News

September, 2016

• 21 September

  Now That Apple Pay Has Arrived on the Web, Will It Solidify Its Hold on Users?

  

  Apple Pay has brought the one-click simplicity of its mobile-payments service to the desktop and mobile browsers. Apple Inc. on Tuesday released an update for Apple computers that enables consumers to pay using its Apple Pay mobile wallet on participating Web sites, such as Lululemon.com and Apple.com, but only when …
• 20 September

  EMV Adoption Slows, But the Contactless-Terminal Foundation is Growing

  

  By Kevin Woodward @DTPaymentNews Almost a year after the U.S. payment card industry adopted EMV chip cards for point-of-sale transactions, approximately 44% of U.S. merchants that accept credit and debit cards have EMV POS terminals. That assessment, in The Strawhecker Group’s latest EMV survey released Tuesday, is less than an …
• 20 September

  Frost Bank Joins clearXchange and other Digital Transactions News briefs

  • The Clearing House Payments Co. LLC selected IBM Corp.’s Power8 system for its real-time payments service, expected to go live next year. The IBM system will run software from VocaLink Holdings Ltd., which TCH selected last year as a vendor for its project. VocaLink is being acquired by MasterCard …
• 20 September

  Visa Will Drop Static Passwords for Its Verified by Visa Online Fraud-Control Service

  

  By Jim Daly@DTPaymentNews Visa Inc. plans to phase out static passwords used with its Verified by Visa e-commerce fraud-control service beginning in April 2018. Visa’s announcement precedes even more changes coming to Verified by Visa’s underlying technology called Three-Domain Secure, or 3-Secure. EMVCo, the chip card standards body owned by …
• 19 September

  Stripe Employs Visa, MasterCard Real-Time Payment Services for Its Marketplaces Users

  

  MasterCard Inc. and Visa Inc. reported Monday that online-payments specialist Stripe Inc. is using their instant-payment services to pay merchants such as ride-sharing service Lyft and other users of Stripe’s marketplaces. Stripe actually began offering what it calls Instant Payouts relying on the network services—Mastercard Send and Visa Direct—to merchants as …
• 19 September

  Network Merchants Earns TSYS Certification and other Digital Transactions News briefs

  • Processor Fiserv Inc. said a new scoring model for its Payment Fraud Manager service designed specifically for automated clearing house transactions detected more than 90% of fraud while reviewing only 2% of the transactions in model validation tests. • Payment gateway Network Merchants LLC announced its SwIPe EMV chip …
• 19 September

  Eye on Acquiring: BIN Supply Remedies And an Update on Faster EMV Techniques

  

  By Kevin Woodward@DTPaymentNews Acquirers and processors have until Oct. 14 to prepare their systems for a new range of bank-identification numbers MasterCard Inc. intends to add to its inventory for issuers. Announced in 2014, the move is an attempt to stymie a possible exhaustion of BINs. These numbers are the …
• 16 September

  When It’s Time To Pay the Rent, Entrata Gets a Better Deal for Visa Debit Card Holders

  

  By Kevin Woodward@DTPaymentNews With more than 3 million renters enrolled in an online rent-payment service, Entrata Inc.’s desire to optimize its payment-card acceptance costs is paramount. That’s why Lehi, Utah-based Entrata is working with Visa Inc. on an improved payment and authorization program for the multifamily-housing industry. Announced Thursday, the …
• 16 September

  ‘I Need Knowledge:’ Merchants Express Befuddlement About EMV, Breaches, System Issues

  

  By Kevin Woodward@DTPaymentNews Merchants would like nothing more than to decipher what they call the “mysteries” of the payments universe, a select group of them told attendees Thursday at the Western States Acquirers Association conference in Scottsdale, Ariz. These mysteries, they said, include knowing whom to call when a problem …
• 16 September

  When It Comes to Friendly Fraud, It Seems Women Are a Lot Less Friendly Than Men

  

  By John Stewart @DTPaymentNews Few things have thrown a spotlight on the 40-year-old chargeback process like the nation’s conversion to EMV chip cards at the point of sale, but it’s in online commerce where the problem has long plagued merchants. And now there’s evidence that these sellers may have more …