Digital Transactions Authoritative, insightful and timely information for payments professionals
With PIN debit fraud losses rising along with consumer usage of PIN debit cards, MasterCard Worldwide announced on Wednesday a system it says will score PIN transactions in real time to assess their risk of fraud. Purchase, N.Y.-based MasterCard says when the service goes live in the first quarter of …
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It’s One Step Ahead, One Back for Visa at Dollar General, University
It may be as rare as an ivory-billed woodpecker, but the merchant that accepts Visa without also accepting MasterCard or vice versa is not extinct in the United States. Within the past week, discount retailer Dollar General Corp. announced it would accept Visa credit and check (signature-debit) cards but not …
Read More »New Super Switch Lets Visa Handle Transaction Growth, Diversity
Visa USA, which on Wednesday announced it has completed a massive, five-year project to overhaul its authorization platform, says the new system will allow the network to handle expected jumps in both the volume and diversity of electronic transactions. The overhaul, which its chief architect, John Partridge, calls “the single …
Read More »Positive Results of Atlanta NFC Pilot Could Spur More U.S. Tests
A nine-month trial of contactless payments using near-field communication (NFC) technology in Atlanta ended this week with what its participants are calling positive results, including an apparently enthusiastic reception from the pilot's 150 users. Meanwhile, the results of the Atlanta pilot may be spurring banks, the bank card networks, handset …
Read More »Will Old Risk to Credit Cards Threaten New ACH Web Proposal?
As an e-commerce payment system being developed for the automated clearing house nears a pilot scheduled for early next year, it may confront an old issue that sank an earlier such project: the potential for lost credit card sales online. That's according to an in-depth story on the ACH and …
Read More »Applying Casino Lessons, Infonox Pushes Savvier ATMs for Banks
Convinced that banks are ready to upgrade ATM capability to sell more products and services, San Jose, Calif.-based Infonox Inc. says it is piloting marketing-savvy machines with unnamed clients and plans to have at least one commercial deployment in progress within six months. “There's a dramatic shift in the banking …
Read More »Most Breaches Occur at Card-Present Merchants, Auditor Data Show
Brick-and-mortar merchants?and restaurants in particular?pose the biggest risk when it comes to card-data compromises, while point-of-sale systems based on personal computers as well as those hooked up to broadband connections are at significantly greater risk. That's according to new data released by AmbironTrustWave, a Chicago-based company that performs security audits …
Read More »First Data Readies an ISO Thrust with Unified Pricing, New Terminal
Processing giant First Data Corp. soon will launch an initiative aimed at furthering its ties with the high-margin sector of the acquiring market controlled by independent sales organizations by offering ISOs a new terminal and unified pricing for all four major general-purpose card brands, sources tell Digital Transactions News. The …
Read More »Instant Issuance Builds Momentum, Looks to RFID, Prepaid, Credit
The business of putting debit cards in bank customers' hands on the spot, at the moment they open an account, is growing rapidly and may soon include prepaid cards and credit cards, according to a supplier of software that controls the process. Dynamic Card Solutions, Englewood, Colo., says it now …
Read More »Image Volume Mounts Steadily for SVPCO As It Courts Smaller Banks
In a sign that check image exchange continues to make steady progress, SVPCO has reported its national network processed 56.5 million items in June, an 11.1% increase over May's volume. Total dollar volume for the month reached $157 billion, up 4% over May. Daily average items, a keenly watched indicator, …
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