Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart Top executives in the acquiring business are accustomed to looking far into the future, but one near-term concern popped up repeatedly at this week’s Strategic Leadership conference in Scottsdale, Ariz.: How will merchants react when they get their first statements showing chargebacks for counterfeit card fraud? As …
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With NFC Finally Getting a Foothold, More Uses Could Mean More Payments, Experts Say
Finding more ways to incorporate near-field communication (NFC) technology into everyday objects could eventually mean more payments. At least that’s the future as envisioned by panelists at the NFC Solutions Summit this week in Phoenix. Sponsored by the Smart Card Alliance, the conference examined ways NFC technology, which enables wireless …
Read More »Live Nation Whets Its POS Appetite With a Big Mobile and Fixed-Unit Deal from Appetize
Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …
Read More »EMV Transition Marks Progress in Cards And Transactions, Evokes New Products
With the Oct. 1 liability-shift milestone passed, payments companies are reviewing progress so far and introducing new products to take advantage of the migration to EMV chip card payments. First up is MasterCard Inc., which says that “tens of millions” of chip-enabled transactions are being made in the United States. …
Read More »The Big Bang It Ain’t
The EMV era in the U.S. officially started Oct. 1, and for the most part this is shaping up to be an underwhelming launch for chip cards. It’s morning in America for payment cards, the accession of the EMV chip card as the successor to the half-century-old magnetic-stripe card. The …
Read More »A Card Manufacturer’s EMV Windfall
Point-of-sale terminal makers such as VeriFone Systems Inc. and Ingenico Group are cashing in on the conversion of U.S. payment cards to the EMV chip card standard. On the other side of the card industry, the big plastic card manufacturer CPI Card Group Inc. also is enjoying a chip-induced windfall. …
Read More »Aggregation Forever
Even though mobile wallets appear to be the better bet, card consolidators Coin, Swyp, and Stratos are sticking to their plans. Thumbing through a wallet trying to find the right payment card or loyalty card to rack up points at the cash register is an age-old experience for many …
Read More »With a Choice, Will Samsung Smart-Phone Owners Choose Samsung Pay?
Samsung Electronics America Inc.’s launch today of Samsung Pay, a mobile-payments service exclusive to its smart phones, could pose a quandary for consumers over whether they should choose Samsung Pay or Android Pay, Google Inc.’s mobile-payment service that wireless operators are loading onto the Android phones they sell. Samsung …
Read More »Only 27% of Merchants Are EMV Ready, but a Surge May Be Coming
Expectations of easily getting merchants ready to accept EMV credit and debit cards appear to be misaligned with the reality of the terminalization program. That’s one finding from a survey released Thursday by The Strawhecker Group, an Omaha, Neb.-based payments consultancy. To accept EMV chip cards, merchants must have compatible …
Read More »Card Aggregator Stratos Enlists Eastern Bank in Test
Stratos Inc., developer of the Stratos card that consolidates multiple credit and debit cards into one device consumers carry in their wallets, says Boston-based Eastern Bank will test its partner program. Card aggregators, like Stratos, operate on the premise that U.S. consumers want an easier way to manage all of …
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