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In a move that recognizes the powerful role application developers play in the global payments arena, Visa Inc. last month opened scores of its application programming interfaces to thousands of outsiders worldwide, including merchants, banks, and technology companies. The new program, called Visa Developer, embraces some 155 APIs and includes …
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Dwolla And the Demand for On-Demand ACH
It’s common for consumers who use a recurring service to designate a credit or debit card that the service provider can charge for amounts that may differ from month to month. With the automated clearing house, this is much less common. Dwolla Inc. says that’s because it’s too difficult and …
Read More »Visa Opens Scores of Its APIs to Developers in a Bid To Speed Payments Innovation
In a move that recognizes the powerful role application developers play in the global payments arena, Visa Inc. on Thursday opened scores of its application programming interfaces to thousands of outsiders worldwide, including merchants, banks, and technology companies. The new program, called Visa Developer, embraces some 155 APIs and includes …
Read More »Eyeing the Market for ‘On-Demand’ ACH Transfers, Dwolla Launches Its Latest API
It’s common for consumers who use a recurring service to designate a credit or debit card that the service provider can charge each month. With the automated clearing house, this is much less common. Dwolla Inc. says that’s because it’s too difficult and time-consuming for most businesses to set up …
Read More »A Peek at One Processor’s Early EMV and Mobile Transactions Yields Some Surprises
An analysis of recent credit and debit card transaction data by credit-union services organization The Members Group gives some interesting insights about the penetration of two new payment channels in the U.S.—EMV chip cards and mobile payments. For example, EMV transactions amounted to 26% of all transactions that TMG processed over …
Read More »Card Manufacturer CPI Card Group’s Chip Card Orders Boom During EMV Switchover
As it has for other suppliers to the payment card industry, the conversion of U.S. card payments from security-challenged magnetic-stripe cards to the EMV chip card standard is providing a windfall for leading U.S.-based card manufacturer CPI Card Group Inc. In its first earnings report as a publicly traded company, …
Read More »Gemalto Brings Its ‘Dynamic Code Verification’ To the Fight Against Card-Not-Present Fraud
With the coming of EMV chip card payments to the U.S. point of sale on Oct. 1, merchants, merchant acquirers and credit and debit card issuers are bracing for an expected boom in card-not-present (CNP) fraud. Countless processors, payment gateways and tech companies have announced products and services meant to …
Read More »Live Nation Whets Its POS Appetite With a Big Mobile and Fixed-Unit Deal from Appetize
Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …
Read More »A Card Manufacturer’s EMV Windfall
Point-of-sale terminal makers such as VeriFone Systems Inc. and Ingenico Group are cashing in on the conversion of U.S. payment cards to the EMV chip card standard. On the other side of the card industry, the big plastic card manufacturer CPI Card Group Inc. also is enjoying a chip-induced windfall. …
Read More »Card Manufacturer’s IPO Filing Opens a Window Into the U.S. EMV Conversion
The conversion of U.S. general-purpose payment cards to the EMV chip card standard is providing windfalls for all sorts of card-industry vendors. A new example comes from the big plastic card manufacturer CPI Card Group Inc., which has filed for a possible initial public offering of stock. EMV cards accounted …
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