Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
April, 2016
-
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
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 …
-
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 …
-
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 …
-
4 April
TSYS Completes Its TransFirst Deal and other Digital Transactions News briefs
• VeriFone Systems Inc. introduced Verifone Carbon, a black, portable point-of-sale system for café owners, quick-service restaurants, and stores that features a tablet screen for the merchant and a smaller screen for the customer, and a stand with a built-in printer. The Intel-powered device includes VeriFone’s cloud-based Commerce Platform that …
-
1 April
Blackhawk Buys extrameasures and other Digital Transactions News briefs
• Prepaid card services provider Blackhawk Network Holdings Inc. acquired extrameasures LLC, a promotions and incentives firm that offers Visa-branded and private-label rewards and gift cards. The deal follows Blackhawk’s acquisitions of other incentives companies, including Parago, InteliSpend, CardLab, and Incentive Solutions. • Prepaid card provider Green Dot Corp. …
-
1 April
Despite Its Recent Troubles, Ignoring Square Is a Risky Move for Rivals, Experts Argue
Do competing acquirers run a significant risk if they ignore the way Square Inc. operates? Some experts are now saying they do, though you wouldn’t think so in the light of recent events. When 6-year-old Square went public in November, the result was bloody. On the first day of trading, …