Friday , March 29, 2024

Search Results for: "contactless cards"

A Vending Machine Payment Processor Hopes To Preserve Interchange Incentive

Apriva Inc., a major processor of payment transactions from vending machines, this week told machine owners that it is working to assure their card-acceptance costs will remain stable despite the uncertain status of a program it has with Visa Inc. that gives them an interchange break if they install hardware …

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Merchants Zero in on Payments

  By John Stewart and Jim Daly   Having beaten the banks on debit card pricing, they’re now staking out positions on mobile payments and chip cards. This could be the start of the decade of the merchant in the business of consumer payments.       Who controls consumer …

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Google Announces Commercial Launch of Its Much-Anticipated NFC Mobile Wallet

  n With an over-the-air update, users of the Nexus S 4G smart phone on the Sprint Nextel network are now able to use the Google Wallet to make purchases at any of the 144,000 U.S. merchant locations that accept contactless payments. For the time being, the Google application can …

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Trends & Tactics

  What Keeps ATM Execs up at Night?       Complying with new Americans with Disabilities Act (ADA) requirements and fighting fraudsters who put skimmers on their machines rank high on the to-do lists of ATM managers.   The findings come in a new report from Aite Group LLC …

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Visa Tries To Juice EMV And Mobile Payments with New Initiatives

Leading payment card network Visa Inc. on Tuesday announced three initiatives to spur adoption of so-called EMV contact and contactless chip cards and near-field communication (NFC) mobile payments in the U.S. Observers hailed Visa’s action, but noted that a full move to EMV and NFC mobile payments in the U.S. …

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Trends & Tactics

  Keeping a Wary Eye on the Networks   Forget about Google and PayPal. Merchant acquirers are more worried about competitive threats from their long-time spouses by forced marriage, the payment card networks.   That intelligence comes from an Aite Group LLC survey of 20 industry executives, including 17 chief …

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Networks AmEx Serves up Serve

  Linda Punch   A product of its acquired Revolution Money program, Serve is American Express Co.’s entrant into the increasingly competitive mobile, online, and person-to-person payments market. Will it deliver?   When an industry heavyweight like American Express Co. throws its hat into the digital-payments ring, people sit up …

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Discover Chief Says Pulse Has Beefed up for Expected Durbin Volume

With final debit card regulations at hand that will end exclusive partnerships between payment networks and debit card issuers, the head of Discover Financial Services says his company has added capacity to its Pulse electronic funds transfer network to handle anticipated new business. n Nelms was responding to a question …

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Trends & Tactics

  All Signs Point to Credit Cards’ Recovery   After getting KO’d in the recession, credit card usage is back on its feet. While card issuers are more cautious than they were a few years ago, consumers who have credit cards are using them more frequently, and they are spending …

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Canada Puts Down Chip Card Roots

  Canada seems to have found a workable formula for rolling out EMV technology.   Can the U.S. learn from it?   By Peter Lucas   Payment card executives in the United States looking to follow a model for how to roll out EMV cards and terminals need look no …

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