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Digital Transactions May 2012
FEATURED NEWS
Errors Plaguing Online Bill-Payment ‘Sausage Factory’ Total $720 Million in Costs
May. 14, 2012 Those missing account numbers or little typos consumers make when paying bills can cost billers and others in the payments chain big bucks to fix. A recent study for automated clearing house governing body NACHA pegs the annual cost of such except...
May. 14, 2012 Those missing account numbers or little typos consumers make when paying bills can cost billers and others in the payments chain big bucks to fix. A recent study for automated clearing house governing body NACHA pegs the annual cost of such except...
Late to the Wallet Wars, MasterCard Unveils a Service It Touts As Open, Flexible
May. 8, 2012 Nearly a year after major U.S. rivals introduced mobile wallets, MasterCard Inc. officially entered the market on Monday with a service that aims to trump competing products by being open to a wide range of payment brands and by offering tools tha...
May. 8, 2012 Nearly a year after major U.S. rivals introduced mobile wallets, MasterCard Inc. officially entered the market on Monday with a service that aims to trump competing products by being open to a wide range of payment brands and by offering tools tha...
Visa Doubles Floor Limit for Credit And Debit at Grocery, Discount Stores
May. 7, 2012 Visa Inc. in October will double the current $25 purchase limit in its Visa Easy Payment Service to $50 under which no signature or PIN entry will be required for credit and debit card transactions at grocery and discount stores. The network als...
May. 7, 2012 Visa Inc. in October will double the current $25 purchase limit in its Visa Easy Payment Service to $50 under which no signature or PIN entry will be required for credit and debit card transactions at grocery and discount stores. The network als...
Big-Box Retailers Like Wal-Mart Remain Wary of Network EMV Plans
May. 6, 2012 There’s no federal edict to replace fraud-prone magnetic-stripe credit and debit cards with the more secure EMV chip card, but the payment card networks have unveiled various plans in the past year to encourage U.S card issuers, merchant acquire...
May. 6, 2012 There’s no federal edict to replace fraud-prone magnetic-stripe credit and debit cards with the more secure EMV chip card, but the payment card networks have unveiled various plans in the past year to encourage U.S card issuers, merchant acquire...
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