Digital Transactions Authoritative, insightful and timely information for payments professionals
n To use PayPal Access, a site must sign up for a PayPal account but is not obliged to accept PayPal. The new system then gives the site access to some 100 million active PayPal users, who can control how much information they want to share. If a user …
Read More »PayPal Plans to Issue a Card for POS Use Starting First Half of 2012
PayPal Inc., a dominant processor of e-commerce transactions, has made no secret lately of its ambitions to move into the world of brick-and-mortar commerce. The only missing element was a physical token that account holders could use at the point of sale. Now it appears that void will soon …
Read More »A Vending Machine Payment Processor Hopes To Preserve Interchange Incentive
Apriva Inc., a major processor of payment transactions from vending machines, this week told machine owners that it is working to assure their card-acceptance costs will remain stable despite the uncertain status of a program it has with Visa Inc. that gives them an interchange break if they install hardware …
Read More »New Figures Show How a Handful of Players Dominate the Acquiring Business
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Read More »Yet Another New IRS Tax-Reporting Revision Adds to Acquirers’ Burdens
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Read More »Durbin Casts a Wary Eye on Rising Small-Ticket Debit Interchange
U.S. Sen. Richard Durbin on Tuesday said he is aware that new Visa and MasterCard interchange schedules will cause some merchants to pay much more in interchange when a consumer uses a debit card from a big bank to pay for small purchases. Durbin said the Federal Reserve Board should …
Read More »With a $1.67 Average Ticket, Vending Processor USAT Predicts Pain from Durbin Rate
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Read More »The New IRS Reporting Rule Could Have a Silver Lining for Acquirers
The new federal regulation requiring processors and acquirers to report merchant electronic payment transactions to the Internal Revenue Service is proving to be a major challenge for the industry, but at the same time could turn into a revenue generator for acquirers, according to a researcher. The requirements originated with …
Read More »Retailers Should Brace for More Fraud After a Lull in Losses, Study Says
The good news: merchants’ total losses from fraudulent transactions are down. The bad news: losses are likely to rise. More bad news: fraudsters are taking a liking to alternative and mobile payments. Those are some of the key findings from the third annual “LexisNexis True Cost of Fraud” study …
Read More »Two Founders Bolt CoCard to Start a New ISO with Shareholder Equity And Deal Focus
Two executives who helped found CoCard Marketing Group LLC have left the Nashville, Tenn.-based independent sales organization to start their own ISO with what appears to be a unique ownership structure based on shareholding for participating offices. “Our company is going to be based on shares of stock,” says …
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