Digital Transactions Authoritative, insightful and timely information for payments professionals
By Lauri Giesen Now that the Durbin rates are in place for debit cards, questions are swirling about debit’s growth prospects, the fate of PIN debit and of the small-ticket market, and the implications for prepaid cards. Imagine a world where banks try to get …
Read More »Search Results for: high risk merchants
After Revamping Its Process, PCI Council Unveils New Interest Groups
n n n n n n n n n Besides generating recommendations and advice applicable immediately, Russo expects the SIGs will develop insights that find their way into the next major update of the existing PCI version 2.0. Version 3.0 will be unveiled in late 2013 and take effect …
Read More »The 10 Most Pressing Issues in E-Payments
What with the Durbin Amendment taking effect and serious moves in mobile payments, many observers had the feeling that the pace of change in e-payments quickened in 2011. But along with faster change come more problems. Herewith some of the most salient. By Jim Daly and John Stewart …
Read More »Acquiring: That Problematic New Tax Law
BY Linda Punch New IRS reporting requirements for processors and merchants take effect soon. The extra work involved is one formidable obstacle for the acquiring business. Another one is the IRS itself. When Congress passed a new law requiring merchant acquirers to report merchants’ electronic-payment …
Read More »Security: Spam’s Merchant-Acquirer Chokepoint
By Peter Lucas Spam e-mail may be a constant irritant to consumers, but it’s big business for merchant acquirers willing to settle transactions resulting from those unsolicited ads. Can anything be done to stop it? Every day some unsuspecting consumer receives an unsolicited e-mail from …
Read More »E-Commerce: The Less Obvious Impacts of Durbin on Bill Payments
By Bill Kinnelly and Anthony James Most of the talk about the Durbin Amendment centers on debit interchange controls, but the sweeping measure must be considered in full and in relation to other costs. As we enter the Durbin Era of debit card processing, much …
Read More »Endpoint: Two Mistakes in the Mobile-Merchant Market
So far, mobile-acceptance products for merchants have been limited to cards. Meanwhile, entrants in this market from outside the payments business tend to be long on tech but short on security. Both factors spell trouble, says Bill Clark. The skyrocketing popularity of card-based mobile-payment solutions is certainly impressive, …
Read More »A NACHA Proposal, out for Comment, Calls for Networkwide Same-Day ACH
The automated clearing house network took a crucial step toward faster transaction movement last Friday when NACHA, the network’s governing body, distributed a request for comment on a proposal for same-day settlement. NACHA sent the 22-page document, which sets out a proposed system called Expedited Processing and Settlement (EPS), …
Read More »Retailers Should Brace for More Fraud After a Lull in Losses, Study Says
The good news: merchants’ total losses from fraudulent transactions are down. The bad news: losses are likely to rise. More bad news: fraudsters are taking a liking to alternative and mobile payments. Those are some of the key findings from the third annual “LexisNexis True Cost of Fraud” study …
Read More »Trends & Tactics
What Keeps ATM Execs up at Night? Complying with new Americans with Disabilities Act (ADA) requirements and fighting fraudsters who put skimmers on their machines rank high on the to-do lists of ATM managers. The findings come in a new report from Aite Group LLC …
Read More »