Digital Transactions Authoritative, insightful and timely information for payments professionals
As it rolls out its service in Austin, Texas, and Salt Lake City, the Isis mobile-payments venture is teaming up with independent sales organizations and merchant processors to sign up merchants to accept its mobile wallet. One of those ISOs, Phoenix-based MobiSquad, currently has about 350 merchants in the launch …
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An Expansion-Minded EVO Buys PowerPay And Looks to Europe With its Deutsche Bank Deal
It’s been a tad busy at EVO Payments International over the past week. On Thursday, the big independent sales organization disclosed it had bought another ISO, Portland, Maine-based PowerPay. On Nov. 29, EVO announced a deal with Deutsche Bank AG, Germany’s biggest bank by assets, under which it will buy …
Read More »By Taking a Pass on NFC, Apple Punches a Hole in a Key NFC Forecast
When Apple Inc. this fall launched its latest smart phone, the iPhone 5, without a near-field communication (NFC) chipset, the move was widely seen as a blow to the prospects for NFC as a technology for mobile payments. Now comes a report estimating just how damaging that blow could be. …
Read More »To Reap Mobile Harvest, Online Sellers Must Optimize for Mobile, Braintree Exec Says
If the start of the holiday-shopping season this year has demonstrated anything, it is the new prominence of mobile in the mix of payments. But for all the talk among online merchants about mobile payments, not all will benefit equally from the trend, according to Bill Ready, chief executive of …
Read More »The Gimlet Eye: How To Cut Interchange at the Stroke of a Pen
Merchants and their various industry trade groups have spent quite a lot of time—not to mention money—on lobbying for regulations to control interchange costs. And not without success. In 2010, they got Congress to add the Durbin Amendment, which caps debit interchange for the biggest issuers, to the massive Dodd-Frank …
Read More »Trends & Tactics: Level 4s And PCI: It Ain’t Happening
If there’s a weak link in the chain of card-data security, it’s small merchants. Many of them represent easy targets for hackers and other data thieves. Worse, the businesses themselves don’t see themselves as vulnerable, and far too many remain unaware of security protocols like the Payment Card Industry data-security …
Read More »Acquiring: Stumbling Blocks on the Migration Path
Jane Adler With an April deadline looming, industry observers’ doubts are growing that merchant processors will be ready to handle EMV transactions. Nothing inspires like a deadline. Just ask the merchant acquirers and processors that face a quickly approaching April deadline to be ready to process EMV or chip card …
Read More »E-Commerce: Minting New Ideas for Virtual Cash
Jim Daly The Royal Canadian Mint held a first-of-its-kind competition this year to spawn ideas for virtual cash. Could some of these ideas solve the problem of the high cost of low-value electronic payments? From Silicon Valley to India, almost the entire world is bubbling with new ideas for electronic …
Read More »Cover Story: Private Equity’s Prize Wheel
Loyalty systems, rapidly adaptable mobile and e-commerce technology, and data-security applications are attracting lots of venture capital. Here’s a look into the minds of investors. Hint: They’re not too keen on NFC. Peter Lucas If you want to know what the next hot new company in the payments industry will …
Read More »Apriva Extends Agreement With Visa To Offer Discounted Vending-Machine Pricing
Fewer than two months after a competitor announced a similar deal, wireless payments provider Apriva Inc. this week reported that it would continue offering pre-Durbin Amendment discounted acceptance pricing on Visa cards to vending-machine operators. Debit card interchange in late 2011 became a major concern for vending-machine operators and other …
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