Digital Transactions Authoritative, insightful and timely information for payments professionals
• Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …
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Funding Data Confirms It: In-Store Tech Is Exploding As the Point of Sale Modernizes
By John Stewart @DTPaymentNews It’s no secret the U.S. point of sale is undergoing perhaps the most extensive overhaul in its long and storied history, but now there’s evidence that a crowd of technology startups are sharing in the bounty that sweeping modernization is generating. Point-of-sale startups will likely reap …
Read More »With EMV Not Yet in Every Wallet, Square Promotes Its Magnetic-Stripe Readers
Despite the hoopla surrounding EMV acceptance, and the constant promotions from acquirers and payments providers touting EMV-capable equipment, at least one acquirer, Square Inc., continues to believe there is a market for magnetic-stripe readers. A direct-mail piece from Square mailed late last week touts its magnetic-stripe reader along with its …
Read More »Triumph And Challenge at the ETA
An acquiring group at heart, the Electronic Transactions Association adapts to changing business models and payments technologies. But has it outgrown its base among grassroots ISOs? Now in its 26th year, the Electronic Transactions Association may be in the midst of one of its most transformative periods yet. The Washington, …
Read More »Masterpiece or Showpiece?
Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …
Read More »COMMENTARY: Lessons Learned From NFC Failures
During the last 20 years, I’ve worked for, consulted for, partnered with, or analyzed hundreds of payments companies and thousands of other firms that are in some way connected with payments companies, either as customers, prospects, or partners. Many of those companies have been highly successful, some explosively so. Others …
Read More »Masterpiece or Showpiece?
Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …
Read More »Triumph And Challenge at the ETA
An acquiring group at heart, the Electronic Transactions Association adapts to changing business models and payments technologies. But has it outgrown its base among grassroots ISOs? Now in its 26th year, the Electronic Transactions Association may be in the midst of one of its most transformative periods yet. The Washington, …
Read More »Triumph And Challenge at the ETA
An acquiring group at heart, the Electronic Transactions Association adapts to changing business models and payments technologies. But has it outgrown its base among grassroots ISOs? Now in its 26th year, the Electronic Transactions Association may be in the midst of one of its most transformative periods yet. The …
Read More »Canada’s MintChip Digital Currency Goes Live at Toronto Stores and Restaurants
MintChip, a digital cash replacement, went live Tuesday with a handful of retailers and restaurants in a trendy Toronto neighborhood. Canadians anywhere also can use MintChip for peer-to-peer payments. A loyalty and payment-services startup called nanoPay Corp. bought MintChip, which was developed by the Royal Canadian Mint, early this year. …
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