News

September, 2016

• 1 September

  CVS’s Rx for Mobile Wallets: Loyalty And Privacy

  

  Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which in mid-August announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …

August, 2016

• 31 August

  Stuck at a Toll Booth With No Cash Or Transponder? Now There’s an App for That

  

  By John Stewart @DTPaymentNews For drivers passing through the Chicago area, there’s now an app that will handle payment on the 292-mile-long ribbon of toll roads snaking through 12 counties in Northern Illinois. FastToll, from a Las Vegas-based developer called Pragmistic LLC, arrives just ahead of the Labor Day weekend, …
• 31 August

  What Value Does Your ISO Agent Program Provide?

      ISO Agents look at a number of different criteria when evaluating which agent program that they should ultimately establish a sales relationship with.  There are many factors to be considered beyond just residual splits; from support to equipment & processing alternatives; the considerations can be daunting.   The options …
• 31 August

  Extreme Tix Debuts App and other Digital Transactions News briefs

  • Mobile-ticketing platform Atom Tickets announced its app now works with 200 more theaters in 40 new markets across the country, including San Francisco, Seattle, Portland, Ore., Denver, and Sacramento. Partners include AMC Theaters, Regal Cinemas, and Studio Movie Grill. • In related news, mobile-ticketing specialist ExtremeTix Inc. introduced a …
• 31 August

  Some Folks See EMV as a Curse, but Others See a Blessing

  

  By Jim Daly @DTPaymentNews If there’s one thing about EMV chip card payments that always works, it’s their ability to elicit strong feelings from those in the payments industry. It happened once again on Wednesday, when attendees at the Mobile Payments Conference 2016 in Chicago met for a closing panel …
• 30 August

  Android Exec: Beyond Infrastructure, Mobile Wallets Must Provide Value To Succeed

  

  By Jim Daly@DTPaymentNews Mobile wallets eventually will get the contactless terminals and other infrastructure they need to attract consumers, according to an executive with Alphabet Inc.’s Android Pay. Their ultimate success, however, will depend on the value they offer merchants and consumers. “It’s still all about value creation,” Jack Connors, …
• 30 August

  Reduced ‘Friction’ Expected to Propel Online, In-App Sales on Apple Pay, Android Pay

  

  By Kevin Woodward@DTPaymentNews Consumers will use Apple Pay and Alphabet Inc.’s Android Pay online and in-app to make $8 billion in payments for digital and physical goods by 2018, almost 15 times more than the $540 million forecast for 2016, according to Juniper Research, a U.K.-based research firm. Juniper released …
• 30 August

  Uber and Visa Debut Local Offers Program and other Digital Transactions News briefs

  • Shift4 Corp. announced it is among the first payment gateways to introduce a software update to support the various quick-chip solutions from the major payment brands for faster EMV chip card transactions. • Uber and Visa Inc. launched Uber Local Offers, a program that enables Uber riders to earn …
• 29 August

  As EMV Takes Hold, Chip-On-Chip Transactions Hit 46% of Payments at CardFlight

  

  By Kevin Woodward@DTPaymentNews A vital measure of the U.S. payment card industry’s migration to EMV chip transactions is advancing smartly for mobile point-of-sale provider CardFlight Inc. New York-based CardFlight says 46% of the transactions processed via its gateway in June were made with chip cards using EMV readers. That’s an …
• 29 August

  With Its Latest Results, the ACH Extends Its String of 5%-Plus Growth Quarters

  

  By John Stewart @DTPaymentNews Traffic on the nation’s automated clearing house network has perked up over the last couple of years, and the latest statistics show no slacking off in that trend. Second-quarter transaction volume on the ACH grew 5.6% in the quarter ended June 30, down from the first …