Consumers who use their Samsung Pay mobile wallets to make a payment will be rewarded for their transactions with the debut this week of Samsung Rewards. Announced Monday, the program enables consumers to earn points for their Samsung Pay transactions, which can be redeemed for retailer gift cards, prepaid Samsung …
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Walmart Signs up To Accept Chase Pay in 2017, Online, In-Store, And In-App
By Kevin Woodward@DTPaymentNews Add Wal-Mart Stores Inc. to the list of merchants that will accept Chase Pay transactions. JPMorgan Chase & Co., backer of the nascent Chase Pay mobile wallet, says the massive retailer will begin accepting the bank’s payment service in more than 5,000 Walmart and Sam’s Club stores, …
Read More »10th annual: The 10 Most Pressing Issues in E-Payments
EMV after effects dominate our list of headaches this year. Still, from regulation to faster payments to interchange uncertainty, there are plenty of other issues to contend with. In the 10 years we have compiled our annual list of pressing issues facing the payments industry, no single theme has dominated …
Read More »Simple Yet Complex
While simple to merchants and consumers, the rapidly growing payment-facilitator model involves multiple considerations for developers and acquirers. Some of the best ideas in payments come around only once, but many, such as the payment-facilitator model, come around again when they better suit merchants and the payments industry. To put …
Read More »Assessing a Decade of PCI
Controversial from the start, the PCI Council faces a vastly changed security landscape from the one it confronted when it was born 10 years ago. Mobile payments, tokenization, and the growth of tech startups are new elements on the payments scene, but data breaches still abound, much as they did …
Read More »Why Semi-Integrated Solutions Are the Future of Payments
Tired of PCI and EMV hassles? Consider solutions that shrink PCI scope and simplify EMV certification, says Andrey Tikhonov. One year after the EMV liability shift in the U.S., many merchants are still debating whether to update their payment systems as they learn about EMV’s value and the consequences of …
Read More »Forecasters Predict the New 3-D Secure Will Be More Popular Than Its Predecessor
By Jim Daly@DTPaymentNews The new version of the 3-D Secure online-authentication technology is better for merchants and consumers and thus likely to get more adoption than the old version, according to security experts. EMVCo, the chip card standards body owned by the world’s six leading payment card networks, released 3-D …
Read More »The Budding Internet of Things May Present a $14 Billion Opportunity for Payments Firms
By Jim Daly@DTPaymentNews It’s in its infancy, but the Internet of Things, or IoT, will represent a $14 billion revenue opportunity globally by 2020 for payments firms smart enough to capitalize on it, according to research firm IDC Financial Insights. “That is a very conservative estimate,” James Wester, research director …
Read More »How Ready Are They?
Now that merchants have had their EMV D-Day, it’s the turn of ATM owners and petroleum marketers. The compliance picture isn’t pretty. Here’s why, and what ATM deployers, c-stores, and others can do about it. Another deadline for the great EMV migration has arrived. A year ago, U.S. merchants were …
Read More »The Ever-Growing Pressure to Find Red Flags
In the age of the payment facilitator, merchant-vetting practices are taking on an even bigger role. As the payment-facilitator model develops and finds favor among a new set of companies offering payments services to merchants, it shares one age-old element with traditional merchant services. That is the need to check …
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