, converted to EMV by now. The presumption here is that, …
Read More »Trends & Tactics
Plastic: High Growth, High Risk More than ever, plastic dominates the business of electronic payments in the United States, with two-thirds of all noncash transactions in 2012 occurring on a card, up substantially from 60% just three years earlier. That’s according to the Federal Reserve System’s triennial payments study, released …
Read More »Components: EMV: Has Its Day Come?
Jim Daly It’s been two-and-a-half years since a Visa plan marked the unofficial start of the conversion of U.S. card payments to the EMV chip card standard. Will recent data breaches speed up the conversion’s snail’s pace? While still a Congressman, current Chicago mayor and former White House chief of …
Read More »Endpoint: To NFC Or Not To NFC? That Is Not the Question!
If you think NFC is the future of in-store mobile payments, think again. NFC is a technology, not a solution. The idea that mobile payments should replicate the old card-payment model is all wrong, says Rick Oglesby. Rick Oglesby is a senior analyst at Aite Group LLC, Boston. Reach him …
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