With the rise of the independent software vendor, do traditional independent sales organizations still have a role to play—and if they do, what is it? That question may have been unthinkable a few years ago, but now some observers see ISVs shoving ISOs aside as they code new applications for …
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Operation Choke Point Officially Is Dead, but an ATM Trade Group Believes Its Ghost Lingers
It was just over a month ago that a ranking U.S. Department of Justice official told Congress that Operation Choke Point had ended. But the ATM Industry Association on Wednesday said it is distributing materials to its members to help them deal with the “lingering impact” of the controversial program. …
Read More »Square Invests $25 Million in Eventbrite; Adds Apple Pay E-Commerce Integration
Merchant processor Square Inc. will provide payment services to Eventbrite Inc., which provides a platform for ticket sales, and will invest $25 million in the company, Square announced Thursday. Earlier, Square said it will make Apple Inc.’s Apple Pay service available to merchants using its Square Checkout online service. Square said …
Read More »Sonic Drive-In Confirms Payment Breach of an Unknown Number of Cards
Add Sonic Drive-In to the roster of merchants that have experienced a breach of their payments systems. The Oklahoma City-based fast-food chain confirmed to Digital Transaction News that it has been investigating the incident. On Tuesday, security blog KrebsOnSecurity.com reported the breach affecting an unknown number of Sonic’s point-of-sale systems. …
Read More »Adding value to acquiring bank portfolios with managed PCI compliance and Security Services
Sysnet CEO, Gabriel Moynagh, explains how replacing revenue from PCI DSS penalties for non-compliance with a managed service offering is the opportunity acquirers have been waiting for in improving customer relationships and boosting merchant security. The worldwide Payment Card Industry Data Security Standard (PCI DSS) was set up to help …
Read More »In Its Latest U.S. Gambit, Klarna Helps TaylorMade Sell More Golf Clubs
You’ve heard of subscriptions for magazines and concert tickets. Now the subscription model is coming to golf clubs. TaylorMade Golf Co. on Monday said an online purchasing and financing program it started in April has generated a 30% increase in conversions and a 5% jump in average order value. The …
Read More »GasBuddy’s New Payment Service Discounts Gasoline Prices
Consumer affinity for the cheapest gas prices birthed smart-phone app GasBuddy, and now the app has sired a way for consumers to actually make the payment at fill up. Boston-based GasBuddy recently announced its Pay with GasBuddy service, which connects a consumer’s checking account with a GasBuddy-issued card. After enrolling …
Read More »COMMENTARY: Debunking Six Mythical Barriers Along the Path to Contactless Cards
The foundational technology for contactless credit cards has existed for some time, but we haven’t seen them adopted en masse yet, at least not Stateside. Much of that reluctance has to do with perceived obstacles or assumptions—perceptions that may or may not be entirely accurate. Following are objective responses to …
Read More »Checks Still Have Life in Them, But Do Banks Hold the Key to Killing Them off?
For years, experts have predicted electronic payments would finally turn the check into an historical artifact. But data released last year indicate that the long-term decline in check volume has slowed, and now experts are trying to figure out why and what the ultimate check-killer will be. When the Federal …
Read More »Apple’s Big Job: Getting iPhone Users Comfortable With Facial Biometrics
A large portion of Apple Inc.’s customers spurn facial biometrics, a key security element in Apple’s new iPhone X, according to new research. Survey results from United Kingdom-based Juniper Research say that more than 40% of users of Apple’s mobile devices in the U.S. consider themselves unlikely to use facial …
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