Digital Transactions Authoritative, insightful and timely information for payments professionals
Tablet computers, which have invaded restaurants and retail stores since the introduction of Apple Inc.’s iPad three years ago, have now begun to see action at sports stadiums. Alabama State University’s newly built stadium on Aug. 31 became the first such arena to use the iPad for concession sales, according …
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Researcher Predicts Almost 90% of U.S. POS Terminals Will Be EMV-Capable by 2017
Nearly 90% of U.S. point-of-sale terminals will be ready to accept Europay-MasterCard-Visa (EMV) chip cards by 2017, according to a new Aite Group LLC study. The report examines the reterminalization of card-acceptance locations triggered by the payment card networks’ plans announced in 2011 and 2012 to wean America off of …
Read More »How a Brewing Fee Controversy Could Threaten Growth of Prepaid Payroll Cards
A controversy over paying lower-wage workers with payroll cards could threaten the growth of one of the fastest-expanding prepaid card markets, observers say. A lawsuit filed by a former McDonald’s Corp. restaurant worker in Pennsylvania who was paid via payroll card has attracted attention from federal authorities and triggered an …
Read More »Networks: No PIN, No Problem
Karen Epper Hoffman PINless debit card transactions are gaining favor as online merchants latch onto this speedy payment alternative. But will PINless debit’s rise give debit networks much of a boost in the short term? Call it PINless debit version 2.0. The ability to make a payment with a debit …
Read More »Eye on the Law: FTC Rings ‘Fire Alarm’ with ISO Case; Supreme Court Okays Arbitration
A lawsuit brought earlier this month by the Federal Trade Commission against a telemarketer and its merchant processor should serve as a warning to independent sales organizations and other acquirers that they could be held responsible for their clients’ actions, according to a prominent payments attorney. “The FTC’s suit should …
Read More »Trends & Tactics
Why Is First Data Dissing PayPal POS? Discover Financial Services has recruited 50 merchant acquirers to bring acceptance of leading online payment system PayPal to more than 2 million physical merchant locations by year’s end. Still holding out, at least as late as late May, was No. 1 merchant processor …
Read More »Endpoint: Putting Mobile on the Menu
Selling small businesses on mobile payments is an exercise in frustration, but signs of a breakthrough are appearing where the benefits are most obvious—restaurants, says Rick Berry. There is a lingering perception among the smaller business owners that mobile is out of their reach, too expensive, and too complicated to …
Read More »Visa’s U.S. EMV Card Count More Than Doubles in Nine Months, Albeit from a Tiny Base
Europay-MasterCard-Visa (EMV) chip cards have entered the classic phase of huge percentage growth from a very small base, according to new U.S. figures from Visa Inc. The leading network this week reported that American financial institutions had issued 3.5 million Visa-branded EMV cards as of March 31, an increase of …
Read More »Eye on Acquiring: IP Commerce To Stop Processing; Passilla at Chase; Groupon And SumUp
IP Commerce Inc., a 9-year-old Denver-based company that provides platforms for independent software vendors (ISVs) and other payments developers, will discontinue its front-end payment-processing service effective June 30, according to a notice on the home page of the company’s Web site. The company began notifying clients earlier this month, …
Read More »LevelUp Sweetens a Merchant’s Loyalty Program And Adds NCR As a Point-of-Sale Partner
A plan to expand its footprint in mobile payments by offering white-label applications to merchants is quickly paying dividends for LevelUp, the mobile-payments unit of Boston-based SCVNGR Inc. Washington D.C.-based Sweetgreen, a 17-location chain of organic salad shops, has become the first LevelUp merchant to roll out a branded mobile-payment …
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