PaySecure allows the merchant to tap into 80+ million debit cards in the U.S. that can only be used with a PIN. There is no question that consumers who shop online are usually able to find better products and selections than in retail stores. So what about the consumers that are not shopping online? With the constant threat of identity [...]
Tag Archives: PIN Debit
Tue 08/30/2011 - 03:28
Fri 02/19/2010 - 01:46
As posted by Digital Transactions (February 9, 2010) Americans now spend more than half a trillion dollars a year on PIN-debit cards, but the merchant-acquiring industry is still adjusting to consumers’ embrace of point-of-sale. At the same time, debit card pricing is shifting from a simple, flat-fee model to a more complex one, which is [...]
Mon 02/15/2010 - 11:57
IT experts say they have uncovered flaws in the chip and Pin system which are being exploited by fraudsters to use stolen debit and credit cards. 9:21am UK, Friday February 12, 2010 Neal Walker, Sky News Online A team from Cambridge University’s Computer Laboratory found that criminals can insert a “wedge” between any stolen card [...]
Fri 02/12/2010 - 01:37
As posted on Digital Transactions (February 4, 2010) The bank card networks have weighed in with their latest earnings reports, and operating statistics within them show debit continues to boom while the unprecedented, recession-induced credit contraction over the past year may be nearing its end. At Visa Inc., which reported late Wednesday, U.S. debit payment [...]
Wed 01/27/2010 - 12:41
Digital Transactions – January 19, 2010 Merchant e-Solutions Inc., which on Tuesday announced it is actively marketing online PIN debit to both existing and prospective e-commerce merchants, credits the deep recession of the past year or so with helping to drive merchant interest in the service. “The recession has made [online PIN debit] more important,†[...]
Fri 10/30/2009 - 10:40
October 30, 2009 – as posted on Digital Transactions Just three weeks after its parent company struck a novel deal with PayPal Inc., The Star Network pushed the boundaries of PIN-debit a bit further by unveiling a prepaid card reload service for ATMs and point-of-sale locations. Star, a unit of Atlanta-based processor First Data Corp., [...]
Fri 09/11/2009 - 08:48
As posted by Digital Transactions (September 10, 2009) Rising processing costs and Visa Inc.’s mandate that point-of-sale terminals be upgraded to do Triple-DES encryption for PIN-based debit transactions are prompting gas sellers to rethink PIN debit acceptance. Fuel sellers are talking about dropping PIN debit because of the hike in cost for authorization, says Branden [...]
