News

February, 2015

• 27 February

  After Investment and Licensing Trials, Visa To Buy TrialPay Outright

  Visa Inc. on Friday reported that it had signed a definitive agreement to buy privately-held TrialPay Inc., provider of an offers platform that connects merchants with consumers through targeted promotions. Visa will integrate TrialPay into its portfolio of services for merchants beyond pure payment processing. Financial terms of the pending …
• 26 February

  First, There Was Card on File. Now Boku Brings ‘Phone on File’ to Online Payments

  For years, merchants like Amazon.com Inc. and Apple Inc. have streamlined online payments by letting consumers charge stored credit cards with a single click, using a technique called card on file. Now, a similar concept is coming to carrier billing, the payment method used by merchants to charge online purchases …
• 26 February

  With EMV’s Rise, Debit Card Fraud on Canada’s Interac Network Falls to a New Low

  Counterfeit fraud on Canada’s Interac debit cards fell 45% to a record low in 2014, and 80% of the fraud happened outside of Canada, according to new figures from Toronto-based Interac Association. The five-year slide in skimming-related fraud coincides with the rise of EMV smart cards in Canada as well …
• 26 February

  Mass EMV Chip Card Issuance Awaits: Survey

    The deluge of EMV chip cards for the majority of U.S. consumers has yet to happen, finds a survey by ORC International Inc. In the survey of more than 1,000 U.S. adults, only 26% said they had a chip card. That figure increases slightly among consumers with credit cards, …
• 26 February

  Using Apple And Samsung Biometric ID, Sekur Me Bids To Hike Mobile Conversion

  A new service that integrates Apple Inc.’s Touch ID and Samsung’s fingerprint-recognition technology into a single mobile-payments app says it can help boost conversion, and ease shopping-cart abandonment, for mobile-commerce retailers. Santa Ana, Calif.-based Sekur Me Inc. uses the biometric sensors in Apple and Samsung smart phones to authenticate the …
• 25 February

  Staples And Jack Henry Offerings Promise Yet Hotter Market for Small-Biz Funding

  Funding for small businesses has been an increasingly important source of revenue for independent sales organizations and other merchant acquirers, but they’re not the only parties that have noticed the market’s lucrative potential. Now, banking-technology vendors and even large merchants are getting into the game. Jack Henry & Associates Inc., …
• 25 February

  Gemalto Says Spy Operation ‘Probably Happened,’ but Downplays Its Effect

  By Digital Transactions News Staff The big SIM and EMV chip manufacturer Gemalto NV on Wednesday acknowledged that an alleged operation by U.S. and British electronic spy agencies targeting the company “probably happened,” but the Amsterdam-based firm downplayed its impact. The alleged operation in 2010 and 2011 by the United …
• 24 February

  JPMorgan Chase says ChaseNet Rollout Is Exceeding Expectations

  By Jim Daly JPMorgan Chase & Co. reported Tuesday that 60,000 merchants use its in-house ChaseNet merchant-processing venture and as of January they were generating annualized charge volume of $16 billion. Merchants in the venture include United Airlines, the Marriott hotel chain, DirecTV, 1-800 Flowers, Groupon, Zillow, and Barnes & …
• 23 February

  While Many Decry Margin Compression, Report Paints Sunnier Picture of Acquirer Profit

  Many merchant-services executives have complained for years about so-called margin compression, a relentless loss of profitability driven by competition on price per transaction. But now two researchers argue acquirer profitability, far from collapsing, is actually much better than widely thought. “There has been a lot of talk about margin compression, …
• 23 February

  Did Spies Secretly Steal Chip Producer Gemalto’s Electronic Keys?

  By Digital Transactions News Staff Gemalto NV, one of the largest manufacturers of SIM cards for mobile phones and a key vendor for U.S. payment card producers as the nation converts to the EMV chip card standard, suddenly has found itself in the middle of a spy scandal involving the …