Digital Transactions Authoritative, insightful and timely information for payments professionals
Startups and established companies alike are betting that consumers obsessed with daily deals could jump-start mobile payments. But it may take a while for that bet to pay off. By Jane Adler Rewards redemption with a mobile device at the point of sale isn’t a …
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Security: Why PINs Need Performance-Enhancing Technology
Linda Punch Increasingly sophisticated fraud schemes show that personal identification numbers are more vulnerable than once thought. Bring in the reinforcements. For the past 40 years, personal identification numbers have built an enviable reputation as a nearly inviolable security feature. They’re much more secure than …
Read More »Endpoint: The Vexing Question of Cross-Border Commerce
If domestic online merchants were to adopt payment alternatives similar to those of their competitors in other countries, they could realize as much as a 60% increase in their business. Rapidly expanding economies overseas represent a rich opportunity for domestic online merchants. Too bad these merchants aren’t equipped …
Read More »Tablet Computers Deliver a Bigger Bang Than Smart Phones for the M-Commerce Buck
As manufacturers scramble to develop tablet computers to challenge Apple Inc.’s dominant iPad, findings from an electronic-commerce services firm suggest payments companies looking for new transaction volume through mobile devices would be smart to do everything they can to encourage consumers to buy things on the iPad and its …
Read More »Diebold Looks To Take ATM Management to the Cloud
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Read More »A Treasury Audit Criticizes the IRS About New Merchant-Reporting Requirements
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Read More »ADA Rules, Skimming, And Windows Conversion Are Top ATM Priorities, Study Shows
Bank ATM managers have slain one dragon, a transition to better data protection with the widespread rollout of the Triple Digital Encryption Standard. Some 99% of ATMs now use Triple DES, according to Aite Group LLC. But according to new survey results, ATM managers are still fighting several others, …
Read More »How a Google-Motorola Combo Could Be ‘Good News’for NFC in the U.S.
At first glance, the nascent mobile-payments business doesn’t seem to be the major driver of Google Inc.’s $12.5 billion cash acquisition of cell-phone maker Motorola Mobility Holdings Inc. The deal, however, could spur payments using near-field communications (NFC) technology as software companies, phone manufacturers, and mobile-communications software companies jockey for …
Read More »Authorization, Processing Costs Drop, But Other Fees Climb for Acquirers, Study Shows
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Read More »Hypercom Pulls Plug on SmartPayments Software Amid Security Flaws
Security weaknesses have caused Hypercom Corp. to pull the plug on a software system that enables gateways and merchants using personal computers as virtual terminals to connect to payment-processing services. Scottsdale, Ariz.-based Hypercom sent a notice on July 15 to users of its SmartPayments Savannah Server and related products that …
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