Thursday , November 14, 2024

Search Results for: high risk merchants

What the Age of Trump Means for Payments

Generally, the prospects for overweening regulation and lawless intervention are dimmer, and that’s a good thing. A healthy and innovative financial-services and payments industry is vital for economic growth. Yet, for the last eight years, Washington’s boot has been on its throat. It’s been battered by the Card Act, Dodd-Frank …

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The Big Payoff in Big Data

Acquirers are starting to leverage the power of massive—and diverse—pools of information. The challenge lies in unlocking big data’s full potential. Big data has been a hot topic for years as companies look for innovative ways to become more competitive, boost customer retention, and raise their bottom line. Now merchant …

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The Age of Bots

They sell products, answer questions, and take payments in a process called conversational commerce. Just how much potential do chatbots really have? It’s been one of those days. You could use a drink. But you’re traveling on business, and you’re not sure where the local bars are. And you’re not …

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COMMENTARY: Why You Shouldn’t Count on Real-Time ACH for Retail Payments

A demand-deposit account is the anchor liquidity instrument for most consumers and businesses. For some members of the unbanked, it’s a GPR-prepaid-card account. Policymakers and commercial actors are moving to enable real-time payments between DDAs at thousands of U.S. banks. Policymakers aim to improve payment-system efficiency and enable new and …

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Visa, MasterCard Postpone 2017 Fuel-Pump EMV Liability Shifts for Three Years

Citing the difficulties that gas stations are having in retrofitting fuel pumps to accept EMV chip cards, Visa Inc. and MasterCard Inc. are postponing their Oct. 1, 2017, EMV liability shift for U.S. automated fuel dispensers (AFDs) until Oct. 1, 2020. Visa announced the postponement in a blog posting early Thursday. The …

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How Fragile?

The ever-expanding Internet of Things could represent a back-to-the-future security nightmare for the payments industry. What’s a network without endpoints? Visa Inc. and MasterCard Inc. have big networks—about 8 million endpoints in the form of merchant locations that include point-of-sale terminals in the U.S. alone. But the Internet of Things, …

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Visa’s QIR Mandate: Don’t Ask, Don’t Tell?

The new year will be ringing in with questions about Visa’s plan to improve the data-security work that third parties do on small merchants’ point-of-sale systems. What happens when a payment-security requirement isn’t enforced and is largely ignored by vast numbers of the industry participants it covers? We’re about to …

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The Numbers Are In: Same-Day ACH Traffic Meets Expectations in First Full Month

By John Stewart @DTPaymentNews The faster-payments movement in the United States took a key step forward late in September with the automated clearing house network’s adoption of same-day clearing, and now numbers are available for the first full month of faster ACH processing. A total of $4.98 billion on 3.8 …

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10th annual: The 10 Most Pressing Issues in E-Payments

EMV after effects dominate our list of headaches this year. Still, from regulation to faster payments to interchange uncertainty, there are plenty of other issues to contend with. In the 10 years we have compiled our annual list of pressing issues facing the payments industry, no single theme has dominated …

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