Digital Transactions Authoritative, insightful and timely information for payments professionals
Why aren’t consumers all that excited about mobile payments? Maybe it’s because providers are focusing on payments when what consumers want is a lot broader than that. Call it an Integrated App. By René M. Pelegero Remember the days when we had to look at newspapers to find out which …
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FIS Heats up Faster Funds Trend with Its PayNet Real-Time Network
The nascent market for faster funds transfers, which has been on the boil all year, heated up further this week with Fidelity National Information Services Inc.’s announcement of its real-time PayNet network. The new system, which relies on FIS’s NYCE Payments Network LLC debit switch, is live with 200 FIS …
Read More »Tab for Global Payments Data Breach Could Total About $120 Million
Global Payments Inc. still expects it could spend about $120 million as a result of the data breach it reported in early March, but new information from the company gives a glimpse of just where that money is going. The big merchant processor, however, didn’t give any new details in …
Read More »For POS Push, PayPal Snags Big-Time Processors But Works to Woo ISOs As Well
The deals PayPal Inc. and Discover Financial Services disclosed last week with processors Vantiv Inc. and Global Payments Inc. are just the start of PayPal’s efforts to win acceptance at physical merchants. PayPal is also starting to woo independent sales organizations to help push its mark into potentially millions of …
Read More »The Gimlet Eye: Forget Same Day, How About Real Time?
It has become a cliché in this business to say that mobile changes everything. But in one respect, at least, it certainly does. With mobile apps, we’ve been conditioned to expect instant access to Web content served up in configurations that are most useful to us right now. A shopper, …
Read More »Trends & Tactics: Open-Loop Prepaid Gains Ground
Open-loop prepaid cards are slowly but steadily gaining market share and now account for nearly 40% of the market, but closed-loop prepaid cards, especially gift cards, remain highly popular with consumers. The 9th annual study of the prepaid card market by Mercator Advisory Group Inc., released in August, shows volumes …
Read More »Security Notes: Decoupling Credit And Dispute
Gideon Samid • Gideon@AGSgo.com We are so used to it that we no longer realize that there is no natural bond between a credit offering and a dispute resolution. If I get a $1,000 loan from my bank, and I use the money to buy a television set at Wal-Mart, …
Read More »Acquiring: Looking to Go Mainstream
Peter Lucas Flush with new investment, firms that lend to merchants against credit card receipts are more optimistic than ever. Now, they’re laying plans for fixed loans and advances against cash, checks, and alternative payments. It’s been a tough economic recovery for retailers. Not only is consumer spending mired in …
Read More »E-Commerce: Just What Does Card-Present Mean These Days?
Linda Punch New authentication tools and other technologies are dimming the once-bright line between card-present and card-not-present transactions. Will the card networks take note of that trend any time soon? In an era of mobile wallets, tap-and-go, and other alternative payments using devices other than traditional cards and card readers, …
Read More »Cover Story: The Great Debit Network Reshuffle
MasterCard is up, and Visa’s Interlink is down—way down—as the U.S. debit industry realigns six months after the Durbin routing rules took effect. Other PIN-debit networks? It’s a mixed bag. But this card game is far from finished. By Jim Daly Think of countless Westerns where the bad guys storm …
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