News

August, 2016

• 16 August

  With 30% of POS Terminals Still on Dial-Up, TNS Debuts Dial-Up Backup Service

  

  By Kevin Woodward@DTPaymentNews Acquirers that service merchants that still use dial-up point-of-sale terminals have a new option for connecting these no-longer-mainstream devices to processors with the launch of a new product from Transaction Network Services Inc. Announced Tuesday, the service from Reston, Va.-based TNS provides acquirers with one connection to …
• 15 August

  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 …
• 15 August

  Revel Systems Expands QuickBooks Service and other Digital Transactions News briefs

  • Mobile point-of-sale service provider Cardflight announced that processor BluePay Processing LLC is now offering the Cardflight SwipeSimple service to merchants. • Revel Systems, provider of iPad-based point-of-sale technology, and Intuit Inc. expanded an existing partnership to bring Intuit QuickBooks Point of Sale services to salon and grocery retailers. The …
• 15 August

  Intuit And Revel Systems Ride Their mPOS Partnership Into Salons And Grocery Stores

  

  By John Stewart @DTPaymentNews When Intuit Inc. launched QuickBooks Point of Sale with tablet-payments specialist Smoothie King Franchises Inc., a chain of 700 juice outlets, to install Revel tablets chainwide in what at the time was the largest such deal on record. Earlier this month, news emerged that IBM Corp. …
• 12 August

  EMV, Chargebacks, And Security Are Top Three Payments Challenges for Retailers

  

  By Kevin Woodward@DTPaymentNews No bones about it, adding EMV payment card acceptance to point-of-sale systems has been a challenge for retailers. Seventy-six percent of them, in the inaugural “State of Retail Payments 2016” study, said EMV implementation was their top challenge in the past 12 months. Other top challenges from …
• 12 August

  A New Report Fires an Opening Salvo in Effort to Bring Durbin Cap to Credit Card Fees

  

  By Kevin Woodward@DTPaymentNews The debate over the price merchants pay to accept credit cards may be about to intensify. A new report suggests that capping credit card interchange at 22 cents plus 30.5 basis points per transaction could cut $15 billion from the current total of $33 billion U.S. merchants …
• 12 August

  Next-Generation Payments Tech Evaluated and other Digital Transactions News briefs

  • A variety of financial-services firms, including MasterCard Inc., SWIFT, and Visa Inc., participated in a 130-page report released Friday by the World Economic Forum that concludes “distributed-ledger technology will form the foundation of next-generation financial services infrastructure in conjunction with other existing and emerging technologies.” • M&T Bank announced …
• 12 August

  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 …
• 11 August

  Visa Reminds Thunder Bay That It’s Still Around as Its Standoff With Wal-Mart Continues

  

  By Jim Daly@DTPaymentNews Visa Inc. and Wal-Mart Stores Inc. say there is no news in their standoff that began July 18 with Wal-Mart kicking Visa out of its three stores in Thunder Bay, Ontario. But Visa over the past several weeks has run a marketing campaign to remind residents of …
• 11 August

  A New Mobile Wallet from Pharmacy Giant CVS Shows Further Migration From MCX

  

  Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which on Thursday announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …