In March, PayPal will enable its users to pay through their mobile phones, tablets or iPads at 2,000 Home Depot stores across the U.S., and by the end of the year at 20 other national retailers. Mobile payments are rapidly gaining popularity, but large scale adoption will depend on consumer perceptions of security and the [...]
Last week the PCI council announced its new chairperson among plans for a new certification. Alongside these announcements, the PCI Security Standards Council (PCI SSC) confirmed its key aims for 2012 as: Engaging the PCI community with new opportunities for participation and a dedicated period for collecting and sharing feedback Delivering guidance on ecommerce security, cloud computing [...]
Under pressure from retailers and Congress, the Internal Revenue Service confirmed on Feb. 9, 2012, it will not require merchants to reconcile actual gross transaction receipts reported on their 1099-K forms with the aggregate gross receipts they report on their taxes. The Housing and Economic Recovery Act of 2008 requires merchants to report the gross [...]
The debate about NFC and mobile payments rages on. There’s questions over which handset platform to support, which devices are certified, the lack of real NFC standards, how to enable the secure component on the various cellular networks and so forth? To a novice this all sounds very complex? Shouldn’t we worry about adoption rates? [...]
According to a new White Paper released today by NACHA – The Electronic Payments Association and PayItGreen®, nearly 30 to 40 percent of consumers who receive their financial statements and bills online also receive paper versions. The study, prepared by Javelin Strategy & Research, finds that this trend, known as “double dipping,” surprisingly exists primarily [...]
Don Kingsborough wants PayPal displayed alongside Visa, MasterCard and American Express in retail stores. To get there, he will compete aggressively on price. As the executive leading PayPal’s push into physical stores, he hopes to tap long-simmering tensions over billions of dollars in fees the payment giants charge merchants each year. Kingsborough said PayPal plans [...]
IE Market Research Corporation, a Canada-based provider of market intelligence services, says its latest Global Mobile Payment Market Forecast shows that as more and more telecom operators, banks and retailers are team up to offer mobile payment solutions around the world, the global mobile payment market is growing rapidly. “Globally, we are expecting mobile payment revenue to [...]
CompliancePoint, a PossibleNOW company, announces the launch of the Compliance Automation Portal, a SaaS-based solution that centralizes the management and documentation of information for security compliance initiatives. The Compliance Automation Portal’s correlation engine eliminates duplication of activities by mapping similar control items across multiple industry and regulatory requirements for companies who must manage multiple compliance programs. [...]
There are a variety of new technologies that will become available throughout 2012 to small business owners looking for ways to process credit and debit cards. In the past, business have had to rely on costly terminals purchased from merchant account providers who charged not only for the equipment, but also for the processing of [...]
UK-based mobile billing and analytics company Bango has signed an agreement to provide payment services to the world’s biggest social network, Facebook. The terms of the deal have not been disclosed. Bango’s technology targets the growing market of internet-enabled smartphone users, who are increasingly using their devices to carry out transactions online. The company’s white-label products collect [...]