News

March, 2017

• 26 March

  COMMENTARY: Getting to ‘Yes’ for Faster (And Secure) Payments—Part I

  

  This article is the first installment of a three-part series this week on what the Federal Reserve’s Faster Payment Initiative means to the payment economy in the U.S., and how the payments ecosystem might get to “yes” on fixing what’s broken and deploying what’s possible. This part deals with the …
• 24 March

  There’s No Lack of Ideas for Acquirers To Add Value Beyond Processing

  

  While independent sales organizations often say they want to compete on more than just price, pricing remains the main sales tool for many. But a growing number of ISOs and merchant acquirers are looking to add non-processing components to their product line-ups to attract and retain merchants. Several providers of …
• 24 March

  Despite the Perils of Passwords, Adults in All Age Groups Remain Wedded to Them

  

  Pundits have predicted the demise of the password for years, yet the simple user-name-and-password combination lives on, frustrating security pros and helping to fuel a spiraling epidemic of data breaches. The reason for the password’s longevity lies in its familiarity compared to newer, more effective authentication methods, says a report …
• 23 March

  Mobile Execs Mull Checkout Tech, Open Vs. Closed Networks, And Acceptance Costs

  

  By John Stewart @DTPaymentNews The future of checkout, the role of the big payments networks, and merchants’ card-acceptance costs preoccupied a panel of mobile-payments executives assembled Tuesday to assess the current state and near-term future of the still-developing payment technology. With respect to how in-store users should check out on …
• 23 March

  Cardtronics Renews With Scotiabank and other Digital Transactions News briefs

  • Wells Fargo & Co. will introduce cardless withdrawals to all 13,000 of its ATMs after testing the smart-phone-based service in various locales, a bank executive told Reuters. Wells reportedly is the first bank to roll out cardless ATM withdrawals across its entire ATM fleet. • ATM network operator Cardtronics plc …
• 23 March

  Cloud-Based TouchPass Brings a Subscription Model to Transit Agencies for Fare Payments

  

  The subscription model is coming to payments for transit fares. Delerrok Inc., a transit fare-system provider, launched TouchPass this week, a fare-collection service that transit operators pay for via a subscription. TouchPass, a product of transit veterans Bob Hamilton, Gary Yamamura, and Susumu Kusakabe, who is a patent holder for …
• 22 March

  Risk-Control Exec Outlines Tactics for Online Merchants To Survive a ‘Perfect Storm’

  The migration of payment card fraud to the Internet in the wake of EMV chip cards coming to the point of sale is not new, but new findings from a company that specializes in card-not-present risk control and chargeback reduction provide insights on the breadth of the problem and offer …
• 22 March

  ACI Adds Bitcoin Support and other Digital Transactions News briefs

  • Payments Canada, which owns and operates that nation’s payment clearing and settlement infrastructure, has hired consulting firm Accenture to advise it on a multiyear program called Modernization, which is aimed at creating a faster-payments regime. • Payments-solutions provider ACI Worldwide said its network of more than 130 payment-service providers serving more …
• 21 March

  Fill It Up: Using ExxonMobil’s Speedpass+ at the Pump

  

  For a moment, I thought I was a thief. For a split second as I drove away from the ExxonMobil fuel pump, I thought I forgot to pay. In actuality, I had just used the ExxonMobil Speedpass+ app to make a contactless payment for fuel for the first time. ExxonMobil …
• 21 March

  The Payments Industry Gets Ready for Enhanced Messaging Through ISO 20022

  

  The name might evoke yawns, but the messaging standard known as ISO 20022 will be playing an increasingly important role in electronic payments in the future. The standard goes beyond bare-bones data related to a payment to facilitate the exchange of more information. The Federal Reserve Banks are encouraging more …