Friday , November 22, 2024

Search Results for: common aid

Blackhawk Network Gives a Sneak Peak Into Its Inner Workings Ahead of Its IPO

International expansion and broader distribution in the United States are among the major initiatives on tap for gift card and prepaid card seller and program manager Blackhawk Network Holdings Inc. to grow its business, according a filing Blackhawk made this week in preparation for its planned initial public offering. Some …

Read More »

EFT Networks and Discover Strike a Deal That Could Resolve a Chip Card Controversy

  With help from Discover Financial Services, regional electronic funds transfer networks this week took a major step toward ending a dilemma over how merchants can route PIN-debit transactions made on chip cards through EFT networks and still meet the Durbin Amendment’s transaction-routing requirements. Previously, the main routes available for …

Read More »

Duffy Led Chase Paymentech Through Industry and Ownership Changes

Mike Duffy, president and chief executive of JPMorgan Chase & Co.’s Chase Paymentech merchant-acquiring subsidiary and one of the acquiring industry’s most prominent figures, died Thursday after a long illness. “It is difficult to put into words how much Mike will be missed,” said Gordon Smith, chief executive of Chase …

Read More »

Trends & Tactics: Fraudsters’ New Targets

E-commerce, better malware, and mobile devices are on the minds of fraudsters, according to Trustwave Holdings Inc.’s latest annual data-breach study. Chicago-based Trustwave, a leading data-forensics investigator and security vendor, based its report on 450 data breaches it investigated last year around the world. Hackers targeted payment card data in …

Read More »

Opinion & Analysis: Could NFC Payments Be DOA?

George Peabody From financial institutions to card networks to mobile carriers, a fixation on payments has dimmed the once-bright prospects for near-field communication technology. Wences Casares, founder of Bling Nation and Lemon.com, once said of near-field communication, “NFC is a great technology. But it was abducted by payments, and hasn’t …

Read More »

PCI Council Releases Mobile-Acceptance Guidance, But No Word on Certification of Apps

  The PCI Security Standards Council on Thursday released yet another set of data-protection guidelines for mobile payments, this one aimed at merchants using smart phones and tablet computers to accept credit and debit cards. Although it touches on many points, the guidance especially focuses on the software running on …

Read More »

Eye on M-Commerce: Amazon Coins a Digital Currency; Google Cites New ‘Forms of Payment’

  Amazon.com Inc. on Tuesday said it will jump into the digital-currency market with Amazon Coins, a payment product it will roll out in May on for its popular tablet, the Kindle Fire. Users of the device will be able to redeem the new currency on the Amazon Appstore, which …

Read More »

Acquiring: Far From the Tipping Point

Peter Lucas The card networks’ gambit to rapidly accelerate EMV terminal rollout by waiving PCI compliance reporting for merchants is falling short. Sometimes what looks to be a great deal is not all it’s cracked up to be. Offers by the payment card networks to accelerate the U.S. deployment of …

Read More »

NACHA’s Bill-Pay Council Puts the Finishing Touches on Its QR-Code Guidelines

Mobile bill payments took a step forward Thursday when automated clearing house network overseer NACHA reported that its Council for Electronic Billing and Payment (CEBP) had developed final guidelines for consumers to use Quick Response (QR) codes on bills to facilitate electronic payments. The guidelines are voluntary for billers, banks …

Read More »

New Assessment of Durbin’s Effects Warns Fixed Network Fees Could Crimp Competition

A sweeping review by the Federal Reserve Bank of Kansas City of the Durbin Amendment’s effects warns that competition could be harmed if more payment card networks adopt fixed-pricing plans as they compete for merchant business in the newly regulated debit card environment. The new report is the first of …

Read More »
Digital Transactions