Digital Transactions Authoritative, insightful and timely information for payments professionals
Discover can point to some major triumphs since it was launched by Sears a quarter-century ago, not least its success in taking on Visa and MasterCard. But a fast-changing payments landscape offers no assurance of future success. Discover’s plan: It pays to network. By Jim Daly …
Read More »Search Results for: card data
Endpoint: Time to Toe the Line on PCI
Frankly, a Level 4 validation mandate by industry leaders in the payments space would only cement in place a practice that already exists, but is not enforced uniformly. We’ve had the PCI DSS for years, yet breaches continue to put small merchants out of business. The cause is …
Read More »Having Started with Big Chains, Mobile Point of Sale Begins to Filter Down to Smaller Retailers
With the increasing popularity of smart phones and other mobile gadgets, major brick-and-mortar retail chains like Home Depot and Nordstrom began adopting mobile point-of-sale systems this year. And now smaller chains have begun equipping floor personnel with mobile devices that can scan merchandise and help customers look up out-of-stock …
Read More »Acquirers Can Expect a Very Merry Christmas If Trends Hold
If the best present for a merchant acquirer is more transactions to process, 2011’s Christmas has already arrived. Various reports from acquirers, payment processors, and research firms indicate that electronic transaction volumes are up sharply over 2010’s levels despite the gloom that still colors most economic news. Dallas-based Chase Paymentech, …
Read More »Merchants File Suit Accusing the Fed of Departing from the Law with Its Durbin Regs
n n n n n n n n n n n n n
Read More »Chicago Transit Authority Places a $454 Million Bet on Open-Fare Payments
Open-fare payments for public transportation got a big boost when the Chicago Transit Authority announced it had awarded a $454 million, 12-year contract to Cubic Transportation Systems to build and maintain a payment system that accepts contactless cards. The CTA, which provides about 500 million rides a year, thus …
Read More »Google Folds Its Checkout Service into Google Wallet
n n n n n n n n n n n n n
Read More »Mitek Snaps up Customers As Demand for Mobile Imaging Grows
Mobile-deposit and imaging software provider Mitek Systems Inc. said it doubled to 161 the number of financial-institution customers of its flagship Mobile Deposit product in its fourth fiscal 2011 quarter from 80 in the third quarter. The nation’s top five banks and seven of the top 10 now use or …
Read More »Eye on M-Commerce: AmEx Creates a Venture Fund; Intuit Strikes a Deal with AT&T
n n n n n “We’re looking to play in the broad commerce space,” Sanghi tells Digital Transactions News, noting that AmEx started as a stagecoach company 162 years ago. “We’ve reinvented ourselves continuously.” He adds that although most of the investments probably will be domestic, AmEx might invest …
Read More »Trends & Tactics
The Concentrated World of ISOs Reps from more than 1,200 independent sales organizations pound Main Streets, malls, and strip shopping centers in search of merchants interested in payment-processing services. That number suggests a wide-open industry, but a new study of ISOs sheds light on just how few players …
Read More »