Friday , March 29, 2024

Search Results for: visa

With EMV’s Liability Shift in the Past, How Will Merchants React to First Statements?

By John Stewart Top executives in the acquiring business are accustomed to looking far into the future, but one near-term concern popped up repeatedly at this week’s Strategic Leadership conference in Scottsdale, Ariz.: How will merchants react when they get their first statements showing chargebacks for counterfeit card fraud? As …

Read More »

Gemalto Brings Its ‘Dynamic Code Verification’ To the Fight Against Card-Not-Present Fraud

With the coming of EMV chip card payments to the U.S. point of sale on Oct. 1, merchants, merchant acquirers and credit and debit card issuers are bracing for an expected boom in card-not-present (CNP) fraud. Countless processors, payment gateways and tech companies have announced products and services meant to …

Read More »

Merchant Acquirer TransFirst Takes Another Stab at an IPO

  Add TransFirst Holdings Inc. to the growing roster of payments companies turning to the publicly traded stock markets to raise cash. The big merchant acquirer late Friday announced it filed an S-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering of stock. The filing, …

Read More »

Blockchain Technology Enables Uphold To Offer Free Money-Exchange Services

  With a mission to offer as many free, or cheap, money-exchange services as possible, Uphold, a virtual funds and commodity platform, on Wednesday launched the first of a four-phase effort to expand its reach among consumers, merchants, charitable organizations and software developers. Uphold, the new name of Bitreserve, an …

Read More »

Universal Offers Standards, Digital IDs Needed To Drive Wider Mobile-Wallet Adoption

  Consumer confusion, lack of standards for offers, and splintered merchant acceptance continue to impede mobile-wallet adoption among consumers, but they are not expected to thwart the long-term prospects for the payments model, suggested panelists on Wednesday at the NFC Solutions Summit in Phoenix. Near-field communication (NFC) technology not only can …

Read More »

Tokenization’s Fast Rise Will Likely Attract Rivals for the Big Three Networks, Report Says

By John Stewart Just within the past year or so, tokenization has assumed a central role in digital payments, and in that business three major card networks are the dominant—indeed, only—players performing a crucial function known as the token service provider. But this new form of payment processing is moving …

Read More »

Moovweb Hopes Improving the Mobile Checkout Process Will Boost Payments Growth

Retailers’ increasing attention to making the checkout process a smooth and speedy one could potentially enhance the volume of mobile-commerce payments. One vendor trying to reform the checkout process is Moovweb, a San Francisco-based e-commerce platform provider. On Monday, it launched MoovCheckout, a service that helps retailers better manage their …

Read More »

EMV Transition Marks Progress in Cards And Transactions, Evokes New Products

With the Oct. 1 liability-shift milestone passed, payments companies are reviewing progress so far and introducing new products to take advantage of the migration to EMV chip card payments. First up is MasterCard Inc., which says that “tens of millions” of chip-enabled transactions are being made in the United States. …

Read More »

After the Big Liability Shift: What’s Next for EMV?

In the four years since Visa Inc. announced the EMV liability shift would be Oct. 1, 2015, merchants, issuers, processors, and other parties have expended huge efforts to prepare for this day. But the real work—converting millions more merchants, issuing millions more chip cards, and educating merchants and consumers—is in …

Read More »

Sam’s Club Only Partially Solves AmEx’s Costco Woes

Always conscious of keeping prices low, warehouse membership-club stores are tough customers for merchant acquirers and payments networks because they want to shave card-acceptance costs to the bone. So American Express Co., typically the most expensive card brand for merchants to accept, seemingly scored a coup when it announced that …

Read More »
Digital Transactions