Lately, the payments industry has been much taken with the so-called Millennial generation and how to appeal to it. Now, research released last month indicates a key to this question is to take advantage of the one smart-phone activity the 18-to-34 age group has made famous: the selfie. The research, …
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Much Taken With Selfies, Millennials Also Like Mobile Capture, Survey Shows
Lately, the payments industry has been much taken with the so-called Millennial generation and how to appeal to it. Research released Wednesday indicates a key to this question is to take advantage of the one smart-phone activity the 18-to-34 age group has made famous: the selfie. The research, conducted by …
Read More »Has PayPal Finally Found the Key To Unlock the Point of Sale?
While it’s a major power in e-commerce processing, PayPal Holdings Inc. has struggled translating that success to the physical point of sale, where the bulk of transactions still happen (“PayPal Unchained,” September). Last month, its luck may have changed. The big department-store chain Macy’s Inc. said it would accept PayPal …
Read More »To Trap a Thief
An old Paul Newman movie features a government official leaving his office for a moment. His visitor finds on his cluttered desk some confidential information, intended for her eyes. The official has arranged it so he cannot be convicted of handing over any secrets, even though he has. In today’s …
Read More »With Macy’s on Board, PayPal’s Brick-And-Mortar POS Initiative Catches a Tailwind
Leading online payments provider PayPal Holdings Inc. disclosed late Tuesday that the big department-store chain Macy’s Inc. would accept PayPal not only on its Web sites and on mobile devices but also in its stores. The announcement breathes new life into PayPal’s years-long effort to come to the physical point …
Read More »How Its PocketMath Deal Bolsters XpressBuy’s Push for Multiplatform Buy Buttons
While social networks like Facebook, Twitter, and Pinterest develop so-called buy buttons for the ads they sell, third-party developers are looking at extending the same technology across not only social networks but apps, mobile sites, and even emails. One of the most aggressive of these developers, Santa Clara, Calif.-based XpressBuy …
Read More »MasterPass and Visa Checkout Announcements Highlight Digital Progress for Visa, MasterCard
By John Stewart Wednesday’s announcement by MasterCard Inc. that its MasterPass digital-payments service has signed up home-furnishings and décor e-retailer Wayfair, along with several Wayfair properties and mobile apps, threw into relief the progress the two giant general-purpose card networks are making in e-commerce and in-app payments. Once the province …
Read More »EMV Could Spell T-R-O-U-B-L-E for Card-Not-Present Merchants
Lost and stolen credit and debit cards equipped with EMV chips may become the bane of e-commerce merchants. As the U.S. payment-card industry begins its gargantuan migration to smart cards, counterfeit fraud at the point of sale should decrease. But fraud in other places very likely will increase. That’s …
Read More »New POS Malware Hides in Plain Sight
Criminals have developed a new family of point-of-sale malware that hides in plain sight, riding along with core processes inside Microsoft Corp.’s Windows operating system, says Chicago-based Trustwave Holdings Inc., which uncovered the malware during a recent U.S. Secret Service investigation. Dubbed “Punkey” because of the “unkey” command within its …
Read More »EMVCo Aims for a ‘Smoother Experience’ in Revised Spec for Online Payment Security
With the Europay-MasterCard-Visa (EMV) chip card movement well under way in the U.S. market, a key standards body is training its sights on a technology many believe could combat the fraud EMV is expected to drive to the Web. By the end of this year, EMVCo plans to have a …
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