Digital Transactions Authoritative, insightful and timely information for payments professionals
Which was the big payments winner at the Summer Olympic Games in London, which ended Sunday? Answer: Cash, a contender that’s entered every Olympics ever held. Contactless cards and mobile devices accounted for very few payments, according to a Celent LLC analyst who visited two different Olympic venues last week. …
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Open Season
By Lauri Giesen PayPal, followed by Visa and MasterCard, have thrown open their networks to outside developers, sparking a geyser of payments innovation while slicing R&D costs. Why didn’t they do this a long time ago? You’ve heard of open platforms. Well, now they’re coming to the payments business—and with …
Read More »Best Buy Cuts off Visa Contactless with Little Risk to Sales
The struggling U.S. contactless card market took another blow late last year when leading consumer-electronics retailer Best Buy Co. Inc. stopped accepting the Visa payWave contactless card, reportedly because it objected to paying Visa Inc.'s signature-debit interchange rates. Best Buy's action probably cost the retailer nothing in lost sales but …
Read More »Citi’s New York NFC Pilot First Open Test in U.S. Backed by Major Issuer
The latest U.S. trial of contactless payment involving mobile phones and near-field communication technology (NFC), set to begin Jan. 10 in New York City, will combine key elements of the two other U.S. pilots mounted so far, and represents the first in which users can access credit cards issued by …
Read More »Positive Results of Atlanta NFC Pilot Could Spur More U.S. Tests
A nine-month trial of contactless payments using near-field communication (NFC) technology in Atlanta ended this week with what its participants are calling positive results, including an apparently enthusiastic reception from the pilot's 150 users. Meanwhile, the results of the Atlanta pilot may be spurring banks, the bank card networks, handset …
Read More »Key MasterCard Deadline Nears for Wireless and IP Terminal Security
A major deadline set by MasterCard Worldwide to enhance the security of transactions originating at wireless and Internet Protocol point-of-sale payment terminals is approaching, but some in the industry say many firms that could be affected aren't paying attention. On Sept. 1, Purchase, N.Y.-based MasterCard will require that newly-installed wireless …
Read More »MobileLime Announces A New NFC Platform for Cell-Phone Payments
Boston-based Vayusa Inc., whose MobileLime network serves some 80 merchants for payments initiated from consumers' cell phones, plans to begin supporting transactions based on the near-field-communication (NFC) standard in the second quarter. Announcing its new NFC platform today, the company says consumers with MobileLime accounts will be able to use …
Read More »Nokia Says Look for New Phone, Busy Stores in ’06 NFC Payment Pilots
Projected pilots in 2006 for contactless payment capability on mobile phones with near-field communication (NFC) technology will include high-throughput retail stores, in contrast to the self-contained environment of a sports stadium, where the first such trial began last week (Digital Transactions News, Dec. 14). Tom Zalewski, head of mobile payment …
Read More »Report: 2005 Will Be a Breakthrough Year for RFID Payments
This will be a year of substantial deployment for contactless payments based on radio-wave technology as card networks roll out programs and merchants find the systems perform as promised, a new research study says. “Merchants are finding it works,” says Erik Michielsen, director for RFID and ubiquitous networks at ABI …
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