Fourth-quarter transaction decline rates for credit and debit cards used for subscription payments increased to 15.9% from a first-quarter 2015 low of 14.4%, based on the value of the transaction, according to a report from Recurly Inc., a recurring-payments specialist. The “Recurly Subscription Snapshot,” which analyzed 25 million recurring payments …
Read More »Search Results for: high risk merchants
Debit Diversification
The EFT networks are broadening their product lineups, but are EMV and the global networks getting in their way? Eyeing high-growth payment markets such as e-commerce, the surviving electronic funds transfer networks are in a rush to expand their product menus beyond bread-and-butter PIN-debit transaction switching. At the same time, …
Read More »Masterpiece or Showpiece?
Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …
Read More »Masterpiece or Showpiece?
Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …
Read More »Debit Diversification
The EFT networks are broadening their product lineups, but are EMV and the global networks getting in their way? Eyeing high-growth payment markets such as e-commerce, the surviving electronic funds transfer networks are in a rush to expand their product menus beyond bread-and-butter PIN-debit transaction switching. At the same time, …
Read More »Debit Diversification
The EFT networks are broadening their product lineups, but are EMV and the global networks getting in their way? Eyeing high-growth payment markets such as e-commerce, the surviving electronic funds transfer networks are in a rush to expand their product menus beyond bread-and-butter PIN-debit transaction switching. At the same time, …
Read More »Supreme Court Agrees to Appeal in ATM Lawsuit and other Digital Transactions News briefs
• Grocery store giant The Kroger Co. filed a federal lawsuit against Visa Inc. accusing the card network of trying to force it to allow customers to verify EMV debit card purchases with signatures, and thereby route transactions to the Visa network, rather than with PINs as Kroger prefers, The …
Read More »Apple Pay Will Come to the Web Later This Year—But Only for Safari Browsers
Apple Inc. is bringing its Apple Pay service, originally restricted to apps and the Apple mobile wallet, to e-commerce sites on the Web. Apple Pay on the Web will be available this fall as part of the iOS 10 mobile and macOS desktop software updates. “We wanted to bring the …
Read More »Eye on Washington: ATM Deployers Slam Operation Choke Point; NRF Wants PCI Probe
A trade group of independent ATM deployers on Thursday issued a report blasting the federal government’s Operation Choke Point targeting high-risk merchants, and the nation’s leading retailer association called on the Federal Trade Commission to investigate the PCI Security Standards Council on antitrust grounds. While mostly affecting a few merchant …
Read More »Payments up Your Sleeve
Players from Apple to Bulgari to multiple startups are embedding payments into rings, watches, even clothing, and now Visa and MasterCard are building platforms to run the transactions. But getting the right fit might take a while. Consumers who own wearable technology feel a deep connection to their device. An …
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