Digital Transactions Authoritative, insightful and timely information for payments professionals
If a recently released annual survey is any indication, small merchants remain unconvinced they are vulnerable to data breaches, pay far too little attention to security, and regard PCI simply as a cost item. “We still see drastic deficiencies in the number of merchants who think they’re at risk,” says …
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Security Notes: Health Care: The Next Challenge
Gideon Samid • Gideon@BitMint.com Whether you like Oba- macare or you want it repealed, you must agree that health-care payments are a major issue in need of fixing. One-seventh of the U.S. economy is stuck with choking complexity, only highlighted by the pathetic collapse of the Obamacare Web site that, …
Read More »Acquiring: The Baby And the Bath Water
Linda Punch The Federal Trade Commission wants to outright ban four payment methods used by legitimate telemarketers and fraudsters alike. That would shut off a significant source of transactions for at least some merchant processors. Alternative payment methods such as remotely created checks have become increasingly popular over the past …
Read More »E-Commerce: Amazon Muscles up in Payments
Elizabeth Whalen The online retailing giant has been processing payments for other merchants for years, and has quietly amassed more than 200 million user accounts. Now it’s offering even slicker, faster payment services. Retail giant Amazon.com is no stranger to accepting consumer payments on its own and other Web sites, …
Read More »Security: Changing the ‘Checkbox’ Mindset
Jim Daly With PCI 3.0, the PCI Council hopes merchants will come to regard data security as “business as usual” rather than just an annoying annual ritual. Here are just a few of the things you’ll find in the new Version 3.0 of the Payment Card Industry data-security standard (PCI): …
Read More »A Wendy’s Operator Looks To Speed Up Crucial Drive-Through Sales With Toll Tags
So far, the passes have chopped an average of 15 seconds off drive-up service times for the close to 600 customers who have registered their devices for the program. “That’s huge for us,” Stephen Baclini, president of Rawson Food Service, which operates six Wendy’s stores on the island, tells Digital …
Read More »New AnywhereCommerce Card Reader is Smaller and Cheaper than Its Predecessor
AnywhereCommerce, a Montreal-based engineering firm, has released an updated version of its Nomad wireless chip-card reader that is smaller and less expensive than the inaugural version of the device, the company announced Tuesday. Nomad 2.0 uses Bluetooth wireless technology to connect with mobile devices operating on Google Inc.’s Android, Apple …
Read More »Senate Hearing Recognizes Bitcoin’s Strengthening Toehold in Electronic Payments
Might the Bitcoin digital currency be heading toward legitimacy among skeptical regulators and law-enforcement officials? Testimony at a U.S. Senate committee hearing Monday indicated that government may be ready to make peace with Bitcoin and, by extension, other new digital forms of payment, though if and when these new systems …
Read More »Isis Launches Nationwide in Face of Questions About Merchant And Consumer Adoption
Consumers with compatible smart phones now can load the Isis mobile wallet onto their devices and pay with a tap anywhere contactless payments are accepted in the United States. Isis is a payment scheme backed by wireless carriers AT&T Mobility, Verizon Wireless and T-Mobile USA. The smart-phone wallet, which …
Read More »The PCI Council Unveils Its ‘User-Friendly’ Version 3.0 of the PCI Security Rules
Better management of passwords and prevention of point-of-sale terminal tampering are just two features of the new Version 3.0 of the Payment Card Industry data-security standard that the PCI Security Standards Council unveiled Thursday. On its surface, Version 3.0 looks much the same as the previous edition, 2.0, which the …
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