For years merchants have sought ways to market to customers on a personal level and drive in-store sales in real time. Is beacon technology the answer? There’s been a lot buzz lately around the use of mobile beacons in merchant locations to drive sales, and with good reason. With smart …

  Card-not-present fraud isn’t the only looming threat for payments providers and merchants. Account-takeover losses are also set to take off. As criminals find it easy and affordable to use the Internet to obtain millions of pieces of personally identifiable information about consumers, the prospects of greater fraud overall are …

We haven’t heard a whole lot lately about beacons, those small transmitters merchants were supposed to station in their stores to beam offers out to customers as they were passing by or browsing in the aisles. So we decided to run a story this month on the matter to see …

Visa Inc. wants small merchants to confirm that they follow the security rules by which larger merchants must abide. The big card network says that beginning Jan. 31, 2017, merchant acquirers must annually validate compliance by their so-called Level 4 merchants with the Payment Card Industry data security standard. Other …

The crucial role in-app payment plays in mobile-wallet usage emerged in high relief last month in a report showing that almost one-third of all Apple Pay credit card transactions made in the previous five months by surveyed consumers occurred within a merchant app rather than in a store. Over the …

Portfolios of independent sales organizations are bought and sold with fair regularity, but a deal that closed as 2016 dawned begged notice because of who the seller was. Merchant processor First American Payment Systems L.P. bought the ISO portfolio of Chase Commerce Solutions, the merchant-acquiring and payment-processing unit of banking …

Sweden’s online-payments firm Klarna started operations in the United States only five months ago, but already it is making itself felt in the highly competitive business of serving U.S. e-commerce merchants. By early January, nearly 20 retailers had signed up for the company’s streamlined checkout service, including big sellers Overstock.com …

When the U.S. rollout of EMV cards started in earnest last year, many experts predicted consumers would soon tire of the time-consuming chip-reading routine, putting pressure on the payments industry to usher in contactless EMV and more mobile wallets. But that’s not happening, at least not all that much and …

Just as there are two sides to every coin, there’s a second side to the mobile wallet beyond payments. It’s marketing. That’s one of the takeaways from a recent survey from Vibes, a Chicago-based mobile-marketing specialist. Though the survey of more than 1,000 smart-phone owners found that only 32% of …

For years merchants have sought ways to market to customers on a personal level and drive in-store sales in real time. Is beacon technology the answer? Thereäó»s been a lot buzz lately around the use of mobile beacons in merchant locations to drive sales, and with good reason. With smart …