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News

September, 2015

  • 15 September

    With Its Relay API, Stripe Enlists in Effort to Drive up Conversion Rates in M-Commerce

    By John Stewart With conversion rates dismally low in mobile commerce, technology players have been working to streamline transactions with tools that let shoppers buy with as few clicks as possible and while staying within an app. Late Monday, online processor Stripe Inc. joined that effort with Relay, an application …

  • 15 September

    A New EMV Resource for the Dawn of October 2015

        The dawn of October 2015 is decidedly near; the clock rapidly ticking. As the fraud liability shift approaches, many merchants will be asking their POS solutions providers what plans they have in place to support EMV®. So now the question for VARs becomes: are you ready to handle …

  • 15 September

    With Macy’s on Board, PayPal’s Brick-And-Mortar POS Initiative Catches a Tailwind

    Leading online payments provider PayPal Holdings Inc. disclosed late Tuesday that the big department-store chain Macy’s Inc. would accept PayPal not only on its Web sites and on mobile devices but also in its stores. The announcement breathes new life into PayPal’s years-long effort to come to the physical point …

  • 14 September

    As the Liability Shift Rapidly Approaches, Free Can Be a Smart EMV Terminal Motivator

    With fewer than 300,000 merchant locations ready for EMV chip card transactions—according to Visa Inc.—efforts to get merchants to upgrade to the more fraud-resistant point-of-sale terminals take on greater importance. For example, iPad-based POS system maker ShopKeep.com Inc. last week began offering merchants a free contactless reader that also accepts …

  • 14 September

    Once a Power in M-Payments, Carriers Now Play a Lesser Role As New Wallets Emerge

    By John Stewart With Google Inc.’s Sept. 10 launch of Android Pay, competition in the mobile-payments market heated up to an even higher temperature. But in all the talk about tech companies, handset makers, and banks ushering in services like Android Pay, Apple Pay, and Samsung Electronics Co. Ltd.’s Samsung …

  • 10 September

    Better Late Than Never: Apple Pay Arrives Next Week for Discover Cardholders

    By Kevin Woodward Cardholders yearning to load their Discover Financial Services cards into Apple Pay have less than a week to wait. Discover announced Wednesday that its cards will work with Apple Inc.’s Apple Pay beginning Sept. 16, the same day Apple releases an updated version of its mobile operating …

  • 10 September

    Android Pay Arrives, Ready To Displace Old Google Wallet Memories

    Google Inc.’s latest foray into mobile payments made its way to the public Thursday when the technology giant announced the release of Android Pay. Available only on smart phones and tablets enabled for near-field communication (NFC) and using the KitKat4 or later operating system, Android Pay enables consumers to load …

  • 10 September

    AmEx’s Deal With Sam’s Club Will Only Partially Fill the Costco Hole

    American Express Co. soon will be accepted at Sam’s Club, the membership-club division of Wal-Mart Stores Inc. The new deal will open more than 650 warehouse stores with thousands of big-spending customers to AmEx, but it still will fall short of filling the big hole that the warehouse-club sector’s biggest …

  • 9 September

    As Traffic Heats up, the ACH Continues To Expand at 5%-Plus Rate

    By John Stewart Transactions on the automated clearing house network grew 5.4% in the second quarter, the second straight period of 5%-plus expansion for the 40-year-old system, which reaches virtually every financial institution in the country. That’s according to numbers reported by NACHA, the organization that regulates the ACH. The …

  • 9 September

    Marketing Strategies Can Help Lower Merchant-Acquisition Costs for ISOs

    How much does it cost to acquire a merchant? On average, $693. That’s the word from Adil Consulting, an Omaha, Neb.-based firm specializing in merchant acquiring. That figure, as an average, is highly influenced by a number of variables, Adil Moussa, principal, tells Digital Transactions News. Banks, for example, have …

Digital Transactions