Thursday , March 28, 2024

Search Results for: POS system

Security Notes

Security Notes We Need Leadership for the Coming Challenge Gideon Samid • Gideon@AGSgo.com This column gives me a platform to say things that I can’t say to my clients face-to-face. We usually deal with major security targets who, like everybody else, are busy with daily operational challenges, trying to stay …

Read More »

Washington’s Assault on Payments

Opinion & Analysis Washington’s Assault on Payments Eric Grover Congress and regulators are bent on turning payment networks into public utilities subject to political pressure rather than market forces. Can they be stopped? Consumers and merchants have never been better served by the retail electronic payments industry than they are …

Read More »

What NFC Should Look Like

M-Commerce What NFC Should Look Like Steve Mott By most accounts, the wireless-carrier-based near-field communication (NFC) mobile payments initiative known as Isis (formally announced late last year but rumored for months before) is still falling short of the mark with respect to a winning formula for prying payments away from …

Read More »

The Gimlet Eye

The Gimlet Eye You Can’t Ignore Google for Mobile Payments It is instructive how fast the conversation about mobile payments has shifted from cell phones generically understood to what we have come to call smart phones. I suppose it was the advent of the “app” that did it, a profusion …

Read More »

The War on Attrition

The War on Attrition Jane Adler High attrition rates are likely to continue as the economy finds its footing and competition among acquirers for merchants remains fierce. After being rocked by recession and weak recovery for several years, merchant acquirers may have felt like they turned the corner in December …

Read More »

New York’s Open-Fare Transit Plan Starts Down the Development Path

After about four years of testing, the New York City area’s Metropolitan Transportation Authority is beginning the process of building a fare-payment system based on general-purpose contactless cards. MTA officials tell Digital Transactions News that they plan to publish a so-called Concept of Operations, a document outlining the agency’s broad …

Read More »

Eye on Earnings: TSYS Looks to Acquiring, AmEx Volume Jumps

Payment processor Total System Services Inc. sees new opportunities in merchant acquiring while No. 3 credit card network American Express Co. saw a double-digit jump in charge volume in the fourth quarter, an indication of a possible revival in consumer spending. Boosted by its new business from merchant acquirer First …

Read More »

Seeking to Streamline Transactions, NACHA Drops Opt-Outs for ARC And BOC

Starting in March, checks sent to lockboxes and some point of sale transactions can be processed by merchants and billers through the automated clearing house system without offering consumers a chance to opt out under new rules set by NACHA, the ACH’s regulatory organization. The new rules, which will be …

Read More »

Eye on Mobile: Starbucks Pilot Goes National, Acculynk Goes Mobile, And Mitek Logs Clients

In the largest U.S. chainwide expansion yet seen in mobile payments, Starbucks Coffee Co. announced on Wednesday it is extending its proprietary, prepaid mobile payments pilot to all of its U.S. company-owned stores. The move brings the chain’s Starbucks Card Mobile App to almost 6,800 stores and increases the number …

Read More »

Acquirers Will Benefit from Durbin, But Gain Could be Short-Lived

In the wake of the Federal Reserve Board’s proposed interchange caps for debit cards, as well as Visa Inc.’s decision to introduce dual interchange tables for debit, much discussion has focused on the impact of radically reduced interchange income on issuing banks. But an often overlooked factor concerns just how …

Read More »
Digital Transactions