Digital Transactions Authoritative, insightful and timely information for payments professionals
Michael Barrett and Sebastien Taveau Standards are finally emerging that will bring secure biometric authentication to millions of smart phones. Those of us who practice the “dark arts” of information security know all too well that we are often misunderstood by our colleagues. They have been quick to impugn our …
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M-Commerce: Mobile Shopping Is Cool, But …
Peter Lucas Consumer frustration with checkout threatens to dampen the mobile-payments boom. Technology to the rescue? When it comes to shopping, mobile devices have untethered online consumers from the constraints of desktop and laptop computers. New York-based market-research firm eMarketer Inc. projects that this year alone sales initiated by mobile …
Read More »M-Commerce: Mobile Payments: The Next Cash Cow for Small Businesses?
Shelley Plomske Mobile payments and social marketing are creating many new opportunities for small and mid-sized businesses. Here are some key points for merchants as these new technologies and techniques ramp up.This year will be unlike anything ever witnessed in the payments industry. Driven by the global economic crisis, the …
Read More »Square Fills an Online Gap with Its New Square Market E-Commerce Service
Mobile-payments processor Square Inc. on Wednesday moved to fill a gap in its product lineup by introducing Square Market, an e-commerce service for small U.S. merchants. Square Market publishes a merchant’s Web pages at no charge, doesn’t charge for listings, and charges a straight 2.75% of the sale for a …
Read More »Banks’ ‘Shift in Priorities’ Leaves Secure Vault Payments in the Lurch
n n n n n n n n n n n n n n n Merchant pricing is 0.9% of the sale plus 30 cents, which Gonthier says is only about one-third the cost of a credit card or PayPal Inc. transaction.
Read More »As the CFPB Studies Overdrafts, Some Say Any New Rules Could Favor Debit Volume
The Consumer Financial Protection Bureau appears to be gearing up to put more controls on bank overdraft fees. The impact of any new overdraft rules on debit cards is unknown but there’s a chance they could prove positive for transaction volume, according to one industry researcher. The CFPB, a creation …
Read More »Visa Looks To Usher in a New Era of Understanding with Merchants And Government
Working closely with merchants, card issuers, and merchant acquirers to deliver more value through its brand at the point of sale, as opposed to enhancing revenues through price increases, is the road map Visa Inc. laid out Thursday at its Investor Day conference. “We don’t feel we have to raise …
Read More »Security Notes: Too Late for EMV in the U.S.
Gideon Samid • Gideon@BitMint.com How would you counsel a society that uses manual typewriters? Would you explain the clear advantages of an electric typewriter, or would you point them to computer technology? Similarly, for the huge national effort called EMV (Europay-MasterCard-Visa) migration. Consider EMV in light of “pay-phone” technology. Just …
Read More »Acquiring: Fee Fight
Elizabeth Whalen Merchants focus most of their attention on interchange when they think of card-acceptance costs, but now network fees and related charges are in the spotlight. Are such charges an expression of oligopolistic power? When MasterCard Inc.’s new digital-wallet fee takes effect this month, it will join a growing …
Read More »Security: The Battle of the Bits
Linda Punch With law enforcement’s spotlight on Bitcoin and other digital currencies, a startup called BitMint hopes its approach will inject much-needed trust into the business. Developers of digital currencies are struggling to find the right mix of features to win over a mass market. One of the latest efforts …
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