Digital Transactions Authoritative, insightful and timely information for payments professionals
You may or may not buy into Bitcoin, but you’re going to love the blockchain. Or so say those who are adopting Bitcoin’s ledger technology for everything from stock exchanges to ticket sales. When the speculative bubble that had driven the price of a single Bitcoin to four-figure heights burst …
Read More »Search Results for: card data
Time for the Abuse To Stop
From leases lopsided in acquirers’ favor to a bevy of bogus fees, dodgy ISOs, sponsoring banks, processors, and leasing companies are exacting a moral as well as monetary cost on the industry. Here’s what’s going on—and how to clean it up once and for all. Picture this. You’re at a …
Read More »How Merchants Can Capitalize on Millennials
This young demographic is shaking up payments. Capturing their business requires new tools, new approaches, and, above all, open-mindedness. My 80-year-old mother doesn’t have an ATM card, but I don’t think my 4-year-old grandson will ever have a checkbook. Hard cash’s days are numbered. The payments industry is in the …
Read More »Dropped Call
The mobile carriers once stood bestride the payments world as major players. Now, not so much. What happened, and can they stage a comeback? Not so long ago, the mobile network operators, or MNOs for short, cast a long shadow over the nascent business of mobile payments. While banks and …
Read More »Intel in Payments
Farhaan Mohideen – Strategist, Mobility and Secure Payment Solutions Intel in Payments Merchants and service providers have to put in far more focus on the experience itself to differentiate their services. The ultimate goal has been to make the experience as invisible, as simple and as seamless as …
Read More »Fraud-Weary Europeans Look Forward to the U.S. EMV Liability Shift
Stolen European payment card numbers and related data are popular imports in the U.S. black market, which is why European bankers, merchants and data-protection executives are looking forward to America’s EMV chip card liability shift that takes effect Thursday. That’s the word from Jeremy King, international director of the Wakefield, …
Read More »With a Choice, Will Samsung Smart-Phone Owners Choose Samsung Pay?
Samsung Electronics America Inc.’s launch today of Samsung Pay, a mobile-payments service exclusive to its smart phones, could pose a quandary for consumers over whether they should choose Samsung Pay or Android Pay, Google Inc.’s mobile-payment service that wireless operators are loading onto the Android phones they sell. Samsung …
Read More »CurrentC’s Pilot Is Under Way, But Users—And Some Clerks—Are in the Dark
By John Stewart At least some consumers in Columbus, Ohio, are using the Merchant Customer Exchange’s CurrentC mobile-payments app, but with little or no advertising so far finding a store cashier who knows about the app and how it works is a hit-or-miss proposition. That’s the finding of a CurrentC …
Read More »Regulators Try To Catch Up With Swiftly Changing Payments Technology
By Jim Daly New York has its new BitLicense and California is actively looking at regulations for virtual currencies, but the organization that promotes uniform state laws is working on a prospective law that would guide regulations for alternative and mobile payments. The Chicago-based Uniform Law Commission (ULC) created its Alternative …
Read More »With EMV Looming, a Tool Emerges To Simplify Integrations with POS Systems
Managing the integration of EMV payment acceptance into point-of-system software can be replete with nuances unfamiliar to many developers. That’s where a product announced Tuesday by two payments companies working jointly could assist. Seattle-based independent sales organization Gravity Payments Inc. has teamed with Creditcall Ltd., a United Kingdom-based transaction gateway …
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