Thursday , November 14, 2024

Search Results for: card data

Stockpile Prepares to Take Its Gift Cards—And Stock Ownership—To the Retail Rack

By John Stewart @DTPaymentNews Gift card marketers have dominated the holiday season and other gift-giving occasions in recent years, but now a card is coming to thousands of those checkout-lane racks that will let budding investors buy or give away shares of stock in a favorite company.

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As EMV Takes Hold, Chip-On-Chip Transactions Hit 46% of Payments at CardFlight

By Kevin Woodward@DTPaymentNews A vital measure of the U.S. payment card industry’s migration to EMV chip transactions is advancing smartly for mobile point-of-sale provider CardFlight Inc. New York-based CardFlight says 46% of the transactions processed via its gateway in June were made with chip cards using EMV readers. That’s an …

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Coveted Top-of-Wallet Status Goes to Issuers That Match Cards to Users’ Shopping Habits

By Kevin Woodward@DTPaymentNews In the quest to position their credit cards as the preferred payment method in mobile wallets, issuers may want to target consumers in the right demographic group who have preferences that match what the card offers, if the newly released “J.D. Power 2016 U.S. Credit Card Satisfaction Study” is …

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Debit Card Issuers Struggle With Higher Fraud on Both Signature and PIN Transactions

By Jim Daly@DTPaymentNews Partly because of a big increase in skimming, debit card fraud rates jumped in 2015 on both signature and PIN-based point-of-sale transactions, according to the 2016 Debit Issuer Study commissioned by Discover Financial Services’ Pulse electronic funds transfer network. The overall fraud-loss rate on PIN POS transactions …

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Costly Chargeback Queries Help Create a Market for Better Data on Statements

By John Stewart @DTPaymentNews Chargebacks cost issuers millions every year just to investigate, let alone process, so technology companies see an opportunity in reversing the rising tide of cardholder inquiries financial institutions and merchants confront every day. The latest example is a service from financial-data aggregator Yodlee that adds information …

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Funding Data Confirms It: In-Store Tech Is Exploding As the Point of Sale Modernizes

By John Stewart @DTPaymentNews It’s no secret the U.S. point of sale is undergoing perhaps the most extensive overhaul in its long and storied history, but now there’s evidence that a crowd of technology startups are sharing in the bounty that sweeping modernization is generating. Point-of-sale startups will likely reap …

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Retention of Small and Mid-Sized Merchants Continues To Vex First Data

By Jim Daly@DTPaymentNews Most of First Data Corp.’s cylinders fired on cue in the second quarter, but its U.S. small and mid-size business customers again proved to be drag on revenue growth. In response, the giant payment processor is holding off on merchant price increases and ramping up service, its top brass …

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MasterCard’s Banga Parries Queries About Staged-Wallet Fee in Wake of Visa-PayPal Deal

The shock waves generated by Visa Inc.’s new deal with PayPal Holdings Inc. reached MasterCard Inc. on Thursday, with chief executive Ajay Banga hailing the agreement while parrying questions from analysts about its possible effect on a fee MasterCard imposed in 2013 to deal with PayPal and other digital wallets that rely on …

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Apriva Completes First Data EMV Certification and other Digital Transactions News briefs

• Venmo, the peer-to-peer payment service from PayPal Holdings Inc., said all Venmo users now can use the service to make in-app purchases at participating merchants. Announced earlier this year, the in-app payment is available with 11 merchants. • Wireless transaction gateway Apriva said it has completed EMV certification for …

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Digital Transactions