News

June, 2017

• 1 June

  Hard to Swallow?

  

  By Jim Daly and John Stewart The U.S. conversion to EMV is close to two years old now, and in its wake have come unquestioned benefits. But this cure for widespread counterfeit card fraud also has ushered in excruciating side effects. It’s easy to forget that the Europay-Mastercard-Visa chip card …
• 1 June

  How to Get Past ‘No’

  

  By Kevin Woodward A willingness to listen, knowledge of the industry and of the merchant, and preparation are key to skirting a merchant’s rebuff reflex. It’s a universal sales-agent experience. The rebuff, deflection, or outright rejection from a merchant who, in her mind, is yet again hearing a sales rep …
• 1 June

  A Token of Appreciation

  

  By Peter Lucas Visa and Mastercard are acting fast to dominate the rapidly developing tokenization business. Are juicy fees next? It’s been more than six months since Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Pacts giving PayPal Holdings Inc. such access have emerged over …
• 1 June

  Faster Payments in the U.S. (As It Has Unfolded So Far)

  

  By René Pelegero The Fed’s task force has made a lot of progress, and on some fronts the results look promising. So why does it seem like the creation story of Visa and Mastercard all over again? It has been a long time since the initial Faster Payments discussions in …
• 1 June

  Payment Regulations Aren’t Keeping Payments Safe

  

  There are several reasons why you can’t rely on law and regulation, says Ed Adshead-Grant. Here’s where they fall short and what you should do about it. Initiatives like open banking and faster payments have ushered in a whole new era in the world of business-to-business payments. The industry is …

May, 2017

• 31 May

  Banks And Non-Banks Play to Their Strengths As They Eye a $1.2 Trillion P2P Market

  Financial institutions and third-party providers of digital person-to-person payments may have the same goal—ubiquity of service and adoption—but they’ll have to take different paths to get there, according to “Digital Person-to-Person Payments in the U.S.: The Competitive Landscape,” a report released last week by the Aite Group LLC. The P2P …
• 31 May

  Global Payments Supplies Online Car Purchase Tech and other Digital Transactions News briefs

  • POS Portal Inc., a point-of-sale equipment distributor, said it is now supplying payment equipment via Retail Realm, a POS software distributor. • Merchant processor Global Payments Inc. said it is providing payment technology for Hyundai Motor UK’s “Click To Buy” platform, which lets consumers buy a car online from any participating …
• 31 May

  Android Pay Debuts for Canadian Debit and Credit Card Payments

  

  The Android Pay mobile-payments service from Alphabet Inc.’s Google unit is now live or about to go live in Canada, payments companies and media outlets reported Wednesday. Canada’s Interac Association national debit network said that its Interac Debit service will be available for Android Pay mobile payments beginning June 5 …
• 30 May

  COMMENTARY: For Health-Care Providers, the Check Is Still in the Mail

  

  While the benefits of electronic transactions for health-care payments—reduced operating costs, efficient processing, enhanced reliability, and strengthened security—are widely acknowledged, the health-care industry has faced many challenges keeping pace with standard electronic-payment adoption rates. And the problem will only get worse unless payment-solution providers expand their offerings to support the …
• 30 May

  First Data Increases Its ISV Footprint With Its $750 Million Acquisition of CardConnect

  

  Just six months after declaring that it intended to become a player in the independent software vendor (ISV) payments space, processor First Data Corp. late Monday said it has a deal to buy a prominent ISV, CardConnect Corp., for $750 million. “CardConnect has been investing in technology, dedicated sales, and specialized …