Digital Transactions Authoritative, insightful and timely information for payments professionals
Sixty-one percent of respondents to a recent ATM Industry Association survey said that 76% to 100% of the ATMs they operate will be ready for the Europay-MasterCard-Visa (EMV) chip card liability shift that takes effect in October 2016, the trade group of ATM independent sales organizations and retail ATM operators …
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In the Race Against the EMV Deadline, Merchant Acceptance And Debit Lag
In the relentless push toward compliance with the Europay-MasterCard-Visa (EMV) smart card standard, two critical factors are lagging behind: merchant acceptance and EMV debit. That’s according to executives who spoke Tuesday at a conference in Salt Lake City, Utah, on EMV and mobile payments. U.S. issuers and merchants face an …
Read More »Bitcoin Mining Company CoinTerra Files for Bankruptcy
CoinTerra Inc., an Austin, Texas-based Bitcoin mining and services company, filed for Chapter 7 liquidation late last month, just weeks after one of its key vendors filed a breach-of-contract lawsuit against CoinTerra seeking $5.4 million. CoinTerra’s bankruptcy petition filed Jan. 24 estimates the company’s creditors range in number from 222 …
Read More »Mobile Now Controls More than One-Fourth of Online Transactions, Key Report Says
More evidence emerged in recent days to document the surging rise of mobile payments worldwide. For the first time, mobile transactions account for more than 25% of all global online traffic on the Adyen platform, the company said while releasing its quarterly Mobile Payments Index last week with statistics on the …
Read More »Restaurateurs Order up Omnichannel
Many merchants speak of the gains to be made by fusing in-store with digital commerce. Now, quick-service and fast-casual restaurants are turning to a variety of hardware to make it happen. CKE Restaurants Inc., parent of the Hardee’s and Carl’s Jr. fast-food chains, and TGI Fridays Inc. are using Microsoft …
Read More »Five Tests for Innovation
Payments 3.0 One thing about the future of payments is assured: The flood of new payments-system ideas won’t slow. This is due to the convergence of four developments in the payments ecology: 1. Software-development technology that allows anyone to code a new payments system; 2. The ability of apps to …
Read More »A Contact Sport
Hoping for contactless chip cards? Not likely any time soon. The contact version of EMV is emerging as the clear issuer choice as October’s liability shift approaches. Here’s why. It’s show time for chip cards. With the payment card networks’ so-called liability shift now just eight months away, U.S. general-purpose …
Read More »Changes to PCI 3.0: Are You Ready?
By the end of this year, data security will get a good deal more complex and a lot more expensive. What’s the answer for beleaguered small merchants? There are plenty of articles out there detailing the changes to the newest version of the Payment Card Industry data-security standard (PCI-DSS) that …
Read More »A New Card Aims to Combat Data Breaches with Unique Numbers for Each Transaction
Consumers are weary of dealing with the fallout from data breaches and want a better way to minimize their risk. The backers of Final, a new credit card with online-management tools that can set spending caps and produce virtual card numbers tied to specific merchants, hope to alleviate some of …
Read More »As M-Commerce Increases, So Too Does Fraud, But Disproportionately: Study
As mobile commerce becomes ever more important to merchants, so too does the number of mobile payments made via apps and Web sites viewed on smart phones and tablets. Along with this growth, however, is a disproportionate increase in fraud as a percent of m-commerce revenue, finds the “2014 LexisNexis …
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