Thursday , November 14, 2024

Search Results for: store cards

Visa’s CEO Delicately Fields Questions About the Company’s Merchant Relations

Visa Inc.’s top brass, during the company’s quarterly earnings conference call Tuesday afternoon, preferred to talk about fast-growing newer lines of business such as value-added services and transaction sources apart from traditional plastic credit and debit cards. But stock analysts on the call had questions about some sensitive merchant-relations issues, …

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With Its Chainwide Whole Foods Move, Amazon Signals Palm Checkout Is Ready for Prime Time

The planned expansion of Amazon.com Inc.’s palm-reading point-of-sale technology to all of the company’s 515 U.S. Whole Foods stores, a move the online retailer announced late last week, could represent a major leap for an authentication method few if any other backers have tried. The technology, introduced three years ago …

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Shopify’s Latest Sales Channel Is Roku

Entertainment-streaming platform Roku says a partnership with Shopify Inc. will provide viewers the ability to purchase products from Shopify merchants directly from their TV through Roku Action Ads. It works like this: When viewing an ad for a Shopify merchant, viewers press OK on their Roku remote to learn more …

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It’s Time for Congress to Dump the CCCA And Modify the Durbin Amendment, a Report Argues

With proposals aimed at controlling merchants’ costs for accepting credit cards having re-emerged in Congress, research has been emerging on both sides of the issue this summer as advocates for sellers and card issuers compete to influence any eventual legislation. The latest thrust appeared Monday with a research report arguing …

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$362 Billion in Online Fraud Loss And Other Digital Transactions News briefs from 6/26/23

Merchant losses from online payment fraud globally will total more than $362 billion in the years from 2023 to 2028, according to a forecast from Juniper Research. So-called swipe fees on credit card transactions will increase Fourth of July costs for U.S. consumers by more than $500 million, according to the Merchants Payments …

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The NFC Forum Looks to Widen the Range for Contactless Payments

A significantly longer range for contactless transactions could be a reality in the market within the next two to five years, according to news released this week by the NFC Forum, the standards body for near-field communication technology. The current standard for contactless payments is five millimeters, or about one-fifth …

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Tyfone Readies for FedNow And Other Digital Transactions News briefs from 6/21/23

Digital-banking platform Tyfone Inc. said it will work with One Credit Union to offer a real-time payment service certified for FedNow, the national real-time payments system that the Federal Reserve is expected to launch next month. Jane Technologies Inc. introduced a point-of-sale system customized for cannabis stores. Smart Pay has launched its Smart Pay …

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Eye on Wallets: Google Wallet Adds Driver’s License Storage; Alipay’s Apple Pay Integration

Google Wallet is adding the ability to store a digital image of a state-issued ID card along with several other features announced Thursday. In related news, Alipay, a China-based digital wallet with an estimated 1.3 billion users, is enabling users to add Alipay to their Apple IDs for use with …

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Why Niche Markets Are Ripe for Cashing Out Cash

There are still plenty of cash-heavy merchant markets that are looking to launch—and expand—digital payments. As deeply embedded as digital payment are at the point of sale, there are still merchant segments that are heavy on cash and light on digital-payment technology. These markets—including vending machines, micro-markets, and laundromats—are beckoning …

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ACI Picks New CEO And Other Digital Transactions News briefs from 5/31/23

ACI Worldwide Inc. named Thomas Warsop its president and chief executive effective June 1. Warsop continues to be a member of ACI’s board of directors, which he joined eight years ago. He had served as interim president and CEO since November following the departure of Odilon Almeida, who held that role since …

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Digital Transactions