Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
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Top-Down Solutions Are Questioned at Fraud-Control Conference
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Read More »Wobbly Economy Notwithstandng, Discover Posts Strong Results
Newspapers, television, and the Web are full of bleak assessments about the U.S. economy, but you wouldn’t know that from the latest financial and operating results reported by Discover Financial Services, the credit card issuer and student-loan provider that’s also the fourth-largest general-purpose credit card network. Discover card sales …
Read More »Seeking to Boost Conversions, card.io Pushes Card-Scanning for Smart Phones
n The San Francisco-based company, which is aiming its product at developers, in June released an iOS version for Apple Inc. devices. It says the software is now active on 80 applications, with another 750 having registered but not yet gone live. “Getting such a wide variety of apps …
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 »Security: Why PINs Need Performance-Enhancing Technology
Linda Punch Increasingly sophisticated fraud schemes show that personal identification numbers are more vulnerable than once thought. Bring in the reinforcements. For the past 40 years, personal identification numbers have built an enviable reputation as a nearly inviolable security feature. They’re much more secure than …
Read More »Networks: From Tomorrow to Today
By Peter Lucas The ACH hasn’t had a substantial change to its settlement windows in years. With the Fed offering same-day clearing and NACHA starting a rule-making process, that’s changing. But is it changing fast enough? Same-day clearing and settlement of transactions through the automated …
Read More »Visa Tries To Juice EMV And Mobile Payments with New Initiatives
Leading payment card network Visa Inc. on Tuesday announced three initiatives to spur adoption of so-called EMV contact and contactless chip cards and near-field communication (NFC) mobile payments in the U.S. Observers hailed Visa’s action, but noted that a full move to EMV and NFC mobile payments in the U.S. …
Read More »Authorization, Processing Costs Drop, But Other Fees Climb for Acquirers, Study Shows
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Read More »Eschewing ‘Participation’ Fees, MasterCard Will Sweet-Talk Debit Issuers One by One
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