Digital Transactions Authoritative, insightful and timely information for payments professionals
Discover can point to some major triumphs since it was launched by Sears a quarter-century ago, not least its success in taking on Visa and MasterCard. But a fast-changing payments landscape offers no assurance of future success. Discover’s plan: It pays to network. By Jim Daly …
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Components: Card Programs, with Benefits
By Karen Epper Hoffman Disbursing government benefits via prepaid cards has become an increasingly popular outlet for public agencies seeking operational efficiency and banks hoping to find new avenues to revenue and client retention. For the beneficiaries of government benefits, “getting carded” is arguably a …
Read More »Components: Gift Cards’ Virtual Reality
n By Jane Adler Retailers and consumers are shifting from plastic to virtual gift cards, drawn by instant availability and ease of distribution. Is the tangible gift card on its way out? With holiday sales in their sights, retailers are expanding their gift card offerings with …
Read More »Online Forecast: Credit Cards Will Surge As Debit Falls Victim to Regulation
n Online sales for the year will reach $309 billion, up 16% from $266 billion in 2010, according to the report. That volume will grow to $346 billion next year and $444 billion 2016, the report forecasts. General-purpose credit cards will capture 40% of online spending in 2011 and …
Read More »Merchants File Suit Accusing the Fed of Departing from the Law with Its Durbin Regs
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Read More »Google Folds Its Checkout Service into Google Wallet
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Read More »Xoom Launches a Mobile Site to Further Streamline Online Remittances
n While the mobile service just launched, early results have been “overwhelmingly positive,” says Julian King, Xoom’s senior vice president of marketing and corporate development. “Out customer base is delighted, but it’s super early.” The new service relies on technology from mobile-commerce vendor Usablenet Inc., New York. n The …
Read More »Mitek Snaps up Customers As Demand for Mobile Imaging Grows
Mobile-deposit and imaging software provider Mitek Systems Inc. said it doubled to 161 the number of financial-institution customers of its flagship Mobile Deposit product in its fourth fiscal 2011 quarter from 80 in the third quarter. The nation’s top five banks and seven of the top 10 now use or …
Read More »Star Agrees To Offer Online PIN Debit Service from CardinalCommerce
The Star EFT network, which has been working for several years on ways to enable cardholders to conduct PIN-debit transactions with online merchants, said on Thursday it will offer a service from CardinalCommerce Corp. that promises to allow issuers to choose how to authenticate users of PIN-debit cards in …
Read More »MasterCard Estimates Settlement of Big Interchange Cases Could Cost It $500 Million
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