Digital Transactions Authoritative, insightful and timely information for payments professionals
Typically thought of as a mobile technology for physical merchants, NFC could soon be converting card-not-present transactions into card-present payments for e-commerce retailers. That prospect has important implications for processors and developers. By Bill Pittman Every e-commerce retailer would like to reduce its cost of payments, slash its fraud, and …
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New DoJ Interpretation Could Lead to State-by-State Online Betting, Despite UIGEA
A 5-year-old law that bans U.S. banks and processors from handling online-gambling transactions won’t stand in the way of a U.S. Justice Department opinion released last week that appears to put the federal government's imprimatur on intrastate online betting. The DoJ on Dec. 23 released a 13-page memorandum giving states …
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 »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 »Strategies: Small Banks, Big Imperative
Peter Lucas Keeping up with change in electronic payments is hard, but essential, work for community banks. Here’s how they’re doing it. Every time a huge bank—Bank of America Corp., JP Morgan Chase & Co., and Wells Fargo & Co., for example—makes a splash in payments, as …
Read More »Canada Puts Down Chip Card Roots
Canada seems to have found a workable formula for rolling out EMV technology. Can the U.S. learn from it? By Peter Lucas Payment card executives in the United States looking to follow a model for how to roll out EMV cards and terminals need look no …
Read More »Endpoint: Is Your Checkout Designed To Sell?
Take into consideration that, in today’s global e-marketplace, credit cards alone are no longer enough. Getting consumers to part with their money online these days requires careful thought about checkout-page design and payment options, says Paul Bridgewater. Paul Bridgewater is vice president of world payments for Digital …
Read More »MasterCard, Five Years After the IPO
Networks Linda Punch In 2006, the No. 2 card network went public, untethering itself from decades of bank ownership. Has it worked? What a difference an IPO can make. In the five years since it offered its stock to the public, MasterCard Inc., the world’s second-largest card …
Read More »Regulators Accept Visa Europe’s Promise of Big Debit Interchange Cuts
Ominous or joyous interchange news, depending on your perspective, just rolled in from Europe. The European Commission, the antitrust authority in European Union nations, on Dec. 8 accepted Visa Europe’s proposal to reduce debit card interchange by up to 60% in nine countries. The EC’s action, while having no legal …
Read More »Early Results Are Inconclusive for NACHA’s New IAT Code
The first statistics about the new automated clearing house code for international transactions are in, though it's too soon to draw conclusions about how popular the so-called IAT code will become. According to NACHA, governing body of the ACH, IAT had 303,802 transactions in September with a total value of …
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