Digital Transactions Authoritative, insightful and timely information for payments professionals
A flood of payments initiatives has come out of the Valley, with more on the way. What is it about this business that gets the mercury rising out there? Where do people in payments look for innovation? Yes, some of it shows up in Boston, a little in Chicago and …
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C-Store Chain Wawa Debuts a Mobile Payments And Rewards App
Starbucks Corp. has proven that consumer apps for buying coffee are becoming more popular, and now convenience stores have joined in with c-store chain Wawa Inc. launching its mobile-payments and rewards app. To use the payment function of the Wawa app, which is available for iOS and Android smart …
Read More »Inexperience Plus Product Restrictions Likely Killed Amazon Wallet, Analysts Say
The newness of mobile payments likely was a contributing factor to Amazon.com Inc.’s decision this week to pull the plug on its six-month-old Amazon Wallet. That’s the theory suggested by Brian Kilcourse, managing partner at RSR Research LLC, a Miami-based retail advisory firm. Amazon.com launched Amazon Wallet in July, selling …
Read More »COMMENTARY: Securing the Future of Safe Electronic Payments
Americans love to shop. Whether online, in a small mom-and-pop business, or at a big-box retailer, shoppers turned out in droves this past holiday season. From Thanksgiving through Cyber Monday for example, online sales were up 12.6%–a record week–according to the IBM Digital Analytics Benchmark. For the holiday season overall, …
Read More »AmEx Claims 400,000 Small Merchants Through Its ISO-Driven OptBlue Program
Some 400,000 small merchants now accept American Express Co. payment cards through the OptBlue program that AmEx announced nearly a year ago. OptBlue enables bank card merchant acquirers and independent sales organizations to offer AmEx acceptance to small businesses and set the pricing through a one-stop-shopping option when they sell …
Read More »Supreme Court Rejects Petition, Dealing Merchants Another Defeat on Debit Cards
Merchants battling debit card pricing and routing rules suffered another defeat on Tuesday. The U.S. Supreme Court rejected a petition from a merchant group seeking to have the high court hear its arguments against Federal Reserve rules regulating debit card interchange and transaction routing. The move leaves intact a lower-court …
Read More »PayPal Here Reader Adds Windows 8.1 Support, With App Integration Later This Month
PayPal Inc. updated its reader for its PayPal Here mobile point-of-sale service with Windows 8.1 support and separately plans to release software to integrate reader support into iOS and Android apps. Introduced in 2012, PayPal Here enables merchants to use their smart phones and tablets as payment-acceptance devices. The inclusion …
Read More »U.S. Card Producers Prepare To Crank Out EMV Cards in Big Numbers
By Jim Daly U.S. credit and debit card issuers will be mailing hundreds of millions of Europay-MasterCard-Visa (EMV) chip cards to their customers this year and next now that the payment card networks’ EMV liability shift looms just eight months away. Estimates about chip card issuance vary, but all involve …
Read More »New Verifone mPOS Device, Android Tablet Among Flurry of NRF Announcements
Several payments-industry vendors are making product and services announcements in conjunction with the National Retail Federation’s annual Big Show convention this week in New York. Verifone unveiled the PayWare Mobile e355, a mobile point-of-sale terminal that accepts magnetic stripe, near-field communication (NFC), Europay-MasterCard-Visa (EMV), and Apple Pay transactions. Available in …
Read More »Obama Proposes National Breach Notification And Privacy Laws in Wake of Data Thefts
In the wake of a barrage of data thefts affecting tens of millions of U.S. citizens, President Barack Obama on Monday proposed national legislation to regulate breach notification. Other legislation proposed by Obama would ban companies from selling student data to other organizations for non-educational uses and from using information …
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