Digital Transactions Authoritative, insightful and timely information for payments professionals
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 »Search Results for: store cards
Components:Padding the Transaction Count
Led by Apple's iPad, the rise of tablet computers is opening new card-acceptance options for merchants. Are they a disruptive force? Jim Daly Less than two years ago, the space in the portable computer market between smart phones on the small end and laptops on the large end was occupied …
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 »Protests Force Verizon Wireless To Drop Its Planned $2 Payment Fee
n Bowing to an outcry of opposition, telecommunications giant Verizon Wireless cancelled a controversial $2 fee for one-time telephone and online payments just one day after announcing it. The carrier’s reversal came less than two months after Bank of America Corp. cancelled its enormously unpopular plan to charge some customers …
Read More »VeriFone Boss Says He Aims for Services to Account for Half of Revenue Within Four Years
n n n n n n n n n
Read More »Using Malware And Skimmers, Fraudsters Harvest Card Data at Restaurant Depot, Lucky
The data-breach Grinch is stealing Christmas from a big restaurant supplier and Lucky Supermarkets, a major West Coast grocery chain, both of whose payment card acceptance systems were compromised recently by fraudsters using different techniques. The breach at Queens, N.Y.-based Restaurant Depot LLC, which also does business under the …
Read More »While NFC Continues to Lag, Starbucks’s Barcode System Logs 26 Million Mobile Payments
With mobile payments based on near-field communication (NFC) technology struggling to gain acceptance, new figures from Starbucks Corp. provide yet another example of how non-NFC systems are jumping to a fast lead in the mobile race. The Seattle-based coffee king this week reported that it has handled a total …
Read More »No Effect on Consumer Prices, Says Anti-Durbin Group’s Survey
n n n n n n n n n n
Read More »Less Than a Month Old, ShopSavvy’s New Wallet Boasts 10,000-Plus Users
A mobile comparison-shopping app that launched a digital wallet late last month says it has signed up more than 10,000 wallet users and is adding new ones at the rate of 2,500 a week in a nascent business that has attracted major players like Google Inc. and Visa Inc. …
Read More »Security Worries Arise As Mobile Payments Begin Their Ascent
The promise of mobile devices to generate new payment transactions and better service for bank customers comes with a big potential downside. Risk-control executives strongly believe fraudsters have their eyes on smart phones and related mobile devices, according to new research from Aite Group LLC. Asked if “mobile fraud is …
Read More »