Digital Transactions Authoritative, insightful and timely information for payments professionals
Apple Inc.’s introduction of its new Apple Pay service for its soon-to-be released iPhone 6 and the Apple Watch raised a huge number of questions in the payments industry. One of the biggest topics of speculation is just how is Apple going to make money from the service, with combines …
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Trends & Tactics
MasterCard Sees Dollars in Tokens As mobile payments and the use of tokens for payment security grow, at least one card network is seeing an opportunity for new fee revenue. MasterCard Inc. is planning new “digital enablement” fees, one for merchant acquirers and others for card issuers. The fees are …
Read More »Security Notes: No Sweat, My Robot Will Pay
No Sweat, My Robot Will Pay Gideon Samid • Gideon@BitMint.com The decision to purchase and pay is quintessentially human, or so we believe today. Computers account for decision-support data, convenient payment-handling devices, and automated accounting. But the pivotal determination to actually make a payment remains in the unchallenged human domain, …
Read More »Security: Unintended But Predictable
Unintended But Predictable The U.S. arrival of EMV virtually ensures criminals will step up attacks on card-not-present channels, which EMV doesn’t protect. So what is the industry doing to defend itself? Just about everywhere that Europay-MasterCard-Visa (EMV) chip cards have replaced magnetic-stripe payment cards, greatly strengthening the shield protecting brick-and-mortar …
Read More »As Card-Industry Use of Tokens Increases, MasterCard Plans “Digital Enablement” Fees
MasterCard Inc. is planning new “digital enablement” fees, one for merchant acquirers and the other for card issuers, that will generate revenue for the network as mobile payments and the use of tokens that substitute for actual payment card numbers increase. The fees are outlined in recent MasterCard bulletins for …
Read More »Visa Revamps Its Online Wallet, And Gives It a New Name: Visa Checkout
Visa Inc. says its new online payment service, Visa Checkout, should help improve conversion rates for e-commerce retailers by making it easier for consumers to pay. The service, available in the United States, Canada and Australia, enables consumers to pay online on any device, Visa says. Visa Checkout replaces the …
Read More »POS Vendors Flint And Vend Link Up with Intuit for a QuickBooks Online Integration
Small businesses using Vend Ltd. point-of-sale systems and a mobile-payment acceptance app from Flint Mobile Inc. can now link payment data from these services to their QuickBooks Online accounts. Vend is a New Zealand-based company that markets a POS system that works on desktop computers, Apple computers, and the iPad. …
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Vantiv-Mercury: Bad News for ISOs? Mercury Payment Systems LLC made its reputation as the leader in a rising niche of independent sales organizations that offer payment processing as part of business-management applications sold to merchants by software developers, dealers, and value-added resellers. In contrast, many ISOs still peddle straight payments …
Read More »Cover Story: Annual Field Guide to Alternative Payments
Our Guide spotlights how mobile payments and digital currency drive payments innovation. by John Stewart, Jim Daly, and Kevin Woodward Alternative payment schemes are becoming almost too numerous to count. A few months back, one payments-industry veteran listed all the mobile wallets he knew of and came up with about …
Read More »With Abandonment Soaring, Equifax And Jumio Aim To Ease Mobile Commerce Pain
Consumer affinity for shopping on smart phones and tablets is unlikely to abate any time soon. And that poses a problem for retailers as they try to make the payment experience easier on mobile commerce sites and apps. It’s a problem that credit-reporting agency Equifax Inc. and payments-and-authentication-services provider …
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