Digital Transactions Authoritative, insightful and timely information for payments professionals
n n Competition from Square? No problem, according to VeriFone Systems Inc. chief executive Douglas G. Bergeron. n “We’ve had competitors for 30 years,” Bergeron said in response to an analyst’s inquiry about how he sees the competitive risk to VeriFone, the leading U.S.-based point-of-sale terminal maker, from Square Inc., …
Read More »Search Results for: digital payments
E-Commerce: Where Cash Isn’t King—But Could Be a Prince
Historically, the payments industry has ignored the fact that not everyone who shops online has a credit or debit card. With a handful of startups providing cash processing for online transactions, that’s no longer the case. By Karen Epper Hoffman No matter how much credit and debit cards have come …
Read More »Isis Announces Its First Issuers As It Readies for Two-City Pilot This Summer
In a move that could indicate a thaw in the long cold war between banks and wireless carriers in the mobile-payments business, the carrier-controlled Isis venture on Monday announced a trio of major banks are the first to sign on as issuers on its platform. Indeed, with the Isis wallet …
Read More »Square Tries To Hail a New York Cab Deal
Merchant processor Square Inc. is seeking a piece of the booming payment card business in New York City taxicabs, a market that is currently the exclusive domain of VeriFone Systems Inc. and another company that provide TV content and card acceptance to 13,237 cabs. San Francisco-based Square is proposing to …
Read More »In a Sneak Peek at Its Mobile Wallet, Isis Says Product Will Come with Preloaded Cash
The Isis mobile wallet, set for release in two U.S. cities this summer, will feature a prepaid card with cash already loaded and a capability to “follow” participating merchants to receive coupons and other offers. The broad outlines of how the wallet will work were disclosed on Wednesday as Isis …
Read More »Boku Invades Point of Sale with a Mobile Wallet Aimed at Wireless Carriers
With e-commerce kingpin PayPal Inc. having used mobile technology to move into processing for brick-and-mortar merchants, it was probably only a matter of time before others followed suit. The latest to join the parade is San Francisco-based mobile-payments provider Boku Inc., which on Thursday announced a platform that will let …
Read More »Isis Shooting for 1,000 Merchants in Each of Two Test Cities When Launch Starts in July
The Isis mobile-payments platform plans to go live at about 1,000 merchant locations in each of the two cities it has targeted for what it calls a “soft launch” this summer, according to officials with the company. While Isis will not identify the merchants it is talking to, it is …
Read More »Threat of Identity Theft Stalks Users of Social Media and Smart Phones
After bottoming out in 2010, identity fraud rose nearly 13% last year, according to new findings from Javelin Strategy & Research. Javelin’s findings also associate two hallmarks of the tech-oriented early 21st Century, social networks and smart phones, with a higher risk of identity fraud. Pleasanton, Calif.-based Javelin surveyed 5,022 …
Read More »Group Claims Consumers Don’t Expect Retailers to Pass on Durbin Savings
The war of words between the payments industry on the one side and retailers on the other side continued this week when a lobbying group backed by big banks and payment card networks released survey results claiming that only a tiny fraction of consumers believe retailers are passing on their …
Read More »Processor Execs Echo Merchant Sentiment in Favor of PINs for Chip Cards
Some of the nation’s biggest merchants have been adamant for months that they prefer EMV payments with PINs, not signatures, and on Thursday they were joined in that sentiment by a panel of representatives from some of the country’s largest processors. In the face of tepid support, at best, for …
Read More »