Tuesday , November 26, 2024

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E-Commerce: The Growing Allure of Foreign Markets

Karen Epper Hoffman With strong brand appeal abroad, online merchants in the U.S. are pursuing overseas sales as never before. Two big hurdles are currency management and fraud risk. Tommy Bahama saw an opportunity abroad. Executives at the purveyor of island-oriented clothes and home décor knew that their brand would …

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Cover Story: What’s This FANF Thing All About?

Born of the transformed world wrought by Durbin, Visa’s new acquirer fee is either a rational response to changed economics or a diabolical exercise of raw power, depending on whom you ask. By John Stewart Bruce Reisman is an angry man. “I’m not a happy camper. I’m constantly looking for …

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Networks: Remote Capture Hits Its Stride

Peter Lucas With big banks like Chase and Citibank aggressively promoting remote deposit capture, consumer demand for the product is skyrocketing. As a result, more and more banks are using it as a tool to acquire and keep customers. It’s been a long time since banks have had a customer-acquisition …

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Having Started with Eateries, Revel Unveils an iPad POS System for Groceries

The rapid insinuation of tablets into the retail point of sale took another big turn this week when Revel Systems Inc., a San Francisco-based startup, unveiled an iPad-based POS system designed for supermarkets. The new system has already been adopted by Marty’s Markets, a Pittsburgh grocery store, and another half …

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JetPay, EMS Acquired by New Company Founded by Payments Veteran Bipin Shah

A new company run by electronic-payments veteran Bipin Shah announced on Monday it has agreed to buy two merchant processors and a payroll-processing company for a total of $179 million in cash and stock. The acquisitions are part of a strategy followed by Radnor, Pa.-based Universal Business Payment Solutions Acquisition …

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Mobile Payments Take a Big Jump in Popularity, Survey Finds

The subject of vast amounts of hype, mobile payments are in fact becoming reality for many consumers. New findings from IDC Financial Insights show that 33.9% of consumers have made purchase on a mobile phone, up from only 19.3% in a similar survey last year. Mobile payments will further penetrate …

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Acquiring: Who Will Be Ready for Chip Cards?

Karen Epper Hoffman The card networks have weighed in with their U.S. EMV policies, but doubts persist among acquirers about whether processors and merchants will be able to meet the networks’ deadlines.“Is EMV Finally, Actually, Really Here?” That was the name of one of the most popular education sessions hosted …

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Cover Story: Cybercrime Eyes Mobile

Hey, mobile-payments types: the fraudsters  are gunning for you. What are you doing to keep fraud at bay? So far, the known mobile-payments security lapses have proven to be more embarrassments than the truly damaging data breaches seen with more conventional payment methods. For example, Square Inc. initially passed out …

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Networks: Small Tickets, Big Pain

Lauri Giesen When the Durbin rate cap on debit took effect, it was supposed to give merchants a big break on acceptance costs. But sellers of items like soda and bus fares have seen their costs balloon, and that’s hurting emerging-payments markets. Lower costs are what most retailers should have …

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