Digital Transactions Authoritative, insightful and timely information for payments professionals
While acknowledging that federal pricing regulations are crimping growth in its debit card business, Visa Inc. late on Wednesday presented an upbeat report to investors that stressed new ventures like its recently introduced digital wallet, V.me. Separately, the world’s largest card network also unveiled new tools to help client banks …
February, 2012
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8 February
Food, Dining Places Especially Vulnerable to Card-Data Breaches, Report Finds
Among all the types of merchants that accept card transactions, coffee shops, pizza parlors, burger places, and food stores might need to keep an extra-careful watch on their card data. If they’re operating as a franchisee and part of a chain, they might want to be especially wary. And if …
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7 February
Visa Unveils Chip Services As Its U.S. EMV Card Base Crosses the 1 Million Threshold
Visa Inc. reported on Monday that its U.S. financial-institution clients have issued more than 1 million chip cards compliant with the EMV standard. The leading payment card network also introduced new EMV processing services so that issuers can reduce their own investments in chip technology. Just over 10 issuers now …
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6 February
Datacard, DeviceFidelity Prepare for Mass Issuance of Micro SD Cards for NFC
In a move that could herald a time when card issuers will be able to mass produce specialized cards equipped with near-field communication (NFC) technology, Datacard Group on Monday announced it has taken an equity stake in DeviceFidelity Inc., a Richardson, Texas-based startup that makes micro Secure Digital (SD) cards …
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2 February
MasterCard Sees Durbin Gains But Draws the Line at Credit Card Interchange Cuts
MasterCard Inc. posted strong debit card growth in 2011’s fourth quarter, and the No. 2 card network’s top executive told analysts on Thursday that MasterCard is picking up some new business because of the Durbin Amendment. At the same time, however, MasterCard president and chief executive Ajay Banga said the …
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1 February
Research Identifies an E-Commerce Premium, But How Long Will It Last?
A longstanding truism in the acquiring business is that smaller merchants tend to generate more profit than their larger counterparts. But now research has emerged to show that smaller online merchants are even more profitable for acquirers and processors than brick-and-mortar stores of the same size. In fact, across all …
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1 February
Durbin Produces Contracts for First Data’s Star, But Results Are Months Away
Leading payment processor First Data Corp. reported on Wednesday that its merchant-acquiring operations are enjoying a temporary profit lift and its Star electronic funds transfer network has won more than 20 new contracts from financial institutions as a result of the Durbin Amendment. But whether those new contracts actually …
January, 2012
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31 January
To Sign Merchants Nationwide, Square Heads to Campus To Recruit a Sales Force
n San Francisco-based Square posted a notice for a “Square U Representative” position last month on its Web site and has put out reminders about it this month through Twitter as well as a feature story about it on its Facebook page. The job posting indicates the position is …
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31 January
MasterCard’s ‘Road Map,’ Including Merchant Incentives, Lifts Industry Hopes for EMV
Ever since Visa Inc. released a major policy statement in August regarding chip cards in the United States, observers have waited for the other shoe to fall from competing card networks, especially Visa’s biggest rival, MasterCard Inc. That void began to fill in late on Monday with MasterCard’s release of …