Digital Transactions Authoritative, insightful and timely information for payments professionals
The demand for point of sale systems continues to expand as businesses seek to accept all payment types, manage inventory and compete for customers. To meet the growing demand, many payment processors have developed their own POS solutions, with varying degrees of success. To date, very few providers …
October, 2016
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3 October
Dip or Swipe? A Year Later, Most Consumers Still Have POS Confusion About EMV
By Kevin Woodward@DTPaymentNews A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan and conducted …
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3 October
They’ve Got an App, But How Innovative Are the Top Banks in Offering Mobile Services?
By John Stewart @DTPaymentNews For years, pundits have said consumers trust banks more than any other entity when it comes to payments options, but that doesn’t mean financial institutions are always delivering the most innovative services. Now a review of mobile-banking and -payments offerings indicates even the nation’s biggest banks …
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3 October
Eye on Acquisitions: Cardtronics Buying DCPayments; MetaBank Acquires EPS Financial
By Jim Daly@DTPaymentNews The first business day of 2016’s fourth quarter produced several announcements about payments-industry acquisitions. In the biggest, globe-trotting ATM network operator Cardtronics plc will gain a toehold in the Asia-Pacific region by acquiring Canadian ATM firm DirectCash Payments Inc. (DCPayments) for $460 million. Meanwhile, Meta Financial Group …
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1 October
NACHA Wants Banks to Know More About Third-Party Senders
As the automated clearing house network gets set to start a process that will over time speed up all ACH credit and debit transactions to same-day settlement, the ACH’s governing body late this summer took an important step toward controlling the risk posed by certain non-bank players that stand between …
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1 October
As Hackers Press Their Attack, Cybersecurity Funding Tails off
Even though the payments industry is undergoing an unprecedented attack by fraudsters, funding of cybersecurity startups by top investors will drop somewhat this year compared to 2015, according to the latest data from CBInsights, a New York City-based firm that tracks venture-capital investment. Total cybersecurity funding deals this year are …
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1 October
The PCI Council’s Beefed-Up Rules To Thwart Payment-Device Data Thefts
With malware and hacker attacks on payment card-accepting devices increasing in sophistication, the PCI Security Standards Council last month announced updated rules for protecting such devices. “The updates are designed to stay one step ahead of criminals who continue to develop new ways to steal credit and debit card data …
September, 2016
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30 September
EMV Flunked Its First Year, Many Digital Transactions News Readers Say
By Jim Daly@DTPaymentNews If they could assign a letter grade to the first year of EMV chip card payments in the U.S., half of Digital Transactions News readers would give it an “F,” according to results of the daily e-newsletter’s weekly poll. The newsletter’s Sept. 23 edition asked respondents to …
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30 September
ATM And Petroleum Transactions Are Next Up for EMV Liability Shifts
By Kevin Woodward@DTPaymentNews With the U.S. point-of-sale conversion to EMV chip card acceptance well under way, attention turns to the upcoming liability shifts for ATM and fuel-dispenser transactions. First up is MasterCard Inc.’s liability shift for ATMs, which kicks in Oct. 21. Both MasterCard and Visa Inc. also have a …