Friday , November 15, 2024

Search Results for: retail

ControlScan Working With P97 Networks On M-Payments Security

P97 Networks Inc., the Houston-based company behind mobile wallets from Gulf Pay and Phillips 66, will work with data-security provider ControlScan Inc. on controls for mobile-payment services. Announced Tuesday, the deal is targeted at convenience stores and fuel retailers, quick-serve restaurants, and related merchants. Alpharetta, Ga.-based ControlScan will be tied into …

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In Effect Seven Years, Durbin’s Interchange Caps Still Roil the Waters of the Payments World

The debit interchange controls of the Durbin Amendment went into effect seven years ago Monday, and to mark the occasion the Electronic Payments Coalition issued its latest salvo in what appears to be a never-ending feud over that law. According to survey results released by the EPC, 52% of registered …

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When Collaboration Makes Sense—And When It Doesn’t

Through the years, the network game hasn’t changed. Payment systems need volume, and that means interoperability with other networks. The key is to be smart about it. The payments world is a patchwork of overlapping and interdependent networks. For success, networks need a path or paths to critical mass. For …

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The Tightrope Walk

Processors and acquirers are chasing integrated payments while also serving traditional, terminal-based merchants. Can they keep their balance? The biggest buzzword in payments today is “integrated.” While such payments—exemplified by point-of-sale software with an add-on payments capability that is supposed to be seamless to the user and the consumer—are not …

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Signs of Life at the Pays

Not so long ago, mobile-payments enthusiasts were asking what ailed Apple Pay, Google Pay, and Samsung Pay. Now the Pays finally seem to be getting some traction, though their transaction market share is still minuscule. Is there hope for the Pays? After a summer of generally positive developments, the mobile-payment …

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Gateways Cut Transaction Times While Boosting Up-Times

Speed is of the essence in e-commerce, which is why a recent report is welcome news for gateway providers. Omaha, Neb.-based research and consulting firm The Strawhecker Group says U.S. gateway operators have cut the average transaction time in half, to 1.6 seconds from 3.2 seconds only a year ago. …

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You Just Can’t Please Everyone

We were just wrapping up this issue when word came of the proposed $6.24 billion monetary settlement of the big federal antitrust case that has, for more than a decade, pitted merchants against card networks and major banks. The deal, however, only settles the money question—how much merchants will get …

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Financial Institutions’ Costs Increase to $2.92 for Every Dollar of Fraud, Says LexisNexis Risk Solutions

Financial institutions, like their retailer counterparts, are feeling the effects of fraud through higher costs. For every dollar of fraud a financial institution experiences, it costs another $2.92 in associated costs, up 9% from $2.67 in 2017, says LexisNexis Risk Solutions in its 2018 True Cost of Fraud study for …

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From Small ISO to International Powerhouse: How You Can Share in the Success

NXGEN is a technology company that delivers state of the art payment solutions to merchants globally. Founded in 2002, and based in Whitefish MT, NXGEN has grown with local offices across the country and a global footprint in 30 countries. The company has grown from the dreams of Founder/CEO, Thomas …

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Visa Begins a U.S. Contactless Payments Push Again. This Time the POS Hardware Is in Place

It’s another go-around for contactless payments as Visa Inc. prepares an extensive campaign involving issuers, merchants, and consumers to push use of the payment method. The card brand on Tuesday debuted an infographic on contactless payments from across the globe, and touted the preparedness of the U.S. market for the …

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