Digital Transactions Authoritative, insightful and timely information for payments professionals
In-app payments appear to be the long-sought answer to dismal conversion rates on mobile devices. But are consumers as comfortable with this payment method as many may think? In-app payments, long used by mobile-gaming companies to enable consumers to buy digital goods, suddenly gained more notoriety following the 2014 …
Read More »Search Results for: store cards
EMV’s Signature Moment
While PINs are more secure, signatures are by far card issuers’ preferred authentication method for U.S. EMV credit cards. Why? By the time you read this, the big EMV deadline will be anywhere from 15 to 30 days away. Yet, with so little time remaining, the effort to implement the …
Read More »Android Pay Is Very Close to Launch, a Google Executive Declares
By John Stewart Ever since Google Inc. announced its Android Pay mobile-payments service a little more than three months ago, the online search giant has been mum about when the service will be launched. But a Google executive on Tuesday hinted in a public forum that the launch is likely …
Read More »Lost Sales From Unfounded Rejections Dwarfs Actual Fraud Losses, Report Says
While a seemingly unending rash of data breaches has payments players scrambling to adopt a panoply of fraud-fighting technologies, little attention has been focused on the consequences for issuers and merchants when cardholders are wrongly turned down at the point of sale because of fraud suspicions. It’s a big problem—bigger …
Read More »COMMENTARY: Get Ready for EMV’s Longer—And Different—Transactions
With all the attention being given to the upcoming EMV liability-shift deadline on Oct. 1 in the United States, one important issue is getting overlooked. That’s the effect new chip cards and EMV software and equipment will have on the customer experience. According to a recent report on EMV from …
Read More »Education—of Consumers and Merchants—Is Now a Crucial Goal For U.S. EMV Rollout
As the Oct. 1 EMV liability-shift date nears, and consumers begin receiving even more credit and debit cards bearing EMV chips, educating them and merchants on how the cards are used takes on even greater importance. Just last week, Target Corp. introduced a video and a series of questions-and-answers explaining …
Read More »Research Casts Doubt on Merchant And Consumer Savings From Durbin Debit Cap
By John Stewart Evidence emerged this week that the Durbin Amendment may not be cutting debit card acceptance costs for merchants as effectively as its backers intended. Nor has it prompted many merchants to pass on their savings to consumers, according to a paper published in Economic Quarterly, a publication …
Read More »Samsung Pay’s Mag-Stripe Emulation Advantage Might Be Short-Lived
The debut of Samsung Pay in the United States is just a month away, but the ongoing migration of U.S. credit and debit cards to the EMV chip standard may already be eroding the nascent mobile-payment service’s unique advantage. Samsung Pay uses near-field communication (NFC) and, uniquely, a radio-frequency version …
Read More »Samsung Pay Sets U.S. Debut for Sept. 28, With a One-Month Trial Starting Aug. 25
Samsung Electronics Co. Ltd. says its Samsung Pay mobile-payment service, which uses near-field communication and a radio-frequency version of magnetic-stripe data, will debut Sept. 28 in the United States. Some consumers with some Samsung smart-phone and tablet models will be able to participate in a test set to begin Aug. …
Read More »Checkout Startup SelfPay Eyes Expansion With Outside Funding Injection
By Kevin Woodward With more $1 million (Canadian) in new funding, self-checkout app SelfPay looks to expand its reach within retail stores. Toronto-based Digital Retail Apps says the funding, which is approximately $764,402 in U.S. currency, also will be used to secure more patents. Dallas-based Texas Ventures led the funding, …
Read More »