Digital Transactions Authoritative, insightful and timely information for payments professionals
New data from automated clearing house governing body NACHA reaffirm the continuing gains of electronic bill payment and the long-term decline in consumer check writing to pay bills. NACHA’s report for 2011’s fourth quarter says that transactions under the so-called WEB standard entry class code for Internet bill-payment debits grew …
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Discover Releases an EMV Plan That Echoes Key Deadlines from Visa, MasterCard
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Read More »Trends & Tactics
A Look at Durbin’s Early Impact Things went pretty much according to script in the first three months of Durbin Amendment debit card price controls. Debit market leader Visa Inc. got dented while MasterCard Inc. picked up speed. Visa chairman and chief executive Joseph Saunders predicted that the slowdown Visa’s …
Read More »E-Commerce: Where Cash Isn’t King—But Could Be a Prince
Historically, the payments industry has ignored the fact that not everyone who shops online has a credit or debit card. With a handful of startups providing cash processing for online transactions, that’s no longer the case. By Karen Epper Hoffman No matter how much credit and debit cards have come …
Read More »Visa to Launch New Acquirer Fee in April That Could Run up to Big Numbers
The bank card networks will introduce new fees for merchant acquirers in April, according to information obtained by Digital Transactions News. The most significant fee is Visa Inc.’s new Fixed Acquirer Network Fee (FANF), a key component of a revamped pricing strategy the No. 1 payment card network announced …
Read More »Now Taking EMV Cards at Some U.S. Stores, Wal-Mart Prods EFT Networks to Get in the Game
With both Visa Inc. and MasterCard Inc. now on the record with plans to encourage the adoption of EMV chip card and mobile payments in the U.S, it seems all but certain that the magnetic-stripe payment card’s days are numbered. In fact, Wal-Mart Stores Inc. already is seeing some EMV …
Read More »Visa Unveils Chip Services As Its U.S. EMV Card Base Crosses the 1 Million Threshold
Visa Inc. reported on Monday that its U.S. financial-institution clients have issued more than 1 million chip cards compliant with the EMV standard. The leading payment card network also introduced new EMV processing services so that issuers can reduce their own investments in chip technology. Just over 10 issuers now …
Read More »M-Commerce: Mobile Commerce’s Next Step
With m-commerce shifting into high gear, consumers are expecting a faster, user-friendlier checkout experience. Delivering that kind of experience won’t come from advances in handset hardware, but software. by Peter Lucas In the world of mobile commerce less is more, especially when it comes to checkout. Savvy merchants learned years …
Read More »Cover Story: Will Credit Cards Be Next?
Not content with restrictions on debit card interchange, merchants are now targeting bigger game. A set of major antitrust cases could be just the opening salvo—and a trial is set to start in September. By Linda Punch While the card networks and banks are still wrestling with the repercussions from …
Read More »Fiserv Slaps Rival FIS with a Lawsuit Alleging Infringement of Three Payments Patents
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