Digital Transactions Authoritative, insightful and timely information for payments professionals
The dawn of October 2015 is decidedly near; the clock rapidly ticking. As the fraud liability shift approaches, many merchants will be asking their POS solutions providers what plans they have in place to support EMV®. So now the question for VARs becomes: are you ready to handle …
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As the Liability Shift Rapidly Approaches, Free Can Be a Smart EMV Terminal Motivator
With fewer than 300,000 merchant locations ready for EMV chip card transactions—according to Visa Inc.—efforts to get merchants to upgrade to the more fraud-resistant point-of-sale terminals take on greater importance. For example, iPad-based POS system maker ShopKeep.com Inc. last week began offering merchants a free contactless reader that also accepts …
Read More »Visa’s Latest EMV Snapshot: 127 Million Chip Cards, 295,000 EMV-Accepting Locations
By Jim Daly With the much-heralded EMV liability shift now less than a month away, the United States could be likened to briskly walking, though hardly running, toward the finish line of full-fledged chip card payments. New figures provided by Visa Inc. to Digital Transactions News on Friday show that …
Read More »Don’t Hold Your Breath Waiting for EMV
It should come as no surprise that, despite an Oct. 1 deadline, most consumers and merchants remain unprepared for EMV. But with less than a month to go, separate studies released late this summer indicate the situation is even worse than you may have thought. Both merchants and issuers are …
Read More »Alphabet Soup: Why ISVs Should Also Be ISOs
With the business of selling merchant accounts growing more technology-based every day, how are processors going to recruit new independent sales organizations that have the necessary expertise? For at least some processors, the answer lies in inducing independent software vendors, known as ISVs, to become ISOs as well. “Two very …
Read More »The Complexities of Mobile
Payments 3.0 The rate of adoption of in-store mobile-phone-based payments is a critical issue facing merchants. How best to respond to it is a complex problem with some major unknowns. Recent studies indicate that nearly half of consumers would prefer to use their own mobile device when shopping in a …
Read More »Where EMV Certification Is a Big Headache
By Kevin Woodward The complexity and multiple configurations of POS systems have some merchants and vendors mired in delays. As the U.S. payment card industry hurtles toward its EMV destiny on Oct. 1, the process for certifying EMV-compliant point-of-sale terminals is moving along well, albeit with one exception. That exception …
Read More »PayPal Unchained
After 13 years, PayPal is free of eBay and once again an independent company. It dominates online and mobile commerce, but has stumbled at the point of sale. What will it do now that it calls all the shots? Like a young adult getting his first apartment and starting a …
Read More »Partnerships Will Fuel the Tablet Takeover
Making mobile POS work seamlessly for merchants of all sizes is a daunting job, one best tackled by partnering with multiple specialists, says Paul Rasori. A recent IHL report projects significant growth in the tablet point-of-sale market through 2019, upwards of a 27% compound annual growth rate. To those of …
Read More »Checkout Startup SelfPay Eyes Expansion With Outside Funding Injection
By Kevin Woodward With more $1 million (Canadian) in new funding, self-checkout app SelfPay looks to expand its reach within retail stores. Toronto-based Digital Retail Apps says the funding, which is approximately $764,402 in U.S. currency, also will be used to secure more patents. Dallas-based Texas Ventures led the funding, …
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