Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart @DTPaymentNews Tech companies like Square Inc. made their reputations by rolling out simple card readers that linked to Apple Inc.’s
Read More »With No Audio Jack on Apple’s Latest iPhone, CardFlight Turns to Bluetooth
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The ETA Readies Underwriting Guidelines for Payment Facilitators
By Kevin Woodward@DTPaymentNews Not thoroughly knowing merchants and submerchants harbors peril for payment facilitators, and that’s one risk the Electronic Transactions Association hopes to alleviate. The ETA, a Washington-based trade group representing the merchant-acquiring industry, expects to release a set of underwriting guidelines for payment facilitators soon. According to Visa …
Read More »Quick Chip Or Not, Cayan Figures EMV Will Consume 116 Million Hours This Year
Consumers and merchants can count the seconds it takes to complete an EMV chip card transaction, and now payments provider Cayan LLC has quantified the total cost in hours: 116 million. That is Boston-based Cayan’s estimate of how much more time consumers will spend at the checkout completing EMV transactions …
Read More »Eye on Wallets: Limited Battery-Fire Impact; Masterpass Update; Wayfair Takes Apple Pay Online
By John Stewart @DTPaymentNews Mobile-payments services have plenty of issues with adoption and usage, but battery fires aren’t likely to be among them. While it’s true that a consumer can’t use a mobile wallet if he’s afraid his smart phone will ignite, payments experts say the problem that developed last …
Read More »Hayden: Consumers Can’t Look to the Government to ‘Save’ Them from Fraudsters
By Kevin Woodward@DTPaymentNews The payments industry’s efforts to protect sensitive cardholder data and transactions are moves in the right direction. They’ll have to be, because solutions to the epidemic of data breaches and online fraud are going to have to come from the private sector and from consumers’ own precautions. …
Read More »Routing Wars
How EMV is fueling a new merchant-network fight over which electronic highways debit card transactions will travel. War has broken out again between big retailers and the bank card networks. Earlier courtroom fights involved everything from honor-all-cards rules to interchange to merchants’ attempts to steer customers away from high-cost credit …
Read More »The Password Is Passé
The question is, how to replace it with something more secure? One promising avenue lies in a standard developed by tech companies that belong to the FIDO Alliance. Since the birth of the personal computer, consumers have held tight to the belief that user names and passwords are secure. Those …
Read More »Time to Get Past Passwords
Who among us hasn’t, at one time or another, sat in abject frustration as a Web site demanded a user name and password that we simply can’t recall. Most of the time, the information we’re trying to access isn’t crucial, so we can simply move on to something else. But …
Read More »CVS’s Rx for Mobile Wallets: Loyalty And Privacy
Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which in mid-August announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …
Read More »Stuck at a Toll Booth With No Cash Or Transponder? Now There’s an App for That
By John Stewart @DTPaymentNews For drivers passing through the Chicago area, there’s now an app that will handle payment on the 292-mile-long ribbon of toll roads snaking through 12 counties in Northern Illinois. FastToll, from a Las Vegas-based developer called Pragmistic LLC, arrives just ahead of the Labor Day weekend, …
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