News

August, 2015

• 10 August

  Apple Pay Could Reap a Volume Bonanza as It Includes AmEx Corporate Cards

  Corporate card stalwart American Express Co. says corporate cards it issues on behalf of U.S. employers now can be used with Apple Pay. AmEx says its portfolio is the first major corporate card file to be activated for Apple Inc.’s mobile-payment service. Apple Pay’s potential for additional spend with corporate …
• 10 August

  Eye on Remote Deposit Capture: Most Users Unfazed by Risks; Customers Assess Savings

  A new survey shows users of remote deposit capture overwhelmingly say the benefits of the service far outweigh its risks and costs. Other recent surveys by RemoteDepositCapture.com, a news and information clearinghouse, reveal the cost benefits users assign to the service and show that many users take weeks to destroy …
• 7 August

  Looking for Nationwide EMV by October? Don’t Hold Your Breath, Surveys Say

  With just 55 days to go, separate studies released this week show that the Oct. 1 target date for the U.S. to adopt the EMV chip card standard is looking more and more like a psychological deadline than a real one. Both merchants and credit and debit card issuers are …
• 6 August

  Time to rewrite the rules of fraud management

      Andrew Naumann, Vice President, Product Management — Merchant Solutions, CyberSource Fraud is not the problem It used to be that when we asked merchants about their most significant eCommerce challenges, ‘fraud!’ would invariably be the answer. The focus was relentlessly on reducing chargebacks — it was the only …
• 6 August

  In Health-Care Payments, EMV May Be a Driver, But Dodging PCI Is the Benefit

  No category of payment-card-accepting merchants, including health-care providers, is immune from the EMV liability shift coming Oct. 1. Yet, some payments providers specializing in servicing clinics and hospitals say there is a lack of understanding among their clients that goes beyond what acquirers have found in other merchant categories. “Health …
• 6 August

  PIN-Debit Interchange Drops for Issuers Exempt from Durbin Rate Cap

  Issuers are generating less in interchange for PIN and signature debit card transactions than they were 10 years ago, according to the Pulse electronic funds transfer network’s 2015 Debit Issuer Study released Thursday. The study examined transactions made in 2014 from more than 70 debit issuers involving 147 million debit …
• 5 August

  It May Be POS Alphabet Soup, But It’s Getting Easier for ISVs To Assume ISO Functions

  By John Stewart With the business of selling merchant accounts growing more technology-based every day, how are processors going to recruit new independent sales organizations that have the necessary expertise? For at least some processors, the answer lies in inducing independent software vendors, known as ISVs, to become ISOs as …
• 5 August

  Judge Tosses AmEx’s Settlement With Merchants; Is the Visa-MasterCard Settlement Next?

  A federal judge on Tuesday nullified a pending settlement between American Express Co. and merchants in a class-action lawsuit over AmEx’s anti-steering rules because of improper conduct by a co-lead attorney for the merchants. The decision immediately cast a shadow over the $5.7 billion settlement Visa Inc. and MasterCard Inc. …
• 5 August

  EMV Becomes All-Consuming Topic at a Trade Show for the Broader POS Industry

  The broader business of point-of-sale technology has many concerns that include payments but aren’t limited to that function. These days, though, it may seem that payments—and especially EMV—is all this business talks about. This was certainly the case this week at RetailNOW, a four-day conference in Orlando, Fla., produced by …
• 4 August

  POS Systems Developers Face Unique EMV Certification Challenges

    As the U.S. payment card industry hurtles toward its EMV destiny approaching on Oct. 1, the process for certifying EMV-compliant point-of-sale terminals is moving along well, albeit with one exception. Point-of-sale systems, which are available in a myriad of configurations with software from one company, hardware from another and …