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
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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 …
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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 …
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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 …
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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, …
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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 …
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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 …
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1 April
ENABLING THE NEXT ERA OF PAYMENT INNOVATION
Disruptive technologies, computer security, and global standards are poised to enable secure, seamless digital operations—supporting new payment models, while addressing risk. Today’s Challenges There’s no question that the payment and transaction landscape is complex, touching everyone from consumers, solution providers, and merchants to payment networks and banks. Regulatory …
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1 April
Lots of Headaches From Data Breaches, but Few Lawsuits, a Law Firm’s Study Finds
A new report about data breaches from a law firm that analyzed compromises affecting more than 300 of its clients in 2015 has some unique perspectives that supplement findings from data-security technology firms such as Mandiant and Trustwave or telecommunications giant Verizon, all of which have produced widely read summaries …
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1 April
MasterCard Says EMV on Two-Thirds of Its Credit Cards And Accepted at 1.2 Million Locations
Six months after the U.S. payment card industry adopted EMV chip card transactions as the preferred card technology, MasterCard Inc. says 67% of U.S.-issued consumer credit cards bearing its mark have chips, and 1.2 million U.S. merchant locations now accept the card. The data comes six months after the Oct. …