News

April, 2016

• 7 April

  Will Credit Card Surcharging Become the Norm in 2016, as One Analyst Prophesies?

  Though merchants have been permitted since 2013 to add surcharge fees to credit card transactions, it’s only in 2016 and 2017 that the practice will become the norm, ushering in a new phase of a sometimes contentious relationship between merchants, the payment card industry, and consumers. That’s the assertion of …
• 6 April

  Consumers Seek Online Payments Security Assurances: Survey

  As online shopping continues to grow, consumer anxiety about the security of the payment card credentials on e-commerce sites remains a top concern. Some 48% of consumers want more assurances about their online shopping security, finds a survey released Wednesday by Tender Armor. The survey of more than 1,000 consumers, …
• 6 April

  Square Nuances Customer Engagement Suite and other Digital Transactions News briefs

  • Merchant acquirer Global Payments Inc. reported net income of $69.1 million for fiscal 2016’s third quarter ended Feb. 29, up 10.4% from $62.6 million a year earlier. Revenues came in at $679.9 million, up 2.2%. Global Payments expects to complete its acquisition of Heartland Payment Systems Inc. this month. …
• 6 April

  Eye on EMV: Terminal Hiccups, Petroleum’s Challenge, And a Dual-Interface Future

  Of the challenges presented by the U.S. payments systems’ transition to the EMV chip card standard, one of the least reported is confusion among both consumers and merchants  caused by the sudden appearance of puzzling terminal messages. Meanwhile, new numbers indicate petroleum marketers face a daunting challenge meeting their October …
• 6 April

  A Trip To 7-Eleven To Buy Snacks and Gas Can Now Include Paying Taxes—in Cash

  With the April 18 tax-filing deadline bearing down, a new cash-payment option from the Internal Revenue Service and payment processors PayNearMe and Official Payments lets consumers pay federal income taxes in cash at 7-Eleven convenience stores—and if there’s any money left, they can ease the pain with a Slurpee. PayNearMe, …
• 5 April

  Trump Links Money Transfers to His Mexico Wall and other Digital Transactions News briefs

  •  PayPal Holdings Inc. will not follow through on plans announced two weeks ago to expand in Charlotte, N.C., and add 400 jobs because of North Carolina’s recently enacted House Bill 2, which PayPal says “perpetuates discrimination and it violates the values and principles that are at the core of …
• 5 April

  NACHA: Most Top Financial Institutions Are on Track To Offer Same-Day ACH This Year

  Automated clearing house governing body NACHA says nearly all of the nation’s biggest financial institutions plan to originate same-day ACH payments this year. The January-February telephone survey of executives at 22 of the nation’s top 25 ACH originators found that 95%, which works out to all but one of the …
• 5 April

  The FIDO Alliance Reports a 50% Gain in Certified Products in Just One Quarter

  With financial institutions, merchants, and software application developers all looking for better online security than that afforded by the traditional, static user name and password, the Fast IDentity Online (FIDO) Alliance’s brand of authentication products is starting to get traction. The Mountain View, Calif.-based industry consortium reported Monday that 150 …
• 4 April

  Amazon Uncloaks E-Commerce Developer Payments Program

  E-retailing giant Amazon.com Inc. unveiled an e-commerce developer program Monday designed to spread Amazon’s payments service across more shopping sites. Dubbed the Amazon Payments Partner Program, the invitation-only program targets e-commerce developers and platform providers to help them add a pay or Amazon log-in button to their checkout pages. Already, …
• 4 April

  How EMV-Related Chargebacks Drove Florida Merchant Duo to Sue Networks And Issuers

  The Florida merchants that sued all the major card networks and eight of the 10 largest bank issuers last month saw no other way to deal with the flood of chargebacks they incurred after the EMV liability shift, according to a top executive with one of the merchants and an …