Digital Transactions Authoritative, insightful and timely information for payments professionals
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 »Search Results for: data security
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 …
Read More »Mitek Pictures Itself as a New Tech Provider in Mobile Biller-Direct Payments
Mobile-imaging software developer Mitek Systems Inc. on Wednesday announced its Mobile Photo Payments application that enables large billers to receive bill payments from consumers using their mobile devices. The service complements San Diego-based Mitek’s existing Mobile Photo Bill Pay product, which rolled out last year and is distributed mainly through …
Read More »Aiming at Larger Enterprises, Roam Debuts a Centralized Management Tool for Mobile POS
U.S. retailers and businesses using Roam Data Inc.’s mobile point-of-sale card reader and its software have a new tool to manage multiple readers. Boston-based Roam released Monday ROAMmcm 5, a platform for controlling the payment card readers that attach to smart phones and tablets. n With it, entities can set …
Read More »Acquiring: In Your Face
Karen Epper Hoffman After a major failure several years ago, biometrics is enjoying a renaissance in payments. As usual these days, mobile has a lot to do with it. So does the fear of fraud. Think of it as an authentication trinity—what you have, what you know, what you are. …
Read More »Cover Story: Digital Transactions – 10th Anniversary Issue
A Look Back And a Provocative Look Ahead Welcome to an anniversary party— one played out not in a ballroom or country-club drawing room but in pages of cold print. The milestone we are marking is our 10th anniversary of publishing Digital Transactions, an enterprise we rather immodestly think of …
Read More »Research Group Picks Judge’s Overturning of Fed’s Durbin Rule as 2013’s Top Payments Event
We couldn’t recruit David Letterman to help us with this article, but what follows are the Top 10 U.S. payments events of 2013 as identified by the Retail Payments Risk Forum, a research and industry-dialogue unit at the Federal Reserve Bank of Atlanta. 10. The Consumer Financial Protection Bureau finalized …
Read More »Target Confirms Encrypted PINs Stolen As Part of Breach, Says Debit Accounts Remain ‘Safe’
Target Corp. on Friday confirmed that data thieves obtained customers’ encrypted debit card PINs, but said the sensitive numbers remain useless to the criminals because of the technology masking them. ”While we previously shared that encrypted data was obtained, this morning through additional forensics work we were able to confirm …
Read More »Square Tries To Reinforce Its Hip Image With a Fourth-Generation Card Reader
Square Inc. on Monday introduced the fourth generation of its now-famous payment card reader for mobile devices. The company has added new technology and made the device 45% thinner than its 22-month-old predecessor, two factors that may reinforce Square’s message that it is the cool merchant processor, different from all …
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