Digital Transactions Authoritative, insightful and timely information for payments professionals
Everyone agrees EMV cards must comply with federal law. Trouble is, nobody can agree on how to make that happen. Meanwhile, a key EMV readiness deadline looms. By Peter Lucas This is no time for the payments industry to be arguing over how to route EMV debit transactions, what with …
Read More »Search Results for: card data
Opinion & Analysis: Could NFC Payments Be DOA?
George Peabody From financial institutions to card networks to mobile carriers, a fixation on payments has dimmed the once-bright prospects for near-field communication technology. Wences Casares, founder of Bling Nation and Lemon.com, once said of near-field communication, “NFC is a great technology. But it was abducted by payments, and hasn’t …
Read More »Security: A Fertile New Field for Hackers
Linda Punch Hobbled by limited resources and other handicaps, government units are struggling to combat a rising onslaught from online data thieves. When news of a data breach hits the national headlines, it usually involves retailers, processors, and others in the private sector. But government entities from park districts and …
Read More »Endpoint: Stress Points in Acquiring
The acquiring business has entered an age of disruptive change, but it will emerge all the stronger for it, argues Eric Grover. While individual acquirers and independent sales organizations are fragile, acquiring as a whole is anti-fragile. Eric Grover is principal at Intrepid Ventures, Minden, Nev. Reach him at eric.grover@intrepidventures.com. …
Read More »Is Chase Merchant Services an Omen of a Diminished Role for Merchant Acquirers?
Could the new Chase Merchant Services (CMS) processing entity announced Feb. 26 by JPMorgan Chase and Co. and Visa Inc. be a harbinger of a major change in the way bank card payments operate? The payments industry is abuzz with talk about how CMS could shake things up by enabling …
Read More »A 10-Year Visa-Chase Deal Will Include Direct Issuer Links to Select Merchants
Visa Inc. and banking giant JPMorgan Chase & Co. on Tuesday announced a 10-year partnership that promises to shake up the merchant-acquiring world by creating direct links between card issuers and merchants. Chase, which owns the nation’s second-largest acquirer, Chase Paymentech, is licensing a private version of Visa’s VisaNet transaction-processing …
Read More »Visa Teams up with Samsung And Roam To Develop Mobile Payments
Visa Inc. is teaming up with the hot smart-phone manufacturer Samsung Electronics Co. Ltd. to kick-start the market for near-field communication (NFC) payments, and it’s also got a deal with technology provider Roam to develop mobile payments. Under an agreement with South Korea-based Samsung that Visa announced Monday, banks and …
Read More »Identity Fraud Rises for the Second Year in a Row, New Study Finds
While still down from high levels in 2009, identity fraud rose for the second straight year in 2012, according to the latest annual ID-fraud study from Javelin Strategy & Research. Javelin estimates that 5.26% of U.S. consumers were ID-fraud victims last year, up from 4.90% in 2011 and the recent …
Read More »A Startup Emerges to Replace Passwords With a Wide Menu of Alternative Identifiers
Aiming to resolve a vexing security problem presented by user names and passwords, Palo Alto, Calif.-based startup Nok Nok Labs launched on Tuesday with $15 million in financing. Next month, Nok Nok will start shipping software that will allow users of PCs and mobile devices to identify themselves to …
Read More »Rewards, Subsidies Help Spur Activity for Isis in Mass Transit And Vending
A little more than 90 days into its pilot, Isis, a mobile-payments consortium formed by wireless carriers Verizon Wireless, AT&T Mobility, and T-Mobile USA, announced on Tuesday at the 2013 Payment Summit in Salt Lake City that it has more than 10,000 merchant locations in Salt Lake and Austin, …
Read More »