Christmas has come early this year – at least according to Americans’ spending. Recent data shows that shoppers are taking advantage of sales and buying their gifts further in advance. Discover Financial Services even called October “the new December,” due to earlier-than-normal spending related to holiday shopping. Read more
Today, smartphones can scan faces, artificial intelligence can prevent human error, and a payment can be made in the blink of an eye. Demand for these types of technologies is increasing, particularly in the payments industry. Payments technologies must adapt quickly to keep up with rapidly changing consumer demands. Over half of U.S. shoppers would stop […]
It’s been seven months since COVID-19 forced Ohio’s 950,000 small businesses to quickly adapt and innovate. Curbside pickup for retailers, contactless carryout for restaurants, and even virtual test drives for car dealers are now not only necessary, but expected. But convenience is not the only thing that should be top of mind for Ohioans. Payments security is […]
Questions over the freedom for merchants to route transactions to any of the global networks (Mastercard and Visa) and also any of the EFT debit networks (Accel, Pulse, Shazam, Star, etc.) are news again as evidenced by this article in PaymentsSource. You may be thinking, “Didn’t we solve these issues during the migration to EMV”? Read […]
The card networks’ single “click to pay” button — an implementation of Secure Remote Commerce — is drawing some negative attention from merchant groups and independent networks that see it as a way to steal volume from alternative payment providers. Read more…
With EMVCO’s launch of the Secure Remote Commerce standard last year, the card brands felt they had developed a better way to protect payment credentials through single “click to pay” button in a digital world. Read more…
The last time you bought coffee or a pair of jeans, how did you pay? Recently, we’ve seen lots of reports about how premium credit cards have become more expensive for consumers because of increased annual fees. But that’s just the half — or even a third — of it. Most people are looking for […]
The House Financial Services Committee’s Task Force on Financial Technology recently held a hearing to better understand how businesses are accepting payments. Chairman Stephen Lynch (D-Mass.) and Ranking Member Tom Emmer (R-Minn.) highlighted that the number of transactions conducted with cash has dropped 15 percent in recent years. Read more…
