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Assessing a Decade of PCI

Controversial from the start, the PCI Council faces a vastly changed security landscape from the one it confronted when it was born 10 years ago. Mobile payments, tokenization, and the growth of tech startups are new elements on the payments scene, but data breaches still abound, much as they did …

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New Visa Direct Partners and other Digital Transactions News briefs

• Visa Inc. announced five key person-to-person payment integrations for its Visa Direct faster-payments system, which requires Visa issuers to make funds available to cardholders within 30 minutes. These include: Jack Henry & Associates for JHA Payment Solutions, Fidelity National Information Services for its People Pay service, Stripe Inc. for …

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Ditch That Terminal, Grab a Platform

With an abundance of smart-terminal options available, the question is, when will EMV-weary merchants be ready to deploy this newfangled technology? Emerging from the haze surrounding U.S. EMV merchant adoption, vendor strategies are taking shape aimed at supplanting traditional payment terminals with flashy platforms that promise access to rich ecosystems …

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Stockpile’s Moment of Truth

A gift card marketed by a little-known startup and backed by shares of stock in big-name companies is coming to J-hooks near you. Gift card marketers have dominated the holiday season and other gift-giving occasions in recent years, but now a card is coming to thousands of those checkout-lane racks …

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The Decade-Old PCI Council Looks Forward, But Some Things Don’t Change

By Jim Daly@DTPaymentNews The PCI Security Standards Council is now a decade old, and as it concludes its annual North America community meeting in Las Vegas Thursday it faces a payments-security landscape vastly changed from the one it confronted 10 years ago, with mobile payments, tokenization, and so-called fin-tech startups …

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Eye on Acquiring: BIN Supply Remedies And an Update on Faster EMV Techniques

By Kevin Woodward@DTPaymentNews Acquirers and processors have until Oct. 14 to prepare their systems for a new range of bank-identification numbers MasterCard Inc. intends to add to its inventory for issuers. Announced in 2014, the move is an attempt to stymie a possible exhaustion of BINs. These numbers are the …

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Stockpile Prepares to Take Its Gift Cards—And Stock Ownership—To the Retail Rack

By John Stewart @DTPaymentNews Gift card marketers have dominated the holiday season and other gift-giving occasions in recent years, but now a card is coming to thousands of those checkout-lane racks that will let budding investors buy or give away shares of stock in a favorite company.

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Stuck at a Toll Booth With No Cash Or Transponder? Now There’s an App for That

By John Stewart @DTPaymentNews For drivers passing through the Chicago area, there’s now an app that will handle payment on the 292-mile-long ribbon of toll roads snaking through 12 counties in Northern Illinois. FastToll, from a Las Vegas-based developer called Pragmistic LLC, arrives just ahead of the Labor Day weekend, …

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Square Posts Europe Job Openings and other Digital Transactions News briefs

• Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …

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Funding Data Confirms It: In-Store Tech Is Exploding As the Point of Sale Modernizes

By John Stewart @DTPaymentNews It’s no secret the U.S. point of sale is undergoing perhaps the most extensive overhaul in its long and storied history, but now there’s evidence that a crowd of technology startups are sharing in the bounty that sweeping modernization is generating. Point-of-sale startups will likely reap …

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Digital Transactions