Digital Transactions Authoritative, insightful and timely information for payments professionals
Chip card acceptance is far from ubiquitous six months ahead of the U.S. liability shift. As October’s big EMV liability shift approaches, just how ready are U.S. merchants to accept the chip cards that are so common elsewhere in the world? Estimates vary, but as of early spring the state …
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Special Report: The Far Horizon
Right now, all eyes are on the next six months. But what about after the liability shift? What happens then? Whether or not any particular merchant is ready for EMV by Oct. 1, payments executives are figuring on two things as pretty much sure bets after that date. One is …
Read More »Using Apple And Samsung Biometric ID, Sekur Me Bids To Hike Mobile Conversion
A new service that integrates Apple Inc.’s Touch ID and Samsung’s fingerprint-recognition technology into a single mobile-payments app says it can help boost conversion, and ease shopping-cart abandonment, for mobile-commerce retailers. Santa Ana, Calif.-based Sekur Me Inc. uses the biometric sensors in Apple and Samsung smart phones to authenticate the …
Read More »A Contact Sport
Hoping for contactless chip cards? Not likely any time soon. The contact version of EMV is emerging as the clear issuer choice as October’s liability shift approaches. Here’s why. It’s show time for chip cards. With the payment card networks’ so-called liability shift now just eight months away, U.S. general-purpose …
Read More »A Quickening Pulse
Components Biometrics in electronic payments didn’t have much life until last year, when Apple’s Touch ID and other applications gave the technology a shot of adrenaline. What’s next? It’s Act II for biometrics in payments. The now-defunct Solidus Networks Inc., better known as Pay By Touch, dominated Act I for …
Read More »Forgot About HCE? RBC Puts It Front And Center Again With Its Latest Pilot
Remember host card emulation? You might have lost sight of this variant of mobile payments based on near-field communication amid the flood of publicity Apple Inc.’s SIM-based Apple Pay service generated this fall. But HCE never went away, and now Royal Bank of Canada is making a bid to put …
Read More »AmEx In NBA Test and Other News for Nov. 12
• American Express Co. is testing a mobile-payment service built on its Serve platform with the NBA's Brooklyn Nets and their home arena, the Barclays Center. The Brooklyn eWallet is part of the Nets' mobile app for iOS and Android smart phones; fans can store up to 10 payment cards in …
Read More »With Its McDonald’s Deal, Softcard Gains More Access to Everyday Spend for its NFC Wallet
While Apple Inc.’s Apple Pay mobile wallet has been grabbing the headlines, the telco-controlled Softcard mobile-payments service this week lined up another major fast-food chain. Consumers now can use their Softcard mobile wallets to pay for purchases at U.S. McDonald’s locations. Formerly known as Isis, Softcard is a smart …
Read More »Theft of Users’ Email Addresses Overshadows MCX’s Attempt To Blunt ‘Misinformed’ Comment
By Jim Daly and Kevin Woodward Just hours after Merchant Customer Exchange LLC (MCX), the retailer-backed developer of the CurrentC mobile-payments service, posted a response to reports about some of its members dumping Apple Inc.’s rival Apple Pay service, the company notified customers that “unauthorized third parties” had obtained email …
Read More »The Gimlet Eye: NFC’s Day in the Sun
Well, it finally happened. Apple Inc. has included a near-field communication chip in new iPhone 6 and charged full-bore into the troubled world of mobile wallets (see our cover story to read all about it). To understand the significance of this event, you have to reflect on the history of …
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