Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart Just 45 days to go until the Oct. 1 deadline for EMV in the United States, and among the issues over which merchants are still wrangling with banks is whether EMV chip cards should be universally issued with PINs—credit cards as well as debit. Merchant groups have …
August, 2015
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14 August
Instant Deposit Could Be a Hit With Sellers, But How Long Before Copycats Arrive?
By John Stewart A new service from Square Inc. that accelerates merchants’ access to their funds in return for a 1% fee is likely to gain popularity among the small sellers that primarily use Square for transaction processing, according to some observers. That may hand Square a key advantage in …
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14 August
With Certification Final, the DNA Offers Its Common AID for EMV Debit
By Kevin Woodward Financial institutions that are facing the U.S. conversion to EMV chip cards but have no global card brands on all or a portion of their debit card portfolios now have an option that helps them meet regulatory requirements. The Debit Network Alliance LLC, which is owned by …
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13 August
Does a ‘Shimmer’ on a Mexican ATM Portend a Fraud Threat to U.S. EMV Chip Cards?
A variant of a skimming device called a “shimmer,” which steals EMV chip card data, has been found on an ATM in Mexico, raising security questions as the United States converts to the EMV standard. The shimmer incident was first disclosed Tuesday by security reporter Brian Krebs of the KrebsOnSecurity …
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13 August
With Global Potential Rising for Carrier Billing, Boku Acquires mobileview Italia
By Kevin Woodward San Francisco-based carrier-billing specialist Boku Inc. has bought mobile-payments provider mobileview Italia, Boku announced Thursday. The deal means Boku will provide carrier billing to more than 87 million mobile-carrier subscribers in Italy. Globally, Boku says its service, which enables consumers to make digital purchases using their wireless …
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13 August
Samsung Pay Sets U.S. Debut for Sept. 28, With a One-Month Trial Starting Aug. 25
Samsung Electronics Co. Ltd. says its Samsung Pay mobile-payment service, which uses near-field communication and a radio-frequency version of magnetic-stripe data, will debut Sept. 28 in the United States. Some consumers with some Samsung smart-phone and tablet models will be able to participate in a test set to begin Aug. …
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13 August
Infinite Peripherals Rides the mPOS Wave With Add-on Devices for Larger Retailers
By John Stewart At Infinite Peripherals Inc., there’s nothing peripheral about the mobile point of sale. The Elk Grove Village, Ill.-based company, whose stock in trade is not the mobile device but just about anything that can be connected to it, is growing rapidly in tandem with the soaring popularity …
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12 August
XpressBuy’s E-Commerce Deal Expands In-the-Moment Buy-Button Availability
XpressBuy Inc., developer of a buy button that can be used on the Web, in social networks, apps, and emails, says four of the largest e-commerce platforms have integrated its technology into their systems. Retailers using Demandware Inc., IBM Corp.’s WebSphere Commerce, Shopify Inc., and eBay Inc.’s Magento now can …
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11 August
Checkout Startup SelfPay Eyes Expansion With Outside Funding Injection
By Kevin Woodward With more $1 million (Canadian) in new funding, self-checkout app SelfPay looks to expand its reach within retail stores. Toronto-based Digital Retail Apps says the funding, which is approximately $764,402 in U.S. currency, also will be used to secure more patents. Dallas-based Texas Ventures led the funding, …
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11 August
COMMENTARY: A Five-Point Checklist for Merchants Trying To Beat the EMV Clock
Credit card fraud in the United States is at epidemic levels. Last year, the U.S. accounted for more fraud than the rest of the world combined. And the fraud rates are accelerating. EMV technology, which has shown to greatly reduce in-store fraud in Europe, is finally being rolled out in the …