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Clover Network Inc., maker of the Clover tablet-based point-of-sale system, will be ready to accept Apple Pay contactless payment and in-app transactions when the scheme is released some time this month. That’s the word from Leonard Speiser, Clover co-founder and president. The Clover POS system will be able to …
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The Gimlet Eye: NFC’s Day in the Sun
Well, it finally happened. Apple Inc. has included a near-field communication chip in new iPhone 6 and charged full-bore into the troubled world of mobile wallets (see our cover story to read all about it). To understand the significance of this event, you have to reflect on the history of …
Read More »Chip Cards Mean Cash for VeriFone
For years, leading U.S.-based terminal maker VeriFone Systems Inc. has been anticipating the move away from magnetic-stripe cards to the Europay-MasterCard-Visa (EMV) chip card standard. The conversion is guaranteed to induce a buying spree for point-of-sale hardware as well as the software that runs it. That’s the happy circumstance VeriFone …
Read More »Cover Story: Can Apple Save Mobile Wallets?
Though the Apple Pay service has drawbacks, Apple’s legendary marketing chops will probably, at long last, let wallets cash in. What hath Apple wrought? At a hugely hyped event Sept. 9 near its headquarters in Cupertino, Calif., Apple Inc. unveiled the next iteration of its iconic iPhone—the iPhone 6 and …
Read More »BofA Becomes First Major Issuer to Begin Conversion to Debit Chip Cards
Bank of America Corp. isn’t waiting for 2015 to convert its debit card portfolio to plastic that supports Europay-MasterCard-Visa (EMV) chip transactions. The Charlotte, N.C.-based banking giant announced Tuesday it will begin issuing debit chip cards to new customers in October, with cards for existing accountholders issued as these …
Read More »The Payments Industry Needs To Find Common Ground on Tokenization, Group Says
Tokens, that is, tokens for securing electronic payments, almost became a household word two weeks ago when Apple Inc. introduced Apple Pay, a mobile-payments service that will rely heavily on tokens when it launches next month. The concept of tokenization, however, has been around for quite some time in the …
Read More »Cobrin Steps Aside As AnywhereCommerce CEO to Focus on a New Cloud-Based Gateway
Mitch Cobrin, who has run AnywhereCommerce Inc. as chief executive for the last four-and-a-half years, has stepped aside for a new chief executive but will continue at the company in the role of founder, board member, and “chief catalyst,” he tells Digital Transactions News. The management change comes as the …
Read More »COMMENTARY: Can Apple Pay Revive the Mobile Wallet?
In the wake of Apple Inc. announcing Apple Pay, many are wondering if it will serve as a catalyst in the revival of the mobile wallet, and if the migration of payments to the mobile form factor is now at a tipping point. The answers are “yes” and “no.” Apple …
Read More »With 56 Million Cards Compromised, Home Depot’s Data Breach Surpasses Target’s
Just when you thought retailer data breaches wouldn’t get much bigger, they did. Home-improvement retailer The Home Depot Inc. disclosed Thursday that the breach it confirmed Sept. 8 compromised 56 million payment cards between April and this month. That means Home Depot’s breach affected 40% more cards than the 40 …
Read More »Payment Processors Hold Key Tokenization Role In Apple Pay
Payment processors First Data Corp. and Total System Services Inc. (TSYS) will have key roles in securing transactions using tokenization technology for payments consumers make with Apple Inc.’s newly announced Apple Pay mobile-payments scheme. The Cupertino, Calif.-based computer giant made the announcement as part of its unveiling Tuesday of …
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