Study looks at opportunities for payments industry to migrate to digital payments

New research from Mercator presents case studies that illustrates best practices for transitioning into digital distribution. The competitive landscape for payments is rapidly changing with the emergence of new technologies and consumer preferences for virtual, digital, and mobile products. Companies...

FEATURES


The 'cashless street': useful experiment or shameless PR stunt?

Who benefited from the one-day, cash-free tryout in a Manchester, UK, shopping district? We can give you a hint: It wasn't the customers or the merchants.

Card blocking, consumer alerts are keys to fraud prevention

Financial organizations are on high alert regarding payments fraud in the wake of recent high profile customer data breaches. Although overall payments fraud has decreased, attacks targeting debit and credit cards continue to rise. The majority of financial service companies...

Consumers' real-world cost of cash: A defining moment for ATM deployers and merchants

Many IADs believe it's a race to zero in terms of fees, but the true opportunity is to shift ATM transactional costs from the consumer to the marketers trying to reach them while they're “out-of-home."

Could Apple or Google smash the banks?

Tech giants don't need to compete head-to-head with traditional banks and payment networks — they can simply innovate around them.

Why do consumers hate ATM fees so much?

It might be because they don't have a clue where the money goes ... and nobody's taken the time to educate them.

Is real-time banking fast enough?

As more countries bring real-time money movement to their consumers, it raises the question, is real time fast enough?

'EMV BITES!'

You might agree with EMV detractors, but what really matters is that MasterCard and Visa have decided that it has value in combatting fraud at the ATM.

Interactive Banker and the branch of the future

NCR Interactive Banker joins the ranks of new ATM and self-service technologies that are reframing the image of the traditional bank branch.

Cash: Reassuringly popular!

Cash is the "good news" payment method. Why? Well, at a simple level, because none of us ever complain that we have too much of it. On the other hand, I often hear people exclaim,"Not another one! I have a...

I might be small but I’m your newest customer!

For me, June is dominated by the huge big-tent marketing event, 2014 HP Discover, that HP holds in Las Vegas. I am on my way — more than likely participating — by the time you read this post. I have to admit I really look forward to these events, as they’re the place to hear what is proving successful for HP and its partners.

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NEWS


Russia retracts demand for massive security deposits from Visa, MasterCard

The government has dropped its requirement that the companies put up an estimated $2.9 billion in security deposits, but some restrictions still apply.

Judge says retailer fee complaints vs. Visa, MasterCard can move forward

A US District Court judge has ruled that retailers who opted out of last year's settlement with Visa and MasterCard over surcharge fees may sue the card companies separately.

Brazilian banks to improve availability of off-us ATMs

The new agreement among Brazilian FIs will improve ATM access for travelers attending the 2016 Olympics in Rio de Janiero.

Shazam adopts MasterCard common debit solution for EMV transactions

The Shazam Network has announced that it will make the MasterCard EMV debit solution available to all of its participants. The agreement provides all members of the Shazam Network with an EMV license for MasterCard products. “The objective of our...

Aussie central bank mulls mandatory fee notices

The Reserve Bank of Australia wants ATM operators to provide a fee notice at the beginning of a transaction rather than the end so that customers may opt out of high fees.

Vantiv expands presence in Northeast through venture with People's United Bank

The new People's United Merchant Services combines the FI's strong reputation and broad access to commercial merchants with Vantiv's payments expertise, products, security tools, technology and processing scale.

ATMIA to discuss transaction routing concerns with Fed board

The ATM Industry Association announced today that a member task force will meet July 22 with the Federal Reserve Board of Governors in Washington. ATMIA requested the meeting to address growing concerns over the routing of ATM debit transactions. Implementation...

SafenSoft, AK BARS Bank create Russia's first PCI DSS-compliant ATM network

AK BARS Bank and Safensoft have announced the recent completion of PCI DSS recertification at the bank using SafenSoft information security solutions. This is the fourth year in a row that the bank has achieved compliance, but the first year...

Collis Brand Test Tools OK'd for Visa payWave

UL has announced that its Collis Brand Test Tool has been confirmed by Visa to simulate the newest Visa qVSDC device module. Test cases are also included in the tool. The Visa qVSDC Device Module provides Visa payWave acquirers a...

FCU adds RDC as component of customer self-service strategy

FedChoice FCU, a federal employees credit union serving nearly 25,000 members, has implemented QwikDeposit ToGo from Bluepoint Solutions for mobile remote deposit capture.

Prepaid cards No. 1 in growth for June

Prepaid cards took the biggest hike of any noncash payment method in June in terms of dollar volume — barely, beating out credit by just one-tenth of a percent.

Payment security data breach trends to receive scrutiny at September summit

Massive data breaches have raised questions about how to better protect consumers' personal and payment data. This will be the focus of a general session at the second annual ATM & Mobile Innovation Summit in September.

First Data betting on PayLucky Solutions

Payment technology and services provider First Data has introduced PayLucky Solutions for legalized online and offline gambling and gaming. The offering provides comprehensive payment services from a single source. PayLucky Solutions offers: instant funding access, removing the typically long wait...

UK's Optimal Payments to purchase GMA, Meritus

London-based Optimal Payments PLC, an online payments and risk management provider, has announced an agreement to acquire all of the partnership interests of California based payment processing entity Meritus Payment Solutions for $210 million in cash and Optimal Payments shares....

AT&T piloting location authentication for bankcard transactions

AT&T plans to pilot a new service that it says will arm companies with the ability to confirm the location of participating customers who opt in to advanced fraud protection when they travel internationally. Businesses will gain the ability to...

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ATM transaction processing is a core function of the ATM business equation. This Research Center focuses on ATM transaction processing and the companies who provide processing services.