Digital Transactions Authoritative, insightful and timely information for payments professionals

October, 2017

• 2 October

  EMV at Two: Consumers Still Think Purchases Are Too Slow; Many Merchants Indifferent

  

  EMV chip card payments at the U.S. point of sale have been around, officially at least, for two years now, but consumers still perceive them as slow, and many merchants still don’t accept chip cards, according to a poll of consumers and retailers by merchant processor Cayan. The time to …
• 2 October

  Domino’s Alexa Ordering Appeal and other Digital Transactions News briefs from 10/2/17

  

  While denying any wrongdoing in the matter, card manufacturer CPI Card Group Inc. settled two patent lawsuits with Gemalto S.A. Under the terms of the settlement, CPI Card Group agreed to make a one-time $750,000 payment in the fourth quarter. Both lawsuits will be dismissed and both parties agreed not …
• 2 October

  Delivering a Unified Service Beyond Today’s Omnichannel World

  

    In order to compete in the marketplace, ISOs and agents are going to have to adapt and learn to navigate the rapid tech-driven needs of their merchants based on the consumer demand. Omnichannel is cited as the leading digital priority for 22 percent of retailers [i], providing consumers with …
• 2 October

  Processing Execs Push ISOs to Adopt New Thinking on Topics From Pricing to Technology

  

  A panel of processing executives on Thursday sought to shake an audience of merchant-sales representatives out of traditional ways of thinking about critical matters ranging from pricing to new technology. In some cases, years-old tactics came under attack. “How many of you are giving a free terminal away and competing …

September, 2017

• 29 September

  ISVs Aren’t Likely to Elbow ISOs Aside Any Time Soon, a Panel of Acquirers Argues

  

  With the rise of the independent software vendor, do traditional independent sales organizations still have a role to play—and if they do, what is it? That question may have been unthinkable a few years ago, but now some observers see ISVs shoving ISOs aside as they code new applications for …
• 29 September

  Faster Payments by 2020: Incredibly Unrealistic, Doable, or Both?

  

  The Federal Reserve’s call for a faster-payments system to be in place in the United States by 2020 has been termed everything from a vision to a goal, a soft goal, or a deadline. One thing it isn’t is a mandate. So can faster payments arrive in less than two …
• 29 September

  Whole Foods Reports Taproom Breach and other Digital Transactions News briefs from 9/29/17

  

  Grocer Whole Foods Market, now a unit of Amazon.com Inc., said it is investigating a breach of the point-of-sale software used in its taprooms and full-service restaurants in some of its stores. Whole Foods did not say how many locations or how many cards are affected. It said the payment system for the …
• 28 September

  Operation Choke Point Officially Is Dead, but an ATM Trade Group Believes Its Ghost Lingers

  

  It was just over a month ago that a ranking U.S. Department of Justice official told Congress that Operation Choke Point had ended. But the ATM Industry Association on Wednesday said it is distributing materials to its members to help them deal with the “lingering impact” of the controversial program. …
• 28 September

  First Data Debuts Disbursement Service and other Digital Transactions News briefs

  

  Canadian pension-fund manager Caisse de depot et placement du Quebec and private-equity firm Novacap said they would invest in Quebec-based Pivotal Payments, valuing the merchant processor at about C$525 million ($424 million), Pivotal Payments announced. Processor First Data Corp. introduced its “Disburse-to-Debit” service that pushes funds across debit networks so that businesses can …
• 28 September

  Square Invests $25 Million in Eventbrite; Adds Apple Pay E-Commerce Integration

  

  Merchant processor Square Inc. will provide payment services to Eventbrite Inc., which provides a platform for ticket sales, and will invest $25 million in the company, Square announced Thursday. Earlier, Square said it will make Apple Inc.’s Apple Pay service available to merchants using its Square Checkout online service. Square said …