Monday , October 28, 2024

Search Results for: merchants

ATM And Petroleum Transactions Are Next Up for EMV Liability Shifts

By Kevin Woodward@DTPaymentNews With the U.S. point-of-sale conversion to EMV chip card acceptance well under way, attention turns to the upcoming liability shifts for ATM and fuel-dispenser transactions. First up is MasterCard Inc.’s liability shift for ATMs, which kicks in Oct. 21. Both MasterCard and Visa Inc. also have a …

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A Year On, EMV Migration Achievements Beset With Ongoing Acceptance Challenges

By Kevin Woodward@DTPaymentNews No doubt, the U.S. payment card industry’s monumental shift to EMV chip cards is earnestly moving ahead. A year later—Saturday marks the anniversary of the liability shift—some 2 million merchants accept the cards and card brands count millions of chip-enabled cards in use. The United States became …

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Lender Teams With EVO Payments For Canadian Venture and other Digital Transactions News briefs

• The U.S. Supreme Court agreed to hear a challenge to a New York state law barring retailers from imposing credit card surcharges, Reuters reported. A federal appellate court upheld the law a year ago; nine other states have similar laws. • Online business lender Merchant Advance Capital said it …

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Emphasizing E-Coupons, the Year-Old Samsung Pay Dubs Itself the ‘Holistic Digital Wallet’

By Jim Daly@DTPaymentNews As mobile wallets rapidly evolve, Samsung Electronics Co. Ltd. late Tuesday put out a birthday card of sorts reminding the world that its Samsung Pay service is now a year old in the United States. In that time, Samsung Pay has added payment-card issuing partners, but the …

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ACI and VocaLink in Faster Payments Deal and other Digital Transactions News briefs

• Processor Fiserv Inc. said ATM services provider FCTI Inc., a U.S. affiliate of convenience-store giant 7-Eleven Inc.’s Japan-based parent company, picked it to provide transaction processing for 7-Eleven’s nearly 8,000 U.S. ATMs when FCTI takes over the portfolio next July from Cardtronics plc. • Payment technology provider ACI Worldwide …

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An Appellate Court Victory Bolsters AmEx in Its Efforts to Enforce Acceptance Terms

By John Stewart @DTPaymentNews A federal appeals court on Monday handed American Express Co. a signal victory in the age-old battle with merchants over card-acceptance costs, but in doing so it may also have bolstered the card giant in its efforts to set and enforce merchant pricing. The U.S. Court …

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E-Retailers Take Heed: Certain ZIP Codes Harbor a Lot More Fraud Than Others

By Kevin Woodward@DTPaymentNews E-commerce fraud, the bane of online retailers and payments providers, is not only on the rise, certain U.S. locations seem more prone to this deceit than others. That’s according to a recent report from Experian plc. Data-specialist Experian says the riskiest ZIP code for shipping-address fraud is …

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Notes From Using Apple Pay on the Web: Easy And Slick; Too Bad It’s Safari Only

By Kevin Woodward@DTPaymentNews Apple Pay’s latest incarnation—enabling one-click payments for mobile and desktop Web-site purchasing—deftly brings the familiarity of such payments to Apple Pay users and merchants. At least, that’s my take on it, having used it last week when the service was released as part of an Apple Inc. …

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TCF Makes Dual Interface Its Standard EMV Debit Card Offering

In a break from the practice of most EMV chip card issuers, TCF National Bank reported this month that it will be issuing all of its customers’ debit cards with both contact and contactless capabilities. The bank, the principal subsidiary of Wayzata, Minn.-based TCF Financial Corp., said it will begin …

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Bank Adds Mobile Card Control Feature and other Digital Transactions News briefs

• E-commerce marketplace Rakuten.com will allow merchants outside the United States to sell to U.S. customers and collect payments in their local currency through a new arrangement with processor Payoneer. • First National Bank of Pennsylvania added a feature called CardGuard to its mobile-banking app that lets users turn their …

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Digital Transactions