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
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 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 [...]
Fri 06/05/2009 - 08:52
(June 4, 2009) While the recession is making an impact on consumer spending generally, PIN debit card usage is faring considerably better than that of signature debit. Indeed, PIN debit transactions by consumers grew 15% between July and December, the period during which the economic downturn began making itself felt, nearly four times the rate [...]
Thu 06/04/2009 - 08:30
(June 3, 2009) The effort to extend PIN debit to Web-based commerce embraced credit unions this week with the announcement by the Credit Union 24 electronic funds transfer network that it will pilot technology from Acculynk Inc., an Atlanta-based software company. The network, which links more than 100,000 ATMs and almost 500,000 point-of-sale locations, wants [...]
