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Search Results for: account verification

Apple, Shopkick Among First to Deploy Bluetooth LE for Commerce; PayPal’s Closing in

A wireless connectivity standard known as Bluetooth Low Energy appears to be getting a high-energy reception in payments and commerce. Apple Inc. is among the first to put the technology to use in its stores. On-the-spot rewards company Shopkick is testing it in two Macy’s stores, one in New York …

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Pay And Walk-Away App Debuts To Let Physical Merchants Combat Showrooming

A new smart-phone app hopes to give retailers an edge in capturing sales when consumers use their mobile devices in their stores. Dubbed SelfPay, the app enables consumers to pay for merchandise while standing in a store aisle and leave without stopping at a cash register. Developed by Digital Retail …

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Look Ma, No Card Reader: New App Captures Card Numbers for POS Transactions

A new point-of-sale card-acceptance app expected to be available in early 2014 will use pattern-recognition technology to capture a payment card number, potentially speeding up an in-store transaction and eliminating the need for a card reader. n Cartwheel Register eschews a card reader that plugs into the audio jack in …

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Interchange Relief And Other Carrots Needed To Spur U.S. EMV Conversion, Analyst Says

Europay-MasterCard-Visa (EMV) chip cards will come to the U.S., but probably not before the payment card networks postpone current deadlines and offer strong incentives for merchants that might include interchange relief and dumping the signature as a cardholder- verification method, according to a new research report from Celent LLC. Card …

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Google Gets Physical with the Debut of the Google Wallet Card

  Google Inc. today announced the availability of a payment card to accompany its Google Wallet online and smart phone-based service. The card, which is funded by money held in a consumer’s Google Wallet account, can be used at point-of-sale locations that accept MasterCard Inc. transactions. MasterCard was part of …

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Coin Gets Lots of Buzz, But May Get Devalued When the Euphoria Wears off, Experts Say

The Coin card, which officially launched last Thursday but is not yet available in the market, is generating a tidal wave of buzz in the press and on social-media sites but is not wowing payments experts contacted by Digital Transactions News. “It’s solving a problem that doesn’t really exist,” says …

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Decoupled Debit Scheme Pulls Up at the VeriFone Fuel Pump

Consumers this fall will be able to use their smart phones to pay for fuel at certain gas stations that use VeriFone Systems Inc. technology and offer National Payment Card Association’s mobile-payment app, VeriFone announced Monday. Point-of-sale terminal maker VeriFone says convenience store and gas station operators using its Smart …

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New Technology Entrants Capture ISO and Acquirer Attention at Regional Conference

  Recurring revenue from transaction-processing fees has been a staple of independent sales organizations and acquirers for decades. But amid a host of new competitors, the payment-processing industry finds itself wondering what its next steps may be. ISOs are squeezed on one side by large players, like First Data Corp. …

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Will That Be Chip And PIN Or Chip And Signature? Expert Forecasts EMV Confusion

Payments executives already know the coming changeover from magnetic-stripe cards to chip cards using the Europay-Visa-MasterCard (EMV) standard will be expensive—about $11 billion, according to a new report from Aite Group LLC. But Aite notes that while likely to greatly reduce fraud at the point of sale, the big switcheroo …

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Cover Story: So You Want To Get Into Digital Currency?

The complexity of federal and state regulation has some operators thinking twice, including Facebook and Microsoft, both of which ditched their currencies. By Linda Punch When federal prosecutors in May shut down digital-currency network Liberty Reserve on money-laundering charges, all eyes turned to other peer-to-peer digital currencies, such as Bitcoin …

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