Digital Transactions Authoritative, insightful and timely information for payments professionals
Despite all of the hype about mobile payments, consumer concerns about security, convenience and where they can use smart phones have yet to be addressed, finds a survey from The 451 Group. Of the more than 4,100 North American consumers polled in December, 84% cited security as the top …
February, 2015
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3 February
In the Race Against the EMV Deadline, Merchant Acceptance And Debit Lag
In the relentless push toward compliance with the Europay-MasterCard-Visa (EMV) smart card standard, two critical factors are lagging behind: merchant acceptance and EMV debit. That’s according to executives who spoke Tuesday at a conference in Salt Lake City, Utah, on EMV and mobile payments. U.S. issuers and merchants face an …
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2 February
Bitcoin Mining Company CoinTerra Files for Bankruptcy
CoinTerra Inc., an Austin, Texas-based Bitcoin mining and services company, filed for Chapter 7 liquidation late last month, just weeks after one of its key vendors filed a breach-of-contract lawsuit against CoinTerra seeking $5.4 million. CoinTerra’s bankruptcy petition filed Jan. 24 estimates the company’s creditors range in number from 222 …
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2 February
Mobile Now Controls More than One-Fourth of Online Transactions, Key Report Says
More evidence emerged in recent days to document the surging rise of mobile payments worldwide. For the first time, mobile transactions account for more than 25% of all global online traffic on the Adyen platform, the company said while releasing its quarterly Mobile Payments Index last week with statistics on the …
January, 2015
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30 January
No Argument Here: Younger Consumers More Likely To Use Mobile Wallets
Twice as many 18-to-34 years old consumers, 32%, are likely to use mobile wallets like Apple Pay or Google Wallet as those 35 and older (16%), according to a survey of more than 900 adults by Fair Isaac Corp. That divide is even more pronounced among respondents 50 years or …
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30 January
A New Card Aims to Combat Data Breaches with Unique Numbers for Each Transaction
Consumers are weary of dealing with the fallout from data breaches and want a better way to minimize their risk. The backers of Final, a new credit card with online-management tools that can set spending caps and produce virtual card numbers tied to specific merchants, hope to alleviate some of …
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30 January
Higher Transaction Volumes Help Boost MasterCard’s Quarterly Profit by 21%
Boosted by higher transaction volumes both in the United States and abroad, MasterCard Inc. on Friday reported a 21% increase, adjusted for foreign-currency effects, in net income for 2014’s fourth quarter. The No. 2 payment network posted an $801 million profit versus $684 million a year earlier on net revenues …
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29 January
Multiple Waves of Upgrades Keep ATM ISO Dolphin Debit Busy As Growth Sizzles
The expense of managing multiple upgrades to fleets of ATMs has small banks and credit unions turning to companies like Houston-based Dolphin Debit for help. Dolphin Debit, which manages more than 1,000 ATMs for more than 200 financial institutions and at several Murphy USA locations in 10 states, says its …
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29 January
As Apple Closes in on Samsung, the Rivals Get Set to Lock Horns in M-Payments
With Apple Inc.’s record results in the fourth quarter, the computer giant appears to be closing in on long-time rival Samsung for dominance in the crucial worldwide smart-phone market. Meanwhile, Samsung is working to catch up with Apple Pay, the highly publicized mobile-payments service Apple launched in October. For now, …
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29 January
Visa Chief Scharf Holds out Digital Payments As Olive Branch to Fee-Weary Retailers
In the wake of an important Supreme Court decision early last week, Visa Inc.’s chief executive Thursday afternoon sounded a conciliatory note on the company’s often fraught relations with merchants and touted Visa’s digital-payments initiatives as a way of bringing more value to retailers in return for the fees they …