Digital Transactions Authoritative, insightful and timely information for payments professionals
A startup called Openbucks this week introduced a service that lets consumers use merchants’ gift cards to buy goods online from other merchants. The Redwood City, Calif.-based company, which has been working for five months with gift cards issued by the Subway sandwich-shop chain, claims its “gift card payment …
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Visa Hikes Prepaid Interchange But Chops Some Debit Rates
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Read More »U.S. Treasury Electronic-Benefit Campaign Gears up As Checks Dwindle
Nearly nine months after introducing a rule requiring recipients of Social Security and certain other benefits to switch from checks to electronic deposit, the U.S. Treasury Department says the number of check recipients has dipped below 9 million for the first time in decades. The agency is now in …
Read More »Consumers May Not See Much Durbin Benefit from Card-Not-Present Merchants
n Some 41% of card-not-present merchants responding to the survey at the Direct Response Forum’s annual conference earlier this month said they do not intend to pass on lower debit card costs to consumers, according to results announced on Thursday by the DRF. Fully 56% said they don’t know …
Read More »The Gimlet Eye: Speeding up the ACH
Last month marked the one-year anniversary of a service from the Federal Reserve that allows certain debits processed through the automated clearing house network to be settled the same day they’re initiated, instead of the next day. Introduced Aug. 2, 2010, the Fed service brings the concept of immediate …
Read More »Security Notes: Confessions of a Security Consultant
Gideon Samid • Gideon@AGSgo.com “How many false positives will you tolerate to stop a single hacker from scoring a successful hit?” This is a question I have learned to ask our clients. They squirm in their chair, coming up with all sorts of excuses not …
Read More »Acquiring: Turf Wars?
Jim Daly Merchant acquirers are keeping a watchful eye on the bank card networks as the publicly held companies seemingly move onto turf acquirers regard as their own. Are acquirers’ fears about network ambitions justified? Moving transactions from merchant locations to cardholder accounts and back …
Read More »Tablet Computers Deliver a Bigger Bang Than Smart Phones for the M-Commerce Buck
As manufacturers scramble to develop tablet computers to challenge Apple Inc.’s dominant iPad, findings from an electronic-commerce services firm suggest payments companies looking for new transaction volume through mobile devices would be smart to do everything they can to encourage consumers to buy things on the iPad and its …
Read More »Diebold Looks To Take ATM Management to the Cloud
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Read More »With an Added 50 Cents Per Share, ACI Ups the Ante in Its Bid for Control of S1
ACI Worldwide Inc. on Thursday sweetened its offer for rival payments-software vendor S1 Corp. Facing stiff resistance from S1’s management, ACI added 50 cents a share to the cash portion of its bid, increasing it from the $5.70 it first offered July 26 to $6.20. It is also offering about …
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