Digital Transactions Authoritative, insightful and timely information for payments professionals
Jane Adler With a growing array of digital wallets, retailers are testing multiple strategies—all at once. When it comes to digital wallets, retailers are like kids in a candy store. Lots of sweet offerings are on display. But instead of picking a favorite, some merchants take one of each to …
Read More »Search Results for: retail
Opinion & Analysis: Five Challenges for Banks And Merchants
Steve Mott Financial institutions and retailers are natural allies—not enemies—and nowhere can this alliance yield more profitable results than in mobile payments. Here are five problems the two sides must solve to make the most of this great mobile alliance—along with five proposed solutions.(Editor’s note: This article is the second …
Read More »Strategies: First Data After the LBO
Jim Daly Five years after its momentous leveraged buyout, has First Data transformed itself into a toned-up competitor while confined to what some might say is debtor’s prison? On Sept. 24, 2007, Wall Street’s legendary Kohlberg Kravis Roberts & Co. took leading payment processor First Data Corp. private in a …
Read More »Cover Story: What’s This FANF Thing All About?
Born of the transformed world wrought by Durbin, Visa’s new acquirer fee is either a rational response to changed economics or a diabolical exercise of raw power, depending on whom you ask. By John Stewart Bruce Reisman is an angry man. “I’m not a happy camper. I’m constantly looking for …
Read More »Networks: Remote Capture Hits Its Stride
Peter Lucas With big banks like Chase and Citibank aggressively promoting remote deposit capture, consumer demand for the product is skyrocketing. As a result, more and more banks are using it as a tool to acquire and keep customers. It’s been a long time since banks have had a customer-acquisition …
Read More »Security: What You Have, Where You Are, What You Know, Who You Are
Sebastien Taveau Before adopting a hybrid “chip/cloud” approach to mobile payments, providers need to figure out how to tie account owners to their devices. A former architect of PayPal’s hybrid model explains why—and how to do it. It seems clear that mobile is changing a lot of things. The telco …
Read More »Quiet During the Wallet Wars, Visa Readies V.me for a Year-End Rollout
With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but busy. The payment service is live with five online merchants, and Visa plans to introduce it as a commercial product by year’s end, a spokesperson …
Read More »Apple’s Move to Stop Samsung Models Unlikely to Impact NFC Wallets
Apple Inc.’s motion to stop sales of eight Samsung Electronics Co. handset models may not have a strong immediate impact on the major mobile wallet providers but could give Apple important advantages in the mobile-payments market later on, experts tell Digital Transactions News. Apple cited the Samsung models on Monday …
Read More »With Double-Digit Growth, Prepaid Closes in on Half-Trillion Mark in Load Value
The prepaid card market closed in on half-a-trillion dollars in load volume last year, new data from Mercator Advisory Group Inc. show. Volumes on closed-loop cards grew 14% and loads on the newer open-loop cards increased 24%, according to Mercator’s ninth annual study of U.S. prepaid cards. In all, Maynard, …
Read More »High-Tech PayPal-Discover Tieup Rests on Huge Issuance of Old-Tech Mag-Stripe Cards
The massive deal PayPal Inc. and Discover Financial Services announced on Wednesday that will bring online-payments leader PayPal to 7 million physical U.S. merchant locations has all the hallmarks of electronic payments in the 21st Century’s second decade, including digital wallets and cloud-based technology. But the foundation of the deal …
Read More »