Digital Transactions Authoritative, insightful and timely information for payments professionals
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September, 2011
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8 September
U.S. Treasury Electronic-Benefit Campaign Gears up As Checks Dwindle
Nearly nine months after introducing a rule requiring recipients of Social Security and certain other benefits to switch from checks to electronic deposit, the U.S. Treasury Department says the number of check recipients has dipped below 9 million for the first time in decades. The agency is now in …
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8 September
In a Good Omen for Mobile Payments, Location-Based Services Attract Handset Users
n A new report from the Pew Internet & American Life Project, Washington, D.C., has found that about 20% of U.S. adults uses a smart phone to access a location-based service or a so-called geo-social site, or a social network in which the user “checks in” with his or …
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7 September
VeriFone Looks to Services And Mobile Payments for Growth
North American sales were flat, but leading U.S. point-of-sale terminal maker VeriFone Systems Inc. still posted a 21% increase in revenues on the strength of its international business in the quarter ended July 31, and profits jumped 42%. Fresh from its August acquisition of long-time rival Hypercom Corp., VeriFone anticipates …
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1 September
Consumers May Not See Much Durbin Benefit from Card-Not-Present Merchants
n Some 41% of card-not-present merchants responding to the survey at the Direct Response Forum’s annual conference earlier this month said they do not intend to pass on lower debit card costs to consumers, according to results announced on Thursday by the DRF. Fully 56% said they don’t know …
August, 2011
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31 August
Tablet Computers Deliver a Bigger Bang Than Smart Phones for the M-Commerce Buck
As manufacturers scramble to develop tablet computers to challenge Apple Inc.’s dominant iPad, findings from an electronic-commerce services firm suggest payments companies looking for new transaction volume through mobile devices would be smart to do everything they can to encourage consumers to buy things on the iPad and its …
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30 August
Merchant Maverick Sees Growth with Star-Rating System for ISOs
The culture of ratings and reviews, so prevalent in the online world these days, has come to the business of merchant acquiring as a slew of sites has emerged to size up processors and independent sales organizations. Merchant Maverick, a 2-year-old site in Orange, Calif., takes the concept a …
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30 August
Shazam And Adaptive Payments Unveil PIN-Debit Acceptance on Smart Phones
One week after announcing it is testing dual-message PIN debit, the Shazam debit network said on Tuesday it will introduce later this year a product that will let merchants accept PIN debit transactions on smart phones. The product, developed by Fort Lauderdale, Fla.-based authentication-technology vendor Adaptive Payments, comes as networks …