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Search Results for: american express

Eye on Earnings: Green Dot’s Wal-Mart ‘Challenges;’ Debit to Slow for MasterCard

The good news for prepaid card program manager Green Dot Corp. in the fourth quarter: purchase volumes, revenues, and active cards all increased. The bad news: American Express Co.’s new Bluebird prepaid card now being sold at Wal-Mart Stores Inc.’s U.S. stores is taking some business from Green Dot’s own …

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In an Open Letter, Debit Networks Reject MasterCard’s EMV-Durbin Solution

  It took less than two weeks for the Secure Remote Payment Council (SRPc), a consortium of U.S. electronic funds transfer networks, to reject MasterCard Inc.’s offer for EFT networks to use its proprietary Maestro application identifier (AID) to allow processors to route EMV debit transactions according to network choices …

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Forecasters Predict Credit Card Surcharges Will Find Few Takers Come Jan. 27

The surcharging provisions of the credit card interchange settlement announced last July will take effect on Sunday, but observers expect few merchants will take advantage of their new-found freedom to add a surcharge to Visa and MasterCard credit card sales. “I know of nobody” who plans to surcharge, says Mitch …

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Will Apple Press Forward Or Take a Pass on Passbook Payments?

n Passbook? The topic of Apple Inc.’s loyalty application didn’t come up Wednesday afternoon when the leading Silicon Valley tech company’s top brass discussed their latest quarterly results, which stock analysts found disappointing. But some smart-phone industry observers see evidence that Apple is laying the groundwork for a full-fledged mobile-payments …

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Green Dot’s New Mobile App Could Crack a Few Bluebird Eggs

Prepaid card program manager Green Dot Corp. launched its GoBank mobile-banking application Tuesday. The app gives struggling Green Dot a powerful weapon to fight competitors for underbanked consumers or those simply dissatisfied with mainstream banks, including American Express Co., issuer of the new, low-fee Bluebird prepaid card account for customers …

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Endpoint: You Don’t Have To Be Big To Use Big Data

For even small businesses, a potential gold mine in customer information lies buried in the payments data that routinely flow in every day, says Rick Berry. Your customers may be shopping nearby or running errands in the vicinity, but when they suddenly receive your coupon or offer, they impulsively purchase …

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The Digital Transactions News Top 10 Stories of 2012

As we prepare to close out 2012, we thought we’d look back at the year’s major developments and pinpoint the ones that generated our biggest news stories. Here’s our list, arranged chronologically. Not surprisingly, given the events of the year in electronic payments, the list is dominated by mobile-payments and …

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The FDIC Urges Banks To Ride Herd on Their Mobile-Payments Partners

Mobile payments are the all the rage in the banking, retailing, and software industries, but the Federal Deposit Insurance Corp. is cautioning banks to keep a short leash on their mobile-payments vendors. The FDIC also warned in a recent report that banks’ role in mobile payments could be reduced as …

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Mitek Lands U.S. Bank As a Client for Its New Mobile-Imaging Bill-Pay Technology

Mitek Systems Inc., the leading developer of software for mobile remote deposit capture, announced on Wednesday that U.S. Bank will offer its new Mobile Photo Bill Pay product to its customers in 2013. The news is a breakthrough for Mitek in taking its key mobile-imaging technology beyond its original deposit …

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Trends & Tactics: Level 4s And PCI: It Ain’t Happening

If there’s a weak link in the chain of card-data security, it’s small merchants. Many of them represent easy targets for hackers and other data thieves. Worse, the businesses themselves don’t see themselves as vulnerable, and far too many remain unaware of security protocols like the Payment Card Industry data-security …

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Digital Transactions