Friday , November 15, 2024

Search Results for: visa direct

Banks’ Online and Mobile-Based Payment Services Still Have Long Growth Runways, Study Finds

By Jim Daly@DTPaymentNews Web- and mobile-based banking and payment services still have large room for growth, although online bill payment seems to have hit an adoption ceiling, according to a new survey of banks’ usage of software-based services for consumers. Chicago-based investment firm First Analysis Securities Corp. interviewed executives from …

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Eye on Security: Malware Planted in HEI Hotels and Micros POS Systems

By Jim Daly@DTPaymentNews HEI Hotels & Resorts disclosed Friday that malware on point-of-sale systems may have captured payment card information at restaurants and other locations within 20 of its properties. At the same time, the payments industry is watching for clues about the extent of a compromise at Oracle Corp.’s …

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As Merchants Struggle With EMV, Their Chargeback Toll Will Hit $5.8 Billion in 2016

By John Stewart@DTPaymentNews The U.S. EMV transition that began in earnest last October has brought with it a lot of pain, but few issues have been more agonizing for merchants than the flood of chargebacks they’re seeing for the first time. Now estimates are emerging that begin to quantify that …

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Costly Chargeback Queries Help Create a Market for Better Data on Statements

By John Stewart @DTPaymentNews Chargebacks cost issuers millions every year just to investigate, let alone process, so technology companies see an opportunity in reversing the rising tide of cardholder inquiries financial institutions and merchants confront every day. The latest example is a service from financial-data aggregator Yodlee that adds information …

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Quick Chip Could Benefit NFC, But Will That Mean More Mobile-Wallet Usage?

By John Stewart @DTPaymentNews When Visa Inc. and MasterCard Inc. demonstrated their merchant frustration with lengthy certification logjams. The Quick Chip and M/Chip Fast code is available at no cost, and American Express Co. and Discover Financial Services are also offering variants of it. How many merchants will adopt the …

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A Small-Merchant Security Program Makes Progress, But Not Without Some Grumbling

By John Stewart @DTPaymentNews A relatively new program geared at shoring up data security at small merchants is making progress toward a crucial January deadline, but not without some full-throated grumbling, if comments and questions at an industry trade show this week in Grapevine, Texas, were any indication. The program, …

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Meta Financial Doubles Financial Metric and other Digital Transactions News briefs

• Processor Vantiv Inc. launched the One Network Experience service for software developers. Dubbed O.N.E., the service offers a suite of integration tools, personalized help, and access to an online developer community. • Meta Financial Group Inc. said Meta Payment Systems, a division of MetaBank, a major prepaid card issuer, …

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Contactless Transit Payments Could Bloom Globally With Cubic’s TfL Licensing Deal

A little bit of London may find its way into the hands of U.S. transit riders. Cubic Transportation Systems, a unit of Cubic Corp., will license contactless ticketing technology developed by Transport for London, the U.K. capital’s transit agency, for use with similar agencies around the world. TfL’s technology enables transit …

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Digital Transactions