Thursday , March 28, 2024

News

December, 2013

  • 10 December

    Digital Transactions News Puts Apple’s iBeacon to the Test, And Finds It Works As Advertised

    With 58% of U.S. consumers owning a smart phone, according to a report from the Pew Internet & American Life Project, it’s no wonder that retailers want some time and space on the small-screen mobile devices. Apple Inc., which according to the Pew report, has 25% of the smart- phone …

  • 10 December

    Report: Mobile’s Lightning Pace Reshapes Payments, Redefines Card-Present Transactions

    Because a consumer trying to make a purchase may use a credit or debit card, tap with a contactless card, or scan a bar code, merchants need to know about the range of payment options available to them. That’s why the Smart Card Alliance, a Princeton Junction, N.J.-based association, has …

  • 9 December

    Square Tries To Reinforce Its Hip Image With a Fourth-Generation Card Reader

    Square Inc. on Monday introduced the fourth generation of its now-famous payment card reader for mobile devices. The company has added new technology and made the device 45% thinner than its 22-month-old predecessor, two factors that may reinforce Square’s message that it is the cool merchant processor, different from all …

  • 5 December

    Pay And Walk-Away App Debuts To Let Physical Merchants Combat Showrooming

    A new smart-phone app hopes to give retailers an edge in capturing sales when consumers use their mobile devices in their stores. Dubbed SelfPay, the app enables consumers to pay for merchandise while standing in a store aisle and leave without stopping at a cash register. Developed by Digital Retail …

  • 5 December

    Mobile Makes Cyber Monday Gains Among U.S. Holiday Shoppers

    Consumers used smart phones or tablets to spend $962 million on holiday purchases across three key shopping days in the past week, further cementing the importance of these devices to retailers. n Adobe says 18.3% of online sales came from mobile devices on Cyber Monday, an 80% increase from last …

  • 5 December

    AmEx’s Third-Party Issuance Program Picks Up Speed With U.S. Bank And Wells on Board

    The recent announcement that U.S. Bancorp would issue American Express-branded credit cards brings yet another big domestic bank into American Express Co.’s network of third-party issuers under a strategy AmEx uses to build transaction volume. AmEx had 77 so-called Network Card License (NCL) arrangements with banks worldwide at the end …

  • 5 December

    Look Ma, No Card Reader: New App Captures Card Numbers for POS Transactions

    A new point-of-sale card-acceptance app expected to be available in early 2014 will use pattern-recognition technology to capture a payment card number, potentially speeding up an in-store transaction and eliminating the need for a card reader. n Cartwheel Register eschews a card reader that plugs into the audio jack in …

  • 5 December

    SimplyTapp, the Power Behind Google’s NFC Workaround, Aims at Mobile Banking

    Ever since Google Inc. stunned the payments business early last month with its mobile operating system update that skirts the secure element for near-field communication, all eyes have been on a tiny startup in Austin, Texas, called SimplyTapp Inc. The 2-year-old company, with six full-time employees, has kept busy answering questions …

  • 4 December

    Rising with Holiday Shopping, Chargebacks Are on the Naughty List for Most Merchants

    Chargebacks may not be lumps of coal, but many merchants may consider them as such this holiday season. n Chargebacks are the process by which cardholders contest charges they didn’t make or don’t recognize when they receive their statement. A chargeback filing typically requires a merchant to dig up supporting …

  • 3 December

    Digital Gift Cards Come Into Their Own As Holiday Promotions Spur Sales, ‘Self-Giving’

    Only a few years old, digital gift cards are soaring in popularity as U.S. consumers head into the heart of the holiday shopping season. Total loads on the products will reach $1.3 billion for November and December, a nearly four-fold increase from the same two-month stretch last year, according to …

Digital Transactions