Digital Transactions Authoritative, insightful and timely information for payments professionals
Having established itself overseas, EMV appears to be coming to the States, with some issuers already pumping out chip cards. Despite high-profile enthusiasts like Wal-Mart and Home Depot, however, few merchants are on board. By Karen Epper Hoffman While the Europay-MasterCard-Visa (EMV) chip card standard has garnered plenty of headlines …
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E-Commerce: NFC Isn’t Just a Brick-and-Mortar Thing
Typically thought of as a mobile technology for physical merchants, NFC could soon be converting card-not-present transactions into card-present payments for e-commerce retailers. That prospect has important implications for processors and developers. By Bill Pittman Every e-commerce retailer would like to reduce its cost of payments, slash its fraud, and …
Read More »A Wealth of Wallets
The surging popularity of the smart phone has revived the digital wallet, and now Google, Visa, AmEx, the wireless carriers, and a wide assortment of other providers are jockeying for dominance in this nascent business. By Peter Lucas Still trying to make sense of the digital-wallet landscape? You\'re not alone. …
Read More »Endpoint: Where PCI Went Wrong
Compliance has become the goal of PCI, rather than data protection and fraud reduction. It's high time that changed, says Mimi Hart. Occupy PCI. ItÕs time the 99% are heard. The Payment Card Industry data-security standard (PCI) is pernicious, collusive, and inane. ItÕs also ineffective for fraud reduction. Imagine youÕre …
Read More »VeriFone Boss Says He Aims for Services to Account for Half of Revenue Within Four Years
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Read More »Trends & Tactics
PayPal (Sort of) Embraces NFC … With rivals like Google Inc., Visa Inc., and MasterCard Inc. having jumped into near-field communication technology, there has been no little speculation in the payments business about when, or whether, PayPal Inc. would take the plunge. Wonder no more. The eBay …
Read More »Discover at 25
Discover can point to some major triumphs since it was launched by Sears a quarter-century ago, not least its success in taking on Visa and MasterCard. But a fast-changing payments landscape offers no assurance of future success. Discover’s plan: It pays to network. By Jim Daly …
Read More »Endpoint: Time to Toe the Line on PCI
Frankly, a Level 4 validation mandate by industry leaders in the payments space would only cement in place a practice that already exists, but is not enforced uniformly. We’ve had the PCI DSS for years, yet breaches continue to put small merchants out of business. The cause is …
Read More »After Revamping Its Process, PCI Council Unveils New Interest Groups
n n n n n n n n n Besides generating recommendations and advice applicable immediately, Russo expects the SIGs will develop insights that find their way into the next major update of the existing PCI version 2.0. Version 3.0 will be unveiled in late 2013 and take effect …
Read More »Star Agrees To Offer Online PIN Debit Service from CardinalCommerce
The Star EFT network, which has been working for several years on ways to enable cardholders to conduct PIN-debit transactions with online merchants, said on Thursday it will offer a service from CardinalCommerce Corp. that promises to allow issuers to choose how to authenticate users of PIN-debit cards in …
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